Bicycle parts maker Shimano seeks growth with new Singapore plant

Chairman expects Southeast Asia to become major market for sports bikes

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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)

AKIRA KITADO, Nikkei staff writer

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.

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