According to Merida, it has been receiving increasing orders for high-level products, which are expected to further upgrade the company's revenue and profits performances this year.
Merida's assistant manager Wang Long-jin pointed out that his company last year invested NT$200 million (US$6.15 million at US$1: NT$32.5) in revamping the production lines in two stages and the works are expected to be completed in the second quarter. The new lines are expected to have better production efficiency, produce higher-quality products, and upgrade overall capacity by 10% to 20%.
Ideal's senior officials said that the company would demonstrate many new products at the coming Taipei cycle show in March, including some models jointly developed with fitness equipment makers for both indoor and outdoor riding.
As to its deployment in mainland China, Giant has set up five plants across the Taiwan Strait to produce bicycles, electric bicycles, and aluminum bike frames, and the firm is mulling setting up additional facilities in northern China.
Merida is applying to the Investment Commission under Taiwan's the Ministry of Economic Affairs (MOEA) for setting up a new plant in Shangdong Province of China, which is expected to be completed in early 2008 and start mass production in mid-2008.
Ideal is preparing for further expanding its sales in China. The company now also runs a plant in Dongguan, Guangdong Province of China, with annual capacity of about 700,000 units.
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