Wales invasion confirmed - BikeBiz

Wales invasion confirmed

The news story from Monday on the second Taiwanese company to set up a bike 'building'factory in Wales has now been confirmed. Here's the official press release. And, like sheep, will other Asian companies follow them? Ad what does this say about indigenous producers who have all moved the other way?
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PEDAL POWER CREATES 160 JOBS AT BANGOR

More than 160 jobs are to be created in Gwynedd by a bicycle

manufacturer which plans to produce 350,000 bikes a year in a Welsh

Development Agency factory at Bangor. It will be one of the biggest

cycle manufacturing operations in Europe.

Cycle Citi Corporation Ltd is locating its European bicycle assembly and

manufacturing plant to a 40,000sq-ft unit on the Llandegai Industrial

Estate on the outskirts of the North Wales city. It will produce

bicycles ranging from mountain bikes to children's bicycles.

The Taiwanese-owned company plans to manufacture 250,000 machines in its

first 12 months of operation and to build up to 350,000 bicycles a year

within three years. The project is being supported by grant aid from the

National Assembly for Wales.

WDA Area Development Director, Iwan Prys Jones said: "One of the key

reasons why Cycle Citi chose Gwynedd was the fact that the WDA had a

suitable factory ready for use. It underlines the vital importance of

having suitable premises available in Objective One areas."

James Chen, Director of Cycle Citi Corporation Ltd. said: "We have been

impressed by the level of support for our project in North Wales. The UK

bicycle market has been growing rapidly over recent years and we are

planning to produce a range of bicycles suitable for children through to

adults, including a folding bicycle and mountain bikes."

Cllr. Alun Ffred Jones, Leader of Gwynedd Council said: "This is great

news. We have been working with the WDA for many months to ensure that

one of Europe's largest bike factories is to be built here in Bangor.

Cycle Citi's announcement shows that it is possible to attract inward

investment to Gwynedd and, hopefully, this is the first of several

projects which we can welcome to the county."

The company plans to begin work next month. A wheel-building facility

will be added to the plant later together, together with an additional

assembly line and a painting operation.

Chris Farrow, the WDA's Managing Director for North Wales, said:

"Currently, Taiwanese imports of bicycles account for an estimated 65

per cent of the total bike sales of 17 million in Europe. Cycle Citi

Corporation Ltd realised they needed to manufacture their products in

Europe and chose North Wales. We look forward to working with the

company in the future."

Mr. Chen added that the WDA's support and assistance in Taiwan and Wales

had played major part in their decision. "The WDA's representative in

Taiwan, Ashley Hines, came to visit us two years ago. He linked us up

with Brian Rees-Jones, the Agency's Inward Investment Manager in North

Wales, and Jane Jones at the Agency's International Division, and this

team provided us with tremendous assistance"

For more information, please contact: Andy Phillips Tel: 029 20 82 8691

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