BikeBiz Bicycle and cycling retail news
According to CENS, Giant Manufacturing Co., Ltd., Merida Industry Co., Ltd. and Ideal Bike Corp., are all working to capacity and will likely remain so until at least Q1 in 2005.
Giant had originally forecast sales of $191.74m but the actual figure may be as high as $221m, a record for the company.
Merida is likely to see its revenue reach $147m this year, with year-on-year Nov-Dec figures likely to be at least five percent higher.
CENS reports that Ideal’s existing capacity has lagged behind demands and the company has had to rent a plant nearby to increase production. Ideal expects to post a record annual revenue $61.94m.
Stingray bikes destined for the European market are made in Taiwan, by Giant and others. Stingray bikes for the US are made in China because, unlike the EU, the US does not impose dumping tariffs against Chinese-made bikes.
