Exel Moves Assembly To China As Sports Division Struggles

2006-01-28T00:00:00

Preliminary results for 2005 suggest that Exel Oy’s sports division was considerably weaker compared with the prior year, posting a reduced net profit of €1.6 million, down from €5.9 million in 2004. The Finnish company blamed major investments being undertaken in new markets such as North America, the Far East ...

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