Taiwan Bike Makers Hit Record Revenues

TAIPEI, Taiwan – Taiwan’s top two bicycle makers, Giant Manufacturing Co., Ltd. and Merida Industry Co., Ltd., are expected to score record annual revenues of TWD 8.5 billion (€ 196.8 mn) and TWD 5 billion (€ 115.9 mn), respectively, this year. Giant shipped 82,937 high-end bicycles in November, a traditional peak month, up 5,000 units