KMC Grows on Existing and Emerging Markets
TAINAN, Taiwan – Chain manufacturer KMC (Kuei Meng International Inc.) reports a continued buoyant growth on existing as well as emerging markets. The company benefits from the mild climate this year on its main markets as well as increasing sales of high-end bicycles in Europe and North America.
According to a report in the China Times, the company’s consolidated revenue was driven by the incorporation of the Shenzhen plant in the KMC Group and amounted CNY 302 million (€ 42.6mn), an annual increase of 21.71%.
Last November KMC’s 11 month consolidated revenues reached 3 billion yuan (€ 423.6mn euro), a 21.64% growth compared with last year.