Source:  by Scott Bass

Asia’s largest surfboard manufacturing plant, Thailand’s Cobra International Co. Ltd., is locking its doors. According to a letter sent to Cobra’s international partners on Wednesday December 3, 2008, Cobra and it’s labor force, Cobra Labor Union, have failed to negotiate a work compromise after five weeks of meetings.

Cobra International cited rising manufacturing costs in its letter, and stated that they are locking out the union employees beginning December 4th. The 55,000 square-meter factory will be shut down for at least five days, according to the letter.

Cobra International manufactures surfboards for one of the surfboard market leaders, SurfTech, as well as hardgoods for the sailboard and kiteboard world.

See complete story here