Giant officially announced a the Eurobike trade show that it was going to build a new headquarters and R&D center in the Central Taiwan Science Park in Taichung City. Giant Global Group's president, Tony Lo, said that the company needed the new facilities for product expansion. Sales of mid- to high-end bikes are growing in China, partly because of a growing awareness of the importance of fitness among the Chinese. Next year Giant figures its sales from China, its largest market, will grow by 15 percent to about $942 million, on top of this year's expected 40 percent increase. Construction on the new headquarters will start next year.

Topics