Bicycle parts maker Shimano seeks growth with new Singapore plant

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.

"Our Singapore office is controlling all our overseas factories," he told Nikkei Asia in an exclusive interview. He continued that as demand for bicycles increases in Asia and Latin America, its Singapore plant, which mainly makes midrange components, will become even more important.