ENGLAND – October 13, 2015 – (Motor Sports Newswire) – Legendary British motorcycle wheel manufacturer Dymag is once again firing on all cylinders following a multi-million pound UK government cash injection to help realise its business ambitions.
The iconic British brand, which produced the world’s first 3-spoke magnesium racing wheels used by the legendary Eddie Lawson to win the AMA Superbike Championship and World Motorcycle GP Championship in the 1980s, is powering back into the market after securing £7m of UK Government funding to mass produce carbon composite motorcycle and car wheels.
Dymag’s funding package has come from the Advanced Manufacturing Supply Chain Initiative (AMSCI), a UK government programme designed to assist advanced UK manufacturers and will be further supplemented by match funding from a range of venture capital investors.
It will enable Dymag to rapidly accelerate its product development programme and significantly reduce manufacturing process cycle times, enabling cost effective, high volume production of carbon composite wheels at a new UK based, purpose built site.
With the buzz in the motorcycle industry being all about reducing weight to deliver increased handling and performance, the investment into Dymag will enable it to consolidate its position in the market as one of the world’s leading producers of lightweight carbon fibre motorcycle wheels.
Dymag’s Chief Executive Chris Shelley said: “Dymag has been a prominent force in the US sports bike market for more than 20 years and we are now looking to expand our distributor base across all states. We believe our classic and stylish wheels will appeal to cruiser bike enthusiasts and in early 2016 we will be launching a new two piece hybrid carbon fibre motorcycle fibre wheel.
“The funding investment will enable Dymag to focus on developing high volume carbon composite motorcycle and auto wheels for a wide range of performance and luxury vehicles using advanced production processes and materials.
“We also plan to establish one or more long term strategic manufacturing partners in the UK and overseas to help continue to scale up and develop the business globally.”
Dymag is attending the AIMExpo 2015, with Dymag’s Sales and Marketing Manager Nick Hill available at the acclaimed international motorcycling show to discuss Dymag’s ambitions and its comprehensive range of motorcycle wheels.
Dymag motorcycle racing wheels were first produced in the early 1970’s and following success on the international racing circuit it quickly became the wheel of choice for classic and modern racing enthusiasts across the world.
Alongside Eddie Lawson, two wheel legends Barry Sheene, Michael Dunlop, Joey Dunlop, John McGuinness and Troy Bayliss have all successfully raced on Dymag wheels. Those past glories continue on into the present day , with an historic hat-trick of victories achieved by Michael Dunlop, racing on Dymag’s UP7X wheels, as recently as last year’s Isle of Man’s classic TT races.
The full range of Dymag performance motorcycle wheels – including the CA5 carbon fibre wheel, UP7X forged aluminium, SB5, TT3 and CH3 – is available on Dymag’s product website www.dymag.com. All Dymag wheels are available for most fitments and are certified for racing and road use.
Started in the early 1970s, Dymag quickly moved to the technology pinnacle developing diecast magnesium wheels for Formula One and GT Racing cars and inventing the world’s first three spoke Magnesium motorcycle racing wheels. It was on these very motorcycle wheels that the legendary Eddie Lawson won the AMA Superbike Championship on a Kawasaki KZ1000-S1 in 1981 and 1982, and went on to win the 1984 World Motorcycle GP Championship on a Yamaha YZR500.
Building on their success, Dymag expanded into manufacturing Forged Magnesium wheels, Forged Aluminium wheels and finally invented lightweight Carbon Fibre motorcycle and car wheels with an equally enthusiastic response from bike and car owners around the world. The company went into liquidation in 2009 and was rescued in 2010 by its current owners and has been successful in re-entering the motorcycle racing and aftermarket, supplying the winning BMW S100RR ridden by Michael Dunlop in the 2014 Isle of Man TT, and 6 leading British Superbike Teams.
Dymag’s rich heritage on four wheels ranges from Formula 1, IndyCar, Rally/RAID, GP Moto, Superbikes, Isle of Man TT champions and race winners driving to victory on Dymags, as well as many production Supercar manufacturers.