Jelco have announced that they are closing down their tonearm business with immediate effect. The decision has been made for business reasons, as stated in their letter to dealers, reproduced below:
It is with deepest regret to inform you this sad announcement.
The novel corona virus pandemic continue to have a significant impact on our production lines, and so I have decided to terminate our business effective immediately.
For the past few years, the business has endured a decline in labor productivity due to health issues arising from our aging skilled engineers. Furthermore, due to our obsolete mechanical equipment, performing maintenance on them has become difficult.
I sincerely ask for your understanding on the following points:
•No new orders will be accepted.
•Repair of products will not be accepted.
I would like to thank everyone for their warm support that was extended to us throughout the years. I would also like to express in writing my deepest gratitude for your kindness and wish you all the best for your continued development.
President & CEO
ICHIKAWA JEWEL CO.,LTD.
What does this mean for us and for you? In short, once our existing stocks of Jelco products are gone, that’s it and there won’t be any more. Jelco leave a gaping hole in the lower/middle price point of the tonearm market and we are not quite sure how to fill it. But, we will try!