TOKYO/OSAKA -- Japanese bicycle parts maker Shimano is investing about 20 billion yen ($179 million) to build a new plant in Singapore amid a surge in demand in the wake of the coronavirus pandemic, its newly appointed president, Taizo Shimano, has told Nikkei Asia.
As consumers gravitate toward bicycles as a transportation method with a relatively low risk of coronavirus transmission, the demand for bikes and related products is skyrocketing globally.
