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Bicycle parts maker Shimano seeks growth with new Singapore plant

Chairman expects Southeast Asia to become major market for sports bikes

Chairman Yozo Shimano said in an interview on Feb. 16 that demand for sports bikes is increasing in Southeast Asia as the economy develops. (Photo by Arisa Moriyama)

SAKAI, Japan -- Shimano, the world's largest bicycle parts maker, will use its new plant in Singapore as a hub for exploring Southeast Asia's high-potential market for sports bikes, Chairman and CEO Yozo Shimano said.

"Our Singapore plant is controlling our major overseas factories," he told Nikkei Asia in an exclusive interview. He continued that as demand for bicycles increases in Asia and Latin America, its Singapore plant, which mainly makes midrange components, will become even more important.

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