Giant Reports Increased Revenue over 2012
TAICHUNG, Taiwan – The global trend of cutting carbon emissions helped Giant to grow its revenue steadily last year. The Taiwanese manufacturer reported consolidated revenue of NT$53.5 billion (1.34 billion euro) last year, up 12.9% from NT$47.38 billion (1.18 billion euro) in 2011.
According to a Giant spokesman sales in Europe declined slightly last year and those in China grew. Giant expects this trend to continue in 2013. Still Europe, North America and Asia each account for approximately one-third of Giant’s revenue.
In the years ahead Giant will invest NT$1.5 billion (37 mn euro) to build a new global headquarters and research center at Central Taiwan Science Park. The plant is expected to be ready by 2016. In a statement the company explains to need more space for its production facilities.
The current office site will be transformed into a factory. The new headquarters and research center is built in the science park. Giant future growth will partly come from products targeting female customers and peripheral products such as cycling apparel.