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Giant Bicycles Egypt

  • City: Cairo
  • Country: Egypt
  • Phonenumber: +20 101 122 6036
  • Email: secretary@diadorame.com
  • Website: http://www.giant-bicycles.com/en-in
  • Bicycle sale details: Bicycles, Electric bicycles, Bicycle parts, Bicycle repair and service, Bicycle export, Accessories, Others
  • New or Used: New
  • Listed: October 11, 2017 6:34 pm
  • Expires: 354 days, 1 hour
Giant Bicycles Egypt

Description

Giant was established in 1972 in Dajia, Taichung County (now part of Taichung City), by King Liu and several friends A major breakthrough came in 1977 when Giant’s chief executive, Tony Lo, negotiated a deal with Schwinn to begin manufacturing bikes as an OEM, manufacturing bicycles to be sold exclusively under other brand names as a private label.

As bike sales increased in the U.S., and after workers at the Schwinn plant in Chicago went on strike in 1980, Giant became a key supplier, making more than two-thirds of Schwinn bikes by the mid-1980s, representing 75% of Giant’s sales. When Schwinn decided to find a new source and in 1987 signed a contract with the China Bicycle Company to produce bikes in Shenzhen, Giant, under new president Bill Austin (formerly vice-president marketing at Schwinn), established its own brand of bicycles to compete in the rapidly expanding $200-and-above price range. In 1984, Giant also set up a joint venture, “Giant Europe,” with Andries Gaastra of Dutch bicycle manufacturer Koga-Miyata. In 1992, Gaastra sold his shares back, and Giant became a full shareholder of Giant Europe.

By 2014, Giant had sales in over 50 countries, in over 12,000 retail stores. In 2007, its global sales surpassed 5 million bicycles and US$820 million in global revenue, and by 2012 it had reached 6.3 million bicycles and revenue of US$1.8 billion

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Listing ID: 75159de6427677f3

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