Giant Manufacturing Co (巨大機械) yesterday said it would invest NT$1.5 billion (US$50.6 million) to build a new global headquarters and research center at Central Taiwan Science Park.
“We aim to acquire the land by next year and complete construction by 2016,” Giant spokesman Jeffrey Sheu (許立忠) said by telephone.
The bicycle giant, based in Dajia District (大甲), Greater Taichung, needs more space for its production facilities and plans to transform the current office site into a factory after a new headquarters is built in the science park, Sheu said.
“We are planning to develop products targeting female customers and peripheral products such as cycling apparel. We also need a bigger space for our headquarters and research center,” Sheu said.
Giant reported consolidated revenue of NT$53.5 billion last year, up 12.9 percent from NT$47.38 billion in 2011.
“The global trend of cutting carbon emissions helped our revenue grow steadily,” Sheu said.
Europe, North America and Asia each accounted for approximately one-third of Giant’s revenue. While sales in Europe declined slightly last year, those in China grew, Sheu said, adding that the trend was likely to continue this year.
Giant shares rose 0.62 percent to NT$162, outperforming the TAIEX, which was up 0.25 percent. Over the past 12 months, the shares have risen 37.87 percent, while the TAIEX has gained 2.84 percent.