Shimano Italia closes

The Shimano factory in Briga Novarese, Italy, is to close.
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"We made several attempts to restructure the company but unfortunately these have not been as successful as we hoped for. This leaves us no other choice than to take this decision," said Harald Troost, PR officer for Shimano Europe BV.

Shimano Europe acquired Alfred Thun Spa in 1998 and renamed it Shimano Italia Spa. The subsidiary produced Euro-specific components.

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