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The US factory will replace the other one.
As Timmah said they are moving to an area close to many auto plants and hope to market product to them.
Hopefully someone doesn’t just buy Time for the composite technology and shut down bicycle products.
davidual-
I stole the time picture above from @Sig_Arlecchino so maybe the other one is more appropriate for future reference.
Thankshallots
I thought they were going yo open an additional factory in the US rather than moving?