Time Bicycles unveils plans for carbon frame factory in South Carolina

URLhttps://www.bicycleretailer.com/industry-news/2023
SourceBicycle Retailer
Date Published03/23/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name TIME Bicycles
Parent companyCardinal Cycling Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):105
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):6.5
Country(ies) from which reshored:Slovakia
City reshored to:Landrum
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Hobbies (subset of Miscelaneous)
Product(s) reshoredcarbon fiber bicycles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Image/brand, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Set-Aside grant to Spartanburg County to assist
Government Incentive dollar amount:400,000
Find Reshoring Articles