FRANCE - Chinese motorcycle importer gets EUR 400,000 backing

Founded in 2003, Sidam selects and imports Chinese motorcycles before distributing them to 160 French dealerships. The Champigneulle-based company currently employs 10 staff. It expects its turnover to increase from EUR 2.5m in 2005 to EUR 4m in 2006. New funds will be used to boost the company’s stock, to double its client base by looking at the Swiss, Spanish and British markets.

One year ago, CAC and Auxitex had communally injected EUR 400,000 in the company.

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• Topics
• Expansion
• France