Fintrade pulls out of wheel manufacture

2nd December 2003 | 0 Comments
 

Alloy wheel manufacturer Fintrade has taken the decision to run down and cease production of its own make alloy wheels. The company says that it cannot compete with products from emerging markets and that the closure of the factory was the only route open to avoid financial ruin. The company has announced an orderly run down of production and will be liquidating the assets of the business to service debts in order of preference. It is expected that there should be no shortfall at this point in the proceedings.

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