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Taiwan’s MT Racing Opens Bike Factory in Vietnam

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HO CHI MINH CITY, Vietnam (April 10) – Dragon Bicycles, the new Vietnam company invested for 100% by Taiwan’s MT Racing, officially opened its first factory in Vietnam’s Dong Nai Province, just outside Ho Chi Minh City, on March 27. The new half million bicycles per year capacity plant is the latest in a string […]

HO CHI MINH CITY, Vietnam (April 10) – Dragon Bicycles, the new Vietnam company invested for 100% by Taiwan’s MT Racing, officially opened its first factory in Vietnam’s Dong Nai Province, just outside Ho Chi Minh City, on March 27. The new half million bicycles per year capacity plant is the latest in a string of investments by Taiwan’s bicycle industry into Vietnam. Since Vietnam opened to foreign investment in 1988, Taiwan has been the country’s second largest source of foreign investment with about twenty projects established by Taiwan bicycle companies which have moved or expanded operations with manufacturing facilities in Vietnam. At present, there are at least three Taiwan invested bicycle assemblers in Vietnam, including Dragon, Asama and Strongman. Like MT Racing, Dragon will produce according to the ODM/OEM model, but it will not impinge on MT Racing’s business. “We plan to keep the very high end in Taiwan as well as our sales, technical development and design,” said President Sammy Pai. “I believe we will have no problem maintaining around 100,000 units per year from Taiwan.”
The Dragon factory is an immaculately organized and state of the art plant of 20,000 square meters, 600 employees and with a daily capacity of 1,500 bicycles. The factory is equipped for welding high quality aluminum frames and assembling bicycles. Though the opening ceremony was held last month, the factory began limited production in August 2000. By July 2001, capacity may further increase to 2,000 bicycles per day. (DF)

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