LeMond Composites Archives - Oak Ridge Today

NNSA purchases LeMond building

Posted at 7:03 pm December 29, 2021
By John Huotari Leave a Comment

LeMond-Composites-Building-Aug-30-2016-2-Web

The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.

Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.

The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.

In the five or six years since those announcements, there have been few signs of activity at the facility when Oak Ridge Today has stopped by, although company executives have held out hope, when contacted, that their projects could still proceed.

The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.

The sale price was $6.9 million, and the NNSA had 18 months to buy the building under an option-to-purchase agreement, the first of its kind for the agency. The sale was completed December 15. The NNSA is part of the U.S. Department of Energy, and it maintains the nation’s nuclear weapons stockpile, among other activities.

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The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.

Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.

The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.

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Greg LeMond, three-time Tour de France winner, to speak at fundraiser Tuesday

Posted at 6:23 pm December 11, 2017
By Oak Ridge Today Staff Leave a Comment

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Greg LeMond, three-time Tour de France champion, celebrated the announcement of LeMond Composites, a new company he co-founded, during a ceremony on Wednesday afternoon, Oct. 12, 2016, at Heritage Center in west Oak Ridge. The company is expected to make composite bicycles and carbon fiber, and invest $125 million and create 242 new jobs. (Photo by John Huotari/Oak Ridge Today)

Greg LeMond, the only American to win the Tour de France, will speak about “The Adventure of My Life—from the Tour de France to Carbon Fiber” on Tuesday in a fundraiser for Oak Ridge Playhouse and 1in6.org, a press release said. The talk is scheduled to start at 7:30 p.m. Tuesday, December 12, at Oak Ridge Playhouse in historic Jackson Square in Oak Ridge. It’s presented by UT-Battelle. Event tickets (and pre-event reception tickets) are available at www.orplayhouse.com. One hundred percent of the proceeds will be used to support both Oak Ridge Playhouse and 1in6.org, the press release said. LeMond won the Junior American Road Race in 1977, made the Olympic team in 1980 (but America boycotted), and continued to rise in the ranks of international cyclers, ultimately winning the Tour de France three times, the press release said. His first win in 1986 was followed by a near-fatal hunting accident, requiring months of recuperation. This comeback climaxed when LeMond won his second Tour de France in 1989 by a mere eight seconds, the press release said. After being invited to the White House by Ronald Reagan and named Sports Illustrated’s Sportsman of the Year in 1989, LeMond won his third Tour de France in 1990. LeMond retired from professional racing in 1994; two years after his retirement, he was inducted into the US Bicycling Hall of Fame. [Read more…]

LeMond Composites strikes agreement to accelerate commercialization of low-cost carbon fiber

Posted at 11:30 am July 14, 2017
By David Cusick Leave a Comment

LeMond Composites of Oak Ridge has entered into a global, exclusive 20-year licensing agreement with Deakin University in Australia to commercialize their patent pending manufacturing process to increase production of high performance, low-cost carbon fiber, a press release said.

The licensed process will enable LeMond Composites to commercialize carbon fiber production faster than anyone else currently in the marketplace, the press release said.

“This means LeMond will deliver more of its low-cost carbon fiber faster to industries that benefit from using lighter, stronger materials, like those addressing global energy and transportation challenges,” the press release said.

“Deakin University’s process oxidizes carbon fiber faster, with lower capital and energy costs and greater output of carbon fiber over a shorter period,” said Nicolas Wegener, chief operating officer of LeMond, who negotiated the $44 million dollar deal. “The process requires 75 percent less energy and also reduces the amount of process equipment by 75 percent. These factors make the production of low-cost carbon fiber scalable at a velocity that can keep up with the market demand.” [Read more…]

Photos: LeMond Composites opening celebration

Posted at 9:21 pm October 13, 2016
By John Huotari 2 Comments

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Greg LeMond, center, three-time Tour de France champion, celebrated the opening of LeMond Composites, a new company he co-founded, during a ceremony on Wednesday afternoon, Oct. 12, 2016, at Heritage Center in west Oak Ridge. The company is expected to make composite bicycles and carbon fiber, and invest $125 million and create 242 new jobs. Behind LeMond is Nicolas Wegener, LeMond Composites chief operating officer. At left is Thomas Zacharia, ORNL deputy director for science and technology. (Photo by John Huotari/Oak Ridge Today)

A new company co-founded by Greg LeMond, a three-time Tour de France champion, will make composite bicycles and carbon fiber for other products in Oak Ridge, and the business, called LeMond Composites, will invest $125 million and create 242 new jobs, officials said during a Wednesday afternoon ceremony. Here are photos from the ceremony. [Read more…]

LeMond Composites to make carbon fiber, composite bicycles—invest $125 million, create 242 jobs

Posted at 8:32 pm October 13, 2016
By John Huotari Leave a Comment

Greg LeMond, three-time Tour de France champion, celebrated the opening of LeMond Composites, a new company he co-founded, during a ceremony on Wednesday afternoon, Oct. 12, 2016, at Horizon Center in west Oak Ridge. The company is expected to make composite bicycles and carbon fiber, and invest $125 million and create 242 new jobs. (Photo by John Huotari/Oak Ridge Today)

Among the officials celebrating the opening on Wednesday were LeMond, and Tennessee Economic and Community Development Commissioner Randy Boyd.

Carbon fiber has advantageous properties, but cost has been a barrier to using it, said Connie Jackson, chief executive officer of LeMond Composites. She said the manufacturing process has been changed to reduce production cost.

“We have overcome a significant part of the cost barrier,” Jackson said.

Carbon fiber is light, stiff, and strong, making it the perfect material for advanced composites in a variety of applications. It can be used to improve efficiency, save energy, and build or repair vehicles and planes, wind turbines and containers, and bridges and tunnels. [Read more…]

Last seven days have been great for Oak Ridge, mayor says; read presentation here

Posted at 2:23 pm September 9, 2016
By Oak Ridge Today Staff 3 Comments

Warren Gooch (2016 file photo by John Huotari/Oak Ridge Today)

Note: This is a lightly edited version of a presentation that Oak Ridge Mayor Warren Gooch gave to the East Tennessee Economic Council on Friday, September 9.

It is a pleasure for me to be here this morning as I begin my 22nd month as mayor and to share my thoughts about the positive direction of our city, and why that is important to you and your companies. First, I want to thank you for supporting Oak Ridge and investing your time and your money here.

My family and I have lived in Oak Ridge for 23 years. But my law firm, Kramer Rayson, has been involved in one way or another with Oak Ridge from its earliest days when our founding partner, Russell Kramer, received a call from an old friend in Washington. (Gooch tells a story about a telephone call with President Roosevelt.)

By any standard, the last seven days have been great for Oak Ridge and have increased the excitement that is being expressed about the momentum of our city.

First, demolition has accelerated at the old mall as construction for Main Street Oak Ridge ushers in a new and exciting era for our community. The tax increment financing (TIF) loan for Main Street had closed, and so has the loan for the new Marriott hotel that is being built. The importance of Main Street Oak Ridge to the image and self-confidence of our city and the economic vitality of Oak Ridge, Anderson, and Roane counties cannot be overstated. The success of Main Street and the continued redevelopment of our center city’s retail, residential, and commercial properties is my number one priority. We must work hard to maintain this momentum and take full advantage of it in the coming months. If we are successful, it will help you recruit the new workers you require for your businesses.

Second, LeMond Composites announced its licensing agreement with Oak Ridge National Laboratory and that the company is coming to Oak Ridge to manufacture innovative, high-volume, low-cost, carbon fiber in the Horizon Center Industrial Park.

Third, the National Park Service named Kris Kirby as the superintendent of the Manhattan Project National Historical Park. [Read more…]

Oak Ridge supports ORNL, LeMond Composites carbon fiber partnership

Posted at 8:38 am September 1, 2016
By City of Oak Ridge Leave a Comment

Jones LeMond Watson and Creswell Aug 31 2016

Pictured above at a meeting on Wednesday, Aug. 31, 2016, on a new carbon fiber partnership between Oak Ridge-based company LeMond Composites and Oak Ridge National Laboratory are, from left, Steve Jones (Oak Ridge economic development consultant), Greg LeMond (LeMond Composites), Mark Watson (Oak Ridge city manager), and Wade Creswell (president of The Roane Alliance). (Photo by City of Oak Ridge)

By City of Oak Ridge

The City of Oak Ridge is proud to support the recent announcement that LeMond Composites, a new company in Oak Ridge offering solutions for high-volume and low-cost carbon fiber, has secured a licensing agreement with Oak Ridge National Laboratory.

The news was made public on August 29 in a release from LeMond Composites. The company, founded earlier this year by three-time Tour de France champion Greg LeMond, focuses on making carbon fiber composites with global applications. The agreement with ORNL will make LeMond Composites the first company to offer these newly developed products to the transportation, renewable energy, and infrastructure markets.

LeMond Composites plans to build their first carbon fiber production line at their recently purchased facility on Palladium Way at Horizon Center in west Oak Ridge. Their first commercially available product is expected to be ready in early 2018.

“I am ecstatic about this unique technological application for carbon fiber in our community,” Oak Ridge Mayor Warren Gooch said. “We look forward to working with LeMond Composites to create jobs and further investment in Oak Ridge.” [Read more…]

LeMond, Tour de France champion, plans production in Oak Ridge, thinks area could be world hub for carbon fiber

Posted at 9:35 pm August 30, 2016
By John Huotari 2 Comments

Greg LeMond at the Carbon Fiber Technology Facility

Three-time Tour de France champion Greg LeMond, right, chairman and co-CEO of LeMond Companies, which owns LeMond Composites, tours ORNL’s Carbon Fiber Technology Facility. (Image courtesy of Oak Ridge National Laboratory, U.S. Department of Energy)

A new carbon fiber company that includes three-time Tour de France champion Greg LeMond plans to build a carbon fiber production line in west Oak Ridge to make composites for use in transportation, renewable energy, and infrastructure, and LeMond thinks the Knoxville area will become the world hub for carbon fiber.

The new company, LeMond Composites, has signed a licensing agreement with Oak Ridge National Laboratory, and it has purchased the former Theragenics building at Horizon Center, where CVMR, an international company that uses ore concentrates to create pure metal powders, had once planned to locate its headquarters and research and development.

LeMond Composites closed on the property, which includes about 21 acres, on July 21 for $5.4 million. It’s right next to ORNL’s Carbon Fiber Technology Facility, or CFTF, at Horizon Center. Renovations at the former Theragenics building are already under way.

Carbon fiber is light, stiff, and strong, a press release said. That makes it the perfect material for advanced composites in a variety of applications, including transportation, renewable energy, and infrastructure, the release said. It can be used to improve efficiency, save energy, and build or repair vehicles and planes, wind turbines and containers, and bridges and tunnels.

But the biggest obstacle to its widespread use has been its high cost. [Read more…]