Industry Titbits
Industry News
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Astro Tech Marks 35th Anniversary with Dual-Core Strategy
2026 marks the 35th anniversary of Astro. As the global bicycle industry undergoes structural adjustments and supply chain realignment, the company is launching a strategic upgrade centered on two core pillars: deeper R&D capabilities and integrated manufacturing operations. The initiative aims to strengthen Astro’s long-term competitiveness in the global market. Since 2024, bicycle industry has faced continued inventory correction, rising geopolitical uncertainties, and slower end-market demand. These factors have intensified price competition and increased pressure across supply chains. For manufacturers, simple capacity expansion is no longer sufficient. Lean manufacturing, technological integration, and cross-regional production allocation are becoming key factors in... 2026-03-13
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Giant Group Meets with U.S. CBP in late October Third-Party Audit Progress Underway
A delegation team from Giant Group met with the U.S. Customs and Border Protection (CBP) in Washington, D.C. in late October for an official, in-person meeting. The atmosphere was positive and constructive, with both sides engaging in extensive discussions on the company’s current status and ongoing improvement actions. The Giant delegation team first expressed gratitude to CBP for its prompt response, which enabled Giant to clarify relevant facts in person and explain the ongoing improvements and enhancements. CBP acknowledged Giant Group's proactive attitude and actions following the issuance of the Withhold Release Order (WRO), as well as the company's immediate... 2025-10-31
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Merida Corporation Donates NT$5 Million for Disaster Relief in Hualien’s Guangfu Township
Disasters are the time for our community to come together. Merida Industry Co., Ltd. (9914), a leading manufacturer of bicycles and e-bikes, has announced a donation of NT$ 5 million to aid in the relief efforts following the recent landslide and barrier lake disaster on the Mataan River in Hualien's Guangfu Township. This contribution will be used to support disaster area reconstruction, demonstrating the company's commitment to Corporate Social Responsibility. Merida sincerely hopes that the victims can soon overcome their grief and successfully rebuild their homes and communities. 2025-10-01
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Giant Group Responds to U.S. CBP Withhold Release Order: Reaffirms Human Rights Commitment and Initiates Petition Process
On September 24, 2025 (U.S. Eastern Time), the U.S. Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) on products manufactured at Giant Group’s Taiwan manufacturing factory, suspending the import of bicycles, bicycle parts and components into the United States. In response, Giant Group issues the following statement: 1. Company Position Giant Group is firmly committed to upholding human rights and labor protections, and has taken the following concrete actions: Since January 2025, we have fully implemented a Zero Recruitment Fee Policy, under which all recruitment, agency, and government-related fees for newly hired migrant workers are fully covered... 2025-09-25
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Merida’s H1 2025 Operations Remain Stable with EPS of NT$2.72
Merida Industry Co., Ltd. (TWSE: 9914) today announced that its consolidated financial results for the first half of 2025 were approved by the Board of Directors on August 13, 2025. Group operations in 1H 2025 remained generally stable. Although the parent company’s standalone revenue reached NT$9.71 billion, representing a 19.0% increase from 1H 2024, and subsidiaries and investments in Europe and the U.S. turned from loss to profit, overall profitability was tempered by softer demand in the China market and the depreciation of the U.S. dollar. Consolidated group revenue for 1H 2025 totaled NT$14.57 billion, down 3.9% year-over-year. After consolidation,... 2025-08-14