SRAM Breaks Ground on a Third Coimbra Factory, Betting 57.5 Million Euros That Europe's Bike Parts Should Be Made in Portugal
The American components maker laid the first stone on Thursday. The AICEP contract signed in May carries 527 jobs, 16.9 million euros of state money and a mid-2028 opening. Coimbra's mayor says a parking rule nearly cost the city the plant.