Head to Reduce Tennis Racquet Production in Austria and Czech Republic
April 22, 2005 -- Head Sport AG, a company owned by Vienna and New York listed Head N.V. (NYSE:HED) (VSX:HEAD), has decided to outsource 90% of its tennis racquet production from its European sites in Kennelbach, Austria and Ceske Budejovice, Czech Republic to China.
Read the full press release here.
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Posted by Bob Wallace at May 1, 2005 4:19 PM
I think outsourcing production is a mistake on the part of Head racketsports. My personal experience with head rackets is that I can buy two of the same rackets retail and feel confident that they will feel fairly similiar,without too much customization. I know for a fact that that will not necessarily be the case going to china.... this is not a good move if Head is trying to distinguish themselves from other racket manufacturers. I understand the cost saving can be substantial but Head will be just like the rest and quality will cost the company more than just green.
patrick