• Taiwan bike industry eyes $1.65-billion output

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    Taiwan cycle industry’s annual production is projected to top $1.65 billion in 2014, according to statistics released by the Ministry of Economic Affairs. “Tapping the trends of carbon reduction, eco-awareness and leisure sports worldwide, local manufacturers have incorporated innovative materials such as aluminum, carbon fiber, magnesium and titanium into their products,” an economic ministry official said. “Increased demand for these models is expected to buoy overall revenues for bike-makers,” the official said.

    TAIWAN TODAY

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