Asiabike Sets Up News Facility for Kids Bikes

COLOGNE, Germany Sri Lankas largest bicycle maker Asiabike Industrial Ltd recently floated a new children bicycle making subsidiary Colombo Cycle Company (CCC). The new company is a joint venture between Asiabike Industrial Ltd and two Taiwan companies called Active Cycles & Y S Paints, confirmed Isthiark Farook, Asiabikes Managing Director. The children bikes will be manufactured with Taiwanese technology. The Sri Lankan bike maker is importing a Taiwanese plant for the new venture.