TAICHUNG, Taiwan – In its first sales quarter of 2023 Taiwan’s third-largest bicycle producer Ideal Bike Corporation brought in total sales of TWD 1.11 billion (€33.46 million). This is a slight decrease of 1.8%, compared to the first three months of last year. However, losses were also incurred on these sales.
Taipei, Dec. 14 (CNA) Taiwan-based bicycle brand Merida Industry Co. has said its cash flows remain normal amid reports rival Giant Manufacturing Co. sought to postpone payments to suppliers due to weakening global demand.
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