EUROPEAN HUB: The plant in Gyongyos would be able to supply 300,000 bicycles per year after the first phase of construction is completed next year

Taipei Times
Date: Jul 06, 2018
By: Kuo Chia-erh  /  Staff reporter

Bicycle maker Giant Manufacturing Co (巨大機械) yesterday said it plans to spend 15 million euros (US$17.6 million) to build a new plant in northern Hungary to cement its position in the European market.

“The facility would become Giant’s second manufacturing base in Europe,” a company official said by telephone, adding that the firm expects sales to Europe to see double-digit percentage growth this year on the back of growing demand for electric models.

Giant said it chose Hungary as a base because of its favorable location and well-developed transportation network, which could help the company expand its sales channels in eastern Europe, chairwoman Bonnie Tu said in a statement.

Covering about 22 hectares, the plant in Gyongyos would be able to supply 300,000 bicycles per year after the first phase of construction is completed in the second half of next year, Giant said.    [FULL  STORY]