Giant reports 13 percent higher consolidated sales of 53.5 billion New Taiwanese dollars (€1.4bn-$1.8bn) for its last financial year. Europe represented 27 percent of the total turnover, North America 22 percent, Asia-Pacific 40 percent and the rest of the world 11 percent. The Taiwanese bike company plans to open a new global headquarters and R&D center in Taichung by 2016. Giant's current head office will be turned into a factory.