Taiwanese bicycle manufacturing giant Ming Cycle has established a new production facility at the Changzhou Hi-Tech District in Jiangsu, China.
With $154.2 million injected into the new build, Ming has outlined plans to produce some 2 million bicycles annually across its three production facilities. With changes to China’s anti-dumping rules due in the next few years, the manufacturer’s investment was made in preparation a lighter duty from 2018.
Ming has over time shifted its focus away from OEM manufacture toward a focus on producing its own proprietary technologies found within its own brand’s bikes. In 2011, Ming established its own research and development centre in a bid to drive forward innovation, intellectual property rights and proprietary brand development. To date the manufacturer has acquired 32 patents and owns labels such as the iconic Strida folding bicycle and Rennrad.
Ming’s product is now shipped to 30 countries globally, with the US, Canada and Russia three key markets. The manufacturer’s other two facilities produce around 1.5 million bicycles, 1.2 million alloy frames and 400,000 steel frames annually.
The news follows an announcement in India which proposes the creation of “the world’s largest high-end and electric bike manufacturing district”, something which has already attracted foreign investment.