Bulgarian Minister of Economy, Energy and Tourism Attends Dahon International Distributor Conference

Delyan Dobrev welcomes Dahon to Bulgaria in support of sustainable energy during Dahon’s International Distributor Conference in Sofia, Bulgaria

Sofia, Bulgaria, May 22, 2012 – Dahon, the world leader in folding bicycles, hosted special guest Delyan Dobrev, Bulgarian Minister of Economy, Energy and Tourism during its 5th annual international conference (DIDC) last week. Dobrev welcomed Dahon and the exports the company will bring to Bulgaria as it begins production in Plovdiv.

Dahon hosted its annual conference in Sofia to promote the company’s new 2013 product range alongside the establishment of its European headquarters through a strategic partnership with Maxcom, a modern ISO 9001:2008-certified facility that specializes in the manufacturing of bicycles. Initial production is set to begin with 40,000 units and is due to reach 100,000 by the end of the year. Dahon projects a 19 million USD (30 Million BGN) contribution to Bulgaria’s export output within the first year with total exports of Dahon bikes from the country rising to 38 million USD (60 million BGN) by 2015. Bulgaria’s total goods exports grew by 2.2% in 2011 totaling 26.06 billion USD.

During the closing ceremony, Dahon presented Dobrev with one of its most popular models alongside a certificate of appreciation for his support and efforts towards the use of sustainable energy in Bulgaria. Dr. David Hon, Dahon founder and CEO says, “We are excited to have moved our European production to Bulgaria, not just because of its logistical advantages, but also because of its increased focus towards the use of sustainable energy.”

About Dahon

In 1982, Dahon ignited the folding bicycle revolution with the introduction of the Dahon folder, the forefather of most modern-day folding bicycles. Today, Dahon is recognized as their world leader. Spearheaded by the guiding principles of innovation, reinvention and technological leadership, Dahon is committed to creating quality product experiences and green mobility solutions for people leading active, environmentally friendly lifestyles. It is headquartered in California with offices, factories, cooperating assembly plants and distribution partners throughout the world.