 In 2007, Merida invested $7 million to renovate its 35-year-old factory in Taichung, without halting production.Merida has been co-sponsor of the Multivan Merida Biking Team, with athletes such as José Antonio Hermida Ramos and Gunn-Rita Dahle Flesjå, and of bicycle racing events such as the TransUK and TransWales mountain bike races.Since 2004, the team has been scoring over 30 World Cup wins as well as Olympic gold and silver medals.