| 11/14/2001 | Merida Industry's investment in Specialized Bicycles is helping ensure that the Taiwan manufacturer's assembly lines are kept busy. In June Merida invested invested US$29.62 million in customer Specialized, giving Merida 49 percent ownership of the American company, and ensuring that the bulk of Specialized's production is undertaken by Merida plants in Taiwan and China.
Orders placed by Specialized are forecast to reach 320,000 bicycles in the 1-year period ending on April 31 2002, up 50 per cent from the same period last year, reports Taiwan's Commercial Times newspaper.
In November Merida also received an order for 100,000 lightweight bicycles from a Japanese customer. The company is expected to achieve its full-year delivery target of 460,000 bicycles in Taiwan. Merida Industry delivered 250,000 bicycles on the mainland in the first nine months of the year, reaching 74.63 per cent of its full-year target.www.merida.com
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