NEW YORK (BRAIN) — Peloton Interactive, Inc. has selected Troy Township in Wood County, Ohio, for its first U.S. factory. The factory will begin producing Peloton's Peloton Bike, Bike+ and Peloton Tread starting in 2023, the company said. It said Peloton will commit approximately $400 million to the facility over the coming years.
"We are thrilled to bring a good portion of our manufacturing to United States soil and proud that it will be in the great state of Ohio," said Peloton's CEO and co-founder John Foley. "While we will continue to invest in our Asian manufacturing footprint as well as our existing facilities in the U.S. via our Precor sites, the new Peloton Output Park gives us a massive strategic lever to make sure we have capacity, quality, and economies of scale in our bike and tread product lines, to support our continued growth for years and years to come. We are incredibly excited to meet and welcome the Troy Township community into the Peloton family fold."
Peloton Output Park is expected to sit on over 200 acres and have more than one million square feet of manufacturing, office, and amenities space. The facility will be built from the ground up in the center of Troy Township. On campus, Peloton plans to incorporate renewable energy sources to power its operations.
"The pandemic has demonstrated the need to on-shore manufacturing and rebuild supply chains, and Peloton's decision to build its first North American manufacturing facility in Ohio is a great example of an American company stepping up and leading that effort," said Ohio's Gov. Mike DeWine. "Ohio is excited to partner with Peloton's forward-looking leadership team in developing a new, state-of-the-art facility using connective technology, and creating 2,174 new manufacturing jobs in Wood County."
Peloton expects to add more than 2,000 jobs to the Troy Township area across executive, managerial, and entry-level opportunities. Positions will span corporate, manufacturing, assembly and quality assurance functions, it said.
