Cycleurope

Type
Reshoring
Country
Sweden
Reshoring from
France
Reshored business function
Production
Region
Södra Sverige; Västsverige; Hallands län
Location of affected unit(s)
Varberg
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.9 - Manufacture of transport equipment n.e.c.
30.92 - Manufacture of bicycles and invalid carriages
No information on job gains number available
Announcement Date
3 October 2016
Employment effect (start)
1 January 2017
Foreseen end date

Description

Cycleurope is a Swedish company belonging to the Grimaldi Industri group. It offers bicycles (traditional and electric ones) which are manufactured and assembled in its plants in Sweden, France and Italy. In 2017, it decided to relocate in Sweden (Varberg) the production of electric bicycles realized in France until then. The main reason for the relocation was customer proximity since the electric bicycles market is heavily growing in Sweden.       

Sources

Citation

Eurofound (2016), Cycleurope , Reshoring in Sweden, factsheet number 59, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59.