All Pacific Cycle Group articles
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ArticlePon.Bike commissions YIT Lietuva to build new factory in Lithuania
After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...
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ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...
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News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Dorel Industries Inc. and its shareholders – the Canadian conglomerate pulled out of the announced going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and the greater potential for Dorel as a public company, the Canadians now announced that ...
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ArticleBicycle boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second ...
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ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
