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Industry News

After EU Investigation Taiwan Steps Up Fight Against Fraud of Rules of Origin

TAIPEI, Taiwan - Last Tuesday Taiwans parliament passed the review of a draft bill to step up the fight against fake origin labels and certificates of origin. The bill was initiated by Taiwans Minister of Economic Affairs after the government identified several companies that tagged Chinese products with fraudulent labels of origin in an attempt to avoid anti-dumping tariffs imposed by the EU on Chinese exports. This triggered the EU to launch an investigation into various Taiwan-made labelled p...

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Golden Wheel Group (Totem Bikes) Announces 10 Million Euro Investment in European E-Bike Facility

DOLNI DOBROUC, Czech Republic - Tianjin Golden Wheel Bicycle Group Co. Ltd recently announced plans for the investment of some 10 million euro in a new Czech Republic based facility that is to have a capacity for assembling 180,000 e-bikes annually. The Chinese company already expanded its Totem branded e-bike production in the country last September....

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Comodule Starts Telematic Devices Production in Europe

TALINN, Estonia - Driven by high demand for internet-of-things (IoT) devices for electric scooters and bikes Comodule recently opened its own factory near its headquarters in Tallinn, Estonia. It enables the company to produce up to 20,000 telematics devices per month....

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MIPS' 2019 Sales Slow Down Due to US-China Trade War

T�BY, Sweden - In the first half of 2019 safety products supplier MIPS reported hiking results. However, the harsh US import tariffs on Made in China products slowed down sales in the third quarter. The Swedes still are confident about the overall 2019 financial results and the outlook for 2020....

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