Cycleurope is filing for bankruptcy proceedings at its production site in Machecoul, on the west coast of France. As reported by Bike Eco, the factory, which produces bicycles for supermarkets and other mass merchants, will remain operational for a six-month period, under observation by the commercial court of Troyes. The Swedish-based group said that, for the time being, it does not intend to sell the plant, nor does it wish to abandon bicycle production in France. According to the French economic daily Les Echos, the Machecoul factory used to produce 240,000 out of the 900,000 bicycles made by Cycleurope. The site's production declined by 9.5 percent between 2010 and 2011, and by 13 percent from 2011 to 2012.

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