Author Topic: Touratech files for insolvency  (Read 421 times)

Offline XTZELEE

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Touratech files for insolvency
« on: August 12, 2017, 06:25:32 am »

Offline Stridey

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Re: Touratech files for insolvency
« Reply #1 on: August 12, 2017, 06:48:15 am »
Yes it's all over the world forums. Nick Plumb of TT Uk says he not worried!
Anyhow they have administrators in at the German HQ and hopefully they can save it. 


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Offline Checkswrecks

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Re: Touratech files for insolvency
« Reply #2 on: August 12, 2017, 10:05:15 am »

Translated via Google from:http://www.suedkurier.de/region/schwarzwald-baar-heuberg/niedereschach/400-Arbeitsplaetze-bedroht-Touratech-in-Niedereschach-meldet-Insolvenz-an;art372527,9369840


The manufacturer of motorcycle accessories submitted a corresponding application. 400 jobs are threatened.


Touratech AG, the specialist for motorcycle accessories and with around 400 employees the largest employer in Niedereschach, has filed for insolvency. This was announced by Ingo Schorlemmer, press officer of the law firm Schultze and Braun, in a press release. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.


According to the press release on Friday, the company's employees were informed by the provisional insolvency administrator as well as by the Executive Board about the insolvency and current status at a company meeting. Wages and salaries were paid. Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options."Touratech has already devised initial principles for a renovation concept with its consultants before the application for insolvency," says Pehl after an initial survey. "The first thing we need to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing so as to preserve the location and jobs as much as possible," said the insolvency administrator.


The reason for the insolvency is the late implementation of the new building, which was necessary due to increased demand, the press release states. The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.The new logistics center, consisting of three halls, houses a modern high-bay warehouse, picking, workshop, administration, the Touratech shop and bistro, as well as the sales, marketing and product management offices previously housed in the former Tennishalle. It was put into operation in August 2016 after a six-and-a-half-month construction period and was inaugurated at the end of October 2016 with a large ceremony, at which councilor Sven Hinterseh and mayor Martin Ragg were also present.The company invested more than ten million euros in the new building on the Dauchinger Straße with an area of ​​about 20,000 square meters, which was built diagonally opposite the previous Touratech site in Niedereschach.


According to the firm's statement, existing jobs should be secured and new jobs created.The company is also internationally known for the Touratech Travel Event that attracts thousands of motorcycle fans to Niedereschach every year since 2004. In 2017, the company was chosen as the best brand in the field of conversions and attachments / accessories for the seventh time in a row by readers of the trade journal Motorrad. In 2015, Touratech celebrated a jubilee celebration with more than 12,000 visitors from Germany and abroad on the occasion of its 25th anniversary.


Touratech started in 1990 with the development and production of accessories for motorcycles, which proved itself particularly in the practice on long tours under difficult terrain and climatic conditions. Products from the first hour were digital tachos, self-built aluminum cases for motorcycle tours as well as waterproof motorcycle computers. As a result, further products were developed, optimized, manufactured and marketed.The parts are tested by the founders on long trips, for example, through Tibet, Bolivia, Mexico and South Africa under the toughest conditions and are also used in the Paris-Dakar Rally.


Touratech also works as a supplier and development partner for several motorcycle brands. Over 80 percent of Touratech products are exported through a worldwide sales network.
« Last Edit: August 12, 2017, 10:07:33 am by Checkswrecks »
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Offline VRODE

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Re: Touratech files for insolvency
« Reply #3 on: August 12, 2017, 11:14:52 am »
Seems like expanding the business created some major problems. Hope they get a good chance to reorg and get back in the game.
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Offline Cycledude

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Offline WJBertrand

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Re: Touratech files for insolvency
« Reply #5 on: August 14, 2017, 12:48:09 am »
I was wondering how long they could sustain their obscene pricing. Lots more players in the market now. They'll have to lean out their organization and price their products competitively.


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