Premium bicycle & accessories manufacturer CUBE expands its production at CTPark Cheb

Cheb, 15 September 2021 – The popularity of cycling and exercise in general continues to increase worldwide, which in turn has accelerated the success of German bicycle manufacturer CUBE, whose bikes are renowned for their innovative design and high quality.

Due to the challenging and complex supply chain, combined with low availability and high costs for transportation, CUBE owner Marcus Pürner decided to expand further and to bring back production capacities from Asia to Europe. Therefore CUBE invests and expands its operations, launching its first production facility at CTPark Cheb in the Czech Republic, in a new building with 10,000 m2 of space. The new assembly line for bicycles is planned to start in February 2022.

Their desire to maintain its high quality was a key driver in selecting to locate to the Cheb region, which is well known for its trained and technically skilled workforce.

CTPark Cheb benefits from its geographical location near the border, excellent transport links and the region’s qualified workforce.

CUBE has already begun actively searching for more than 300 employees for its new operation. “We are creating a number of new employment positions in the Cheb region. We are offering attractive pay, good conditions, promotion opportunities and a range of benefits. We are a young and ambitious company and warmly welcome anyone who wants to be part of our Team,” says Marcus Pürner.

About CUBE

CUBE was founded by Marcus Pürner in 1993 in the Fichtel Mountains of northeastern Bavaria and remains owner-managed to this day. Throughout our steadily growing international success in well over 60 countries, we have always stayed true to our regional roots and are one of the area’s leading employers with a 1,000-strong workforce. The CUBE portfolio comprises virtually all types of bikes and e-bikes, as well as an extensive collection of clothing and accessories.

About CTP

CTP is a top five industrial property developer and manager in Europe and the largest in CEE, with over 6.6 million m² of logistics space and operations in nine countries. The company is on target to expand its portfolio to 10 million m² by year-end 2023. With its entire portfolio BREEAM certified, CTP claims the position of the most sustainable developer in the region and is on track to reach carbon neutrality this year. At the end of March 2021 CTP listed on the Euronext Amsterdam stock exchange, issuing 397,017,000 shares priced at €14 per share, which implied a market capitalisation for the company of €5.6 billion at listing.

CTP contact:
Lucie Heřmanská
lucie.hermanska@heroandoutlaw.com
+ 420 773 819 515

CUBE contact:
Nick Pürner
zpg-sro@cube.eu