TAIPEI, Taiwan (BRAIN)—Taiwan’s manufacturers saw nominal revenue increases in October with Merida reporting the largest gains for the month, according to figures released on the Taiwan Stock Exchange.
Merida, manufacturer of its own brand and some models of Specialized bikes, reported a revenue increase of 13.3 percent in October from NT$ 1.2 billion ($41 million) to NT$ 1.4 billion ($46.5 million). For the first 10 months of the year, Merida is up 15.6 percent with yearly revenue of NT$ 11.3 billion ($377.8 million).
Giant, the island’s No.1 manufacturer, reported a 3.86 percent rise in revenue in October with sales of NT$ 1.8 billion ($62.9 million). Year to date, Giant's revenue is up 3.58 percent to NT$ 15.1 billion ($504.7 million).
Ideal Bike, supplier of frames to brands like Fuji, Cannondale and BMC, was up 5.74 percent in October and 6 percent for the year. That company, which also runs operations in China and Poland, reported revenue of NT$ 255 million ($8.5 million) in October and NT$ 2.3 billion ($78.3 million) year-to-date. Ideal assembles and paints frames at its Taiwan plant, but does not manufacture onsite.
Kenda Rubber reported an 8.5 percent increase for its Taiwan operations in October, with revenue of NT$483.9 million ($16.1 million).
—Nicole Formosa
nformosa@bicycleretailer.com
Conversions use the Oct. 31 exchange rate of $1=NT$ 29.94. Figures take into account companies’ Taiwan operations only.
