Bicycling

4/14/2025 |  EXEC: Giant Group March Bike Shipments Turn Negative as Tariffs Hit (SGB UPDATE) Giant Manufacturing Co., Ltd. (Giant Group) shifted back into negative territory with March shipments after a big month for the manufacturer in February.
March shipments declined 5.3 percent year-over-year to NT$6.75 billion, reducing the year-to-date (first quarter) to a growth of 4.9 percent to NT$16.9 billion. The March decline comes on top of a 17.4 percent decline in March 2024, and the first quarter increase cycled against a 20.2 percent decrease in Q1 last year.

4/14/2025 |  Guardian Bikes Inks Financing Deal to Re-Shore Bike Frame Manufacturing to Indiana (SGB UPDATE) Guardian Bikes has closed on a $19 million financing deal with JPMorganChase to launch the first large-scale bike frame manufacturing operation in the U.S.
The new facility, located in Guardian’s manufacturing hub in Seymour, IN, represents a key step in re-shoring a business that was once a cornerstone of American manufacturing but has nearly entirely offshored for decades, principally in Taiwan.

3/12/2025 |  XDS Astana seek time trial edge with colour coding (Reuters Sports) LONDON, March 12 (Reuters) - Professional cycling teams leave no stone unturned in trying to shave off seconds in time trials but XDS Astana have come up with a new approach -- multi-coloured socks and gloves.
In Tuesday's team time trial at the Paris-Nice race, XDS Astana's seven riders all wore eye-catching fluorescent socks and gloves in different shades, but it was not just a fashion statement.

3/11/2025 |  Boyd Cycling Ramps Up U.S. Bike Rims Production as Tariffs Threaten Supply Chain (SGB UPDATE) Boyd Cycling is ramping up U.S. production of its carbon fiber and alloy rims in a move that has reportedly been “years in the making” and strategically planned ahead of the newly imposed tariffs on Chinese imports.
The Greenville, SC-based maker of performance bicycle wheels said the goal of bringing production and jobs to the U.S. “positions Boyd Cycling as a key domestic supplier for cycling brands seeking high-quality, competitively priced alternatives.”

2/12/2025 |  EXEC: Shimano Inc. Sees 2024 Sales Decline on Soft Bike and Fishing Demand (SGB UPDATE) Shimano, Inc. reported that the global economy started to show moderate growth on the back of subsided inflation during fiscal year 2024; however, uncertainty about the outlook increased due to rising tensions in Ukraine and the Middle East, a stagnant Chinese economy, and the changes in leadership in various countries. The observations came in the company’s year-end financial report for the fiscal year ended December 31, 2024.