Shimano expands operations in South Carolina
Shimano Inc., the Japanese components maker for bicycles and fishing equipment, is investing in a 22,000 square-foot facility in South Carolina. This will be the company’s second expansion in the area, after opening its Charleston County distribution center in 2002, and enlarging it in 2012.
The new building will be added to the company’s existing operations in the area, and focus on its fishing division. There, the facility will host a customer experience center, letting it directly connect with users of its sports fishing equipment.
Shimano’s American president, Dave Pfeiffer, said: “Shimano’s American growth in South Carolina allows us to become personally and professionally closer to, and deeply connected to, the largest fishing markets in the country.”
Governor Henry McMaster, speaking for the County, said: Our state is leading the way in economic development, and Shimano’s expansion in Charleston Country is yet another testament to that. We’re thrilled to see what the future has in store for this great company, and we wish them years of continued success.”
Victor Rawl, Chairman of Charleston County Council, added: “The growth of Shimano during its 14 years in North Charleston has been truly extraordinary. Their expansion signals a next level of activity for the company, which we salute and wholeheartedly support. Charleston County will look forward to partnering with Shimano well into the future.”
In the ten years between 2005 and 2015, Shimano doubled its sales overall, driven mainly by powerful trends in the sports and casual bicycle market, as well as benefiting from the expanding popularity of sports fishing. As healthcare increases both the longevity and health and fitness of retirees, Shimano expects to retain its customers well into their “silver age”.
Dominion holds Shimano Inc. in its Global Trends Luxury Fund.
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