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Bicycle parts maker Shimano invests $179m to build Singapore plant

Vehicles' low risk of virus transmission spurs demand amid pandemic

Shimano is building a new plant in Singapore's Jurong Innovation District as its existing factory deteriorates. (Photo by Lim Weixiang and Shimano)

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.

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