Chinese factory declares bankruptcy - model cancellations/delays for Biante and TSM
Oct 31, 2011
Biante Model Cars and TrueScale Miniatures made an announcement that their Chinese supplier/factory has unexpectedly declared bankruptcy, causing delays and cancellations for upcoming models in 1:43 and 1:18 scale.
According to Biante, many of the molds that Biante used to manufacture model cars were held within this factory and it's unlikely that Biante will be able to recover them from the supplier. TrueScale on the other hand was able to get their tooling out and is currently in the process of setting up production with another factory.
TrueScale Models affected -
TSM111801 1/18 1977 Porsche 936/77 Martini #04 TSM111802 1/18 1977 Porsche 936/77 Martini #03 TSM11AC03 1/18 Cosworth DVF F1 Engine Model TSM114331 1/43 1967 Chevrolet Impala 4 Door Sport Sedan Black Pit Crew & Mechanic Figurines Snap-On Series Products
Biante Models affected -
1:18th Scale Cooper T51 and T53’s
1:18th, 1:43rd and 1:64th Scale V8 Supercars
1:18th Scale Plain White Holden VE Commodore
1:18th Scale HSV Maloo Utes (resin)
1:43rd Scale Holden EH’s
1:12th Scale Norton Motorcycles
We don't have any information if any other model manufacturer used the same supplier, but we will update this post if any new information emerges.
