Elan's Austrian factory files for bankruptcy

2013-03-28T00:00:00

The subsidiary of Elan that has been running its snowboard factory in Fürnitz has filed for bankruptcy. The plant, which employs 78 people, has suffered from heightened costs for raw materials and the loss of OEM production assignments. Reportedly, the manufacturing facility made only 10 percent of its volume with Elan-branded products, whereas ...

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