Bankruptcy For Another Chinese Model Manufacturer

The Athearn division of Horizon Hobby announced on January 14th that delivery of some of its new products were likely to be delayed due to the shutdown of Creative Masters Limited (CML), in China, who had filed for bankruptcy. This announcement followed an international financial agencies report.

There had been earlier reports that CML had not reported a profit since 2009. CML has manufacturing facilities in Donngguan, China, and its headquarters are in Kowloon Bay, Hong Kong. The company manufactures model railroad products branded for Athearn, Roundhouse, Fleischmann and Roco and a major part of the business is die-cast vehicles, which it manufactures for Mattel, Tamiya, Bianti, PMA Models, Corgi, MBI, SMS and Gear.

Thanks to JC for forwarding this information.

About The Hobby Shop

South East England's leading continental model railway specialist. Established in 1988 we stock leading brands' products for model railways, ready-made road vehicles, plastic and wooden kits, radio control cars and various modelling accessories View all posts by The Hobby Shop

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: