Giant To Build Bicycle Plant In Kunshan

 

Via xinhuanet.com

NANJING, Dec. 5 (Xinhua) — Taiwanese bicycle company Giant signed an agreement with the Kunshan government Monday to set up a subsidiary in the mainland city.

The new plant in Kunshan in Jiangsu Province will be Giant’s biggest investment on the Chinese mainland, with an estimated investment of more than 150 million U.S. dollars

It will manufacture high-end bicycles and electric bicycles, with annual sales eventually expected to reach 3.4 billion yuan (500 million U.S. dollars).

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