AMSTERDAM, the Netherlands - E-bike component manufacturer, enviolo has appointed a new CEO. Ed Cully has succeeded inaugural CEO David Hancock and assumed his new responsibilities as of April 8th. Hancock will transition to a non-executive role, joining enviolo's board of directors.
OSAKA, Japan - Shimano has launched a new affordable component system, Shimano Essa, which will be compatible with the bicycle component maker's current 8-speed flat-bar Acera, Altus and Tourney TX systems. Also, the Cues range launched last year, has been optimised to include Short Reach, an ergonomic design for riders with small hands.
SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease of its 2023 consolidated revenue of € 112.5 million. hGears faced an extremely challenging years in its e-bike business.
ANNECY, France - There is a new face at the helm of French component manufacturer Mavic. Having worked with Jean-Michel Bourrelier for more than five months, Alberto Morgando officially took over the position of managing director on 20 February.
OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts manufacturers. Shimano even reports a year-on-year decline of 24.6% in revenue and a 52.3% drop in net profit. The figures Shimano projected for 2024 don't show a positive picture either.
In the dynamic world of bike assembly, manufacturers persistently pursue innovative solutions to refine their production processes. The challenge lies in designing an efficient workflow, and the integration of cutting-edge machinery will revolutionize the industry. These machines not only augment production capacity and quality but also prioritize energy efficiency, data communication, error reduction, space optimization, mobility, and ergonomic considerations.
BRUSSELS, Belgium - Miranda Bike Parts has been awarded as one of the 10 'sustainability heroes' during Generali's third SME EnterPRIZE event in Brussels. This group was drawn from the over 7,600 SMEs that participated in the area of Environment and Social, coming from the European countries that have joined the initiative: Austria, Croatia, Czech Republic, France, Germany, Hungary, Italy, Portugal, Slovenia and Spain.
SCHRAMBERG, Germany - German precision gear and component manufacturer hGears AG reports a consolidated revenue of €84.1 million from January until October, a year-on-year decline of 18.8%. This decline is attributable to market difficulties for the e-mobility as well as the e-tools division.
KASSEL, Germany - After company founder Bernhard Rohloff passed away in May the shareholders of Rohloff AG have now appointed a new supervisory board. The new board of the internal gear shifting expert now consists of Katja Lubitz, Constantin Ziehe and Ernst Brust.
OSAKA, Japan - Shimano reports a big difference in market performance between Europe and North America. In its January-October 2023 financial statement, the component manufacturer reports that despite high inventories in general, a strong interest in bicycles continued in its major market, Germany and the Benelux countries.
