Correction on Ming Cycle Report
CHANGZHOU, China – On June 3 Bike Europe reported on the groundbreaking ceremony for the third bike factory of Ming Cycle Industrial Co. Ltd in China. We wrongfully related this report with an expected end on the 48.5% dumping duties the EU levies on bikes imported from China.
Ming Cycle wants to emphasize that the construction of the new facility in Changzhou, 180 kilometers northwest of Shanghai, has nothing to do with the current anti-dumping measures for bikes made in China that are exported to Europe.
Focused on OEM production for all countries except EU
The 60,000m² factory is on a 80,000m² plot. Ming Cycle is investing US$ 36 million (€ 26.5m) in the facility which is completely focused on OEM production for all countries except Europe. Ming Cycle’s OEM production for Europe and for its own brands Strida and Rennrad takes place at the company’s HQ in Taiwan. Production start at the new factory in China, that will have an annual capacity of one million units, is planned for end of 2015.