Touratech Germany files for chapter 11 restructuring

RIDERR1150GSADV said:

http://www.suedkurier.de/region/sch...eschach-meldet-Insolvenz-an;art372527,9369840

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From Google Translate......


"Touratech AG, the specialist for motorcycle accessories and with around 400 employees the largest employer in Niedereschach, has filed for insolvency. This was announced by Ingo Schorlemmer, press officer of the law firm Schultze and Braun, in a press release. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.

According to the press release on Friday, the company's employees were informed by the provisional insolvency administrator as well as by the Executive Board about the insolvency and current status at a company meeting. Wages and salaries were paid. Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options.

"Touratech has already devised initial principles for a renovation concept with its consultants before the application for insolvency," says Pehl after an initial survey. "The first thing we need to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing so as to preserve the location and jobs as much as possible," said the insolvency administrator.

The reason for the insolvency is the late implementation of the new building, which was necessary due to increased demand, the press release states. The associated difficulties with logistics and production as well as the considerable production and supply losses led eventually to insolvency.

The new logistics center, consisting of three halls, houses a modern high-bay warehouse, picking, workshop, administration, the Touratech shop and bistro, as well as the sales, marketing and product management offices previously housed in the former Tennishalle. It was put into operation in August 2016 after a six-and-a-half-month construction period, and was inaugurated at the end of October 2016 with a large ceremony, attended by District Administrator Sven Hinterseh and Mayor Martin Ragg.

The company invested more than ten million euros in the new building on the Dauchinger Straße with an area of ​​about 20,000 square meters, which was built at an angle to the existing Touratech site in Niedereschach. According to the firm's statement, existing jobs should be secured and new jobs created.

The company is also internationally known for the Touratech Travel Event that attracts thousands of motorcycle fans to Niedereschach every year since 2004. In 2017, the company was chosen as the best brand in the field of conversions and attachments / accessories for the seventh time in a row by readers of the trade journal Motorrad. In 2015, Touratech celebrated a jubilee celebration with more than 12,000 visitors from Germany and abroad on the occasion of its 25th anniversary.

Touratech began in 1990 with the development and production of accessories for motorcycles, which proved particularly in practice on long trips under difficult terrain and climatic conditions. Products from the first hour were digital tachos, self-built aluminum cases for motorcycle tours as well as waterproof motorcycle computers. As a result, further products were developed, optimized, manufactured and marketed.

The parts are tested by the founders on long trips, for example, through Tibet, Bolivia, Mexico and South Africa under the toughest conditions and are also used in the Paris-Dakar Rally. Touratech also works as a supplier and development partner for several motorcycle brands. Over 80 percent of Touratech products are exported through a worldwide sales network."

^^^

Just a note...it would be best if you indicated right away that you were providing a translation of the website, which is in German. Minor nit, but it sort of appears as if you have special knowledge of the situation. Thanks!

20774 said:

^^^

Just a note...it would be best if you indicated right away that you were providing a translation of the website, which is in German. Minor nit, but it sort of appears as if you have special knowledge of the situation. Thanks!

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It wasn't a minor nit, but proper editing...

I failed to check where my "From Google Translate" was posted in the message and I didn't have quotation marks.

Sorry I neglected to post the translation as I'm fluent in German...

Thanks!

RIDERR1150GSADV said:

Sorry I neglected to post the translation as I'm fluent in German...

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We'll forgive you, in time.

BTW - how did it happen that you're fluent in German?

36654 said:

We'll forgive you, in time.

BTW - how did it happen that you're fluent in German?

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LOL!! I grew up in The Netherlands and, among other things, we had to learn a few foreign languages in high school..German,French, English etc..

RIDERR1150GSADV said:

LOL!! I grew up in The Netherlands and, among other things, we had to learn a few foreign languages in high school..German,French, English etc..

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You were very fortunate.

The Dutch (and Flemish in Belgium) are language masters. I am always impressed by their abilities.

azgman said:

The Dutch (and Flemish in Belgium) are language masters. I am always impressed by their abilities.

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I agree. The young Dutch are truly being educated to function and compete in the world economy. We could learn a lot from their example.

36654 said:

You were very fortunate.

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Can you imagine that two countries, one that is twice the size of the other and we don't need a wall between us could speak the same language?

I know, I apologize, bad me, but if my neighbours to the south could speak Canadian, wouldn't the world be better, eh?

Might be just me but if my neighbours knew that a "pancake" isn't something you don't eat and that "a honey" isn't about a woman or that a "toboggan" isn't a toque or that "gitch" should be cotton or that a "bunny jump" is something to give to your significant other to keep her/him warm when you are away, I think the rest of world would make the "cut".

We have an IHOP in my city, just opened, still looking for the blue line.

dieselyoda said:

Can you imagine that two countries, one that is twice the size of the other and we don't need a wall between us could speak the same language?

I know, I apologize, bad me, but if my neighbours to the south could speak Canadian, wouldn't the world be better, eh?

Might be just me but if my neighbours knew that a "pancake" isn't something you don't eat and that "a honey" isn't about a woman or that a "toboggan" isn't a toque or that "gitch" should be cotton or that a "bunny jump" is something to give to your significant other to keep her/him warm when you are away, I think the rest of world would make the "cut".

We have an IHOP in my city, just opened, still looking for the blue line.

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Whether or not we need a wall is a question well above my pay grade, but what on earth is a "Toque" and why would anyone go to IHOP to get the lowest production cost meal of the day produced in the lowest possible cost way. I can still taste, whatever it was, that an IHOP served me as an omlette in 2014. Yes, it was white-ish yellow, but I doubt it came out of a chicken within the last decade.

BTW - my point of reference on that last editorial comment (i.e., one of many) was my mercifully short stint as a graveyard shift truck stop grill cook on Interstate 80.

The first time I was stationed in Germany my wife and I were visiting Strasbourg. Three young girls came up to us and asked us the time. The asked in German, French and Spanish . . . until they figured out that we were Americans. When they asked in English we understood them. Often Europeans are fluent in many languages. Those of us from the U.S.A. don't often have foreign language skills (and many of us are lacking in our own native language).

I was stationed in Germany twice. I know a little (very little) German. I think one of the reasons that I know so little German is that so many Germans can speak good English.


I didn't mean to take this thread down a rat hole. I assume that it is good news that Touratech will continue in business.

A lot of Europeans speak English and so it is tough for Americans to learn a European language. Dutch in particular is very tough specially with pronunciation. During WWII the Dutch resistance would use certain words that only a true Dutchman could pronounce properly, in order to catch German spies.... One to the toughest languages is Finnish, even for the Dutch...
Growing up we never thought of another language as a barrier other than just learning it.
At home we listened to BBC radio, watched German, English and French TV, depending on where you lived, you got 6 whole channels of TV.... These were the good old days.. Now we have smart phones and stupid people...
Anyway, I hope Touratech survives, specially for the sake of their employees!