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France-Based TIME Bicycles Plans Spartanburg County, South Carolina, Carbon Fiber Bicycle Factory

France-based TIME Bicycles, a leading carbon fiber bicycle manufacturer, will establish a carbon fiber bicycle factory in Spartanburg County, South Carolina. The $6.5 million project is expected to create 105 jobs.

The company will renovate an existing 140,000-square-foot facility located at 19810 Asheville Highway in Landrum where it will produce industry leading carbon fiber bicycles and components using its exclusive resin transfer molding technology in conjunction with Clemson University, KraussMaffei and the SC Competes SC Fraunhofer USA Alliance initiative. Operations are scheduled to begin in the fourth quarter.

“After two years of planning, we are thrilled to announce Spartanburg County as the TIME USA factory location. The infrastructure that exists within this region for advanced manufacturing is unrivaled. Through our collaboration with Clemson University, KraussMaffei and The SC Fraunhofer USA Alliance, we look to produce the most advanced carbon fiber bicycles in the world, with technologies and partnerships in place to rival production out of Asia,” TIME Bicycles CEO Tony Karklins said.

As an incentive the Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $400,000 Set-Aside grant to Spartanburg County to assist with the costs of building improvements.

“South Carolina’s robust advanced manufacturing attracts world-class companies like TIME Bicycles that understand the power of doing business here. Congratulations to TIME Bicycles on its significant investment, and we look forward to developing a strong partnership,” Secretary of Commerce Harry M. Lightsey III noted.

Founded in France in 1987, TIME is one of Europe’s most significant cycling brands, pioneering carbon fiber technology in professional cycling. A subsidiary of Cardinal Cycling Group, the company manufactures bicycles that have won Olympic gold, multiple world championships, the Paris-Roubaix and numerous stages of the Tour de France.

“Time Bicycles is a company built on making the best bikes in the world by utilizing innovation, technology and design. They are pushed by the challenge of constant improvement in mobility, and we are so proud that they have chosen Spartanburg County and the Upstate for their new facility,” Upstate SC Alliance President and CEO John Lummus added.

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