The American multinational SRAM has announced an investment of €57 million in its new unit in Coimbra. This project aims to produce all the components needed to assemble a bicycle from scratch in Portugal.
The investment will receive 30% state support, complementing the company's initiative to expand its operations in the country.
According to reports, the new unit will result in the creation of 530 new jobs, thereby contributing to the development of the local economy.
This is SRAM's third unit in Portugal, reflecting the company's strategy to consolidate its presence in the European market. The announcement was reported by several sources, including Observador and Notícias ao Minuto.
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