Three recently announced advanced manufacturing projects — one in the carbon fiber bicycle and two in the lithium-ion battery industries — will create a total of over $1.6 billion in investment and more than 700 jobs in Spartanburg, Chester, and Richland counties, South Carolina.
TIME Bicycles will invest $6.5 million to establish its first South Carolina operations in Spartanburg County, where it will build the nation’s largest carbon fiber bicycle factory. The France-based company plans to create 105 new jobs. A subsidiary of Cardinal Cycling Group (CCG), TIME pioneered carbon fiber technology in professional cycling and manufactures bicycles that have won Olympic gold, multiple world championships, the Paris-Roubaix and numerous stages of the Tour de France.
