Merida posts higher revenue
Local bicycle maker Merida Industry Co (美利達) said on Monday that its revenue grew 5.53 percent year-on-year and 10.2 percent month-on-month to NT$1.93 billion (US$64.58 million) last month, according a company filing to the Taiwan Stock Exchange. Meanwhile, its local rival, Giant Manufacturing Co (巨大機械), reported its revenue rose 6.89 percent year-on-year and 0.67 percent month-on-month to NT$4.85 billion last month, Giant said in a separate stock exchange filing. Giant said the company aims to increase its revenue by between 5 percent and 10 percent this year.
Trade show breaks record
An international trade show featuring healthcare equipment and devices will open in Taipei on Thursday next week, the organizers said yesterday. The four-day Taiwan International Medical and Healthcare Exhibition (Medicare Taiwan), which will coincide with the Taiwan International Senior Lifestyle and Health Care Show and the Taiwan International Herbs and Functional Food Expo, has attracted a record 500 local and foreign exhibitors with nearly 1,000 booths, the event’s organizers said. According to a government report, the production value of the country’s medical device sector is expected to grow about 7 percent year-on-year to US$2.71 billion this year on the back of rising demand for contact lenses and blood-sugar monitors.