Wheel Manufacturer Dymag Racing Enters into Bankruptcy

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Despite signs that the economy seems to be bottoming out, UK-based wheel manufacturer Dymag Racing UK, Ltd has entered into bankruptcy. What appears to be beyond just a mere restructuring, the company’s assets are being auctioned-off, placing doubts as to whether the manufacturer will continue making wheel products after the bankruptcy process concludes.

Dymag’s history dates back to the 1970’s, where it was the world’s first producer of magnesium motorcycle racing wheels. Since then, the company has branched into the composite wheel segment, providing wheel solutions to the likes of Formula 1 and WRC, in addition to a bevy of motorcycle teams.

Now finding itself at the wrong end of its creditors, Dymag finds an assortment of the company’s industrial equipment up for auction, such as its CNC turning and machining centers, general toolroom machinery, and powder coating and ink manufacturing equipment.

If you’re interested in getting some equipment to run your own magnesium wheel manufacturing company, you can bid on the industrial equipment here.

Source: The Kneeslider