Taipei cycle show likely to generate over US$560 million: organizer

Taipei, March 1 (CNA) The annual Taipei International Cycle Show will kick off Wednesday, with organizers saying they expect the four-day event to break last year's record by generating more than US$560 million in business opportunities. Peter Huang, president and CEO of the Taiwan External Trade Development Council (TAITRA), said Tuesday that the bike industry remains resilient and competitive, even though Taiwan is struggling with slow exports.

The exhibition, to be held in the Taipei World Trade Center Nangang Exhibition Hall and TWTC Exhibition Hall 1, will showcase the strength of Taiwan's bike manufacturers, Huang said.

The show will comprise 3,330 booths from 1,112 companies, including Taiwan-based Giant Manufacturing Co., Merida Industry Co., and Japan's Shimano Inc. Also Tuesday, the Taipei Cycle d&i awards, organized by TAITRA and the Taiwan Bicycle Association in collaboration with iF International Forum Design GmbH, were presented.

This year, 47 out of a total of 182 entries from a record number of 19 countries in the competition were able to convince the jury panel and take home awards. (By Huang Chiao-wen and Lee Hsin-Yin)