Peloton Interactive Inc. plans to build its first U.S. factory in Troy Township, Wood County, Ohio. The $400 million multi-year project is expected to create over 2,000 jobs spanning corporate, manufacturing, assembly and quality assurance functions.
According to company officials, Peloton Output Park, a state-of-the art factory, will be dedicated to producing Peloton's award-winning Peloton Bike, Bike+ and PelotonTread starting in 2023. Peloton expects to break ground on the site in Summer 2021.
The factory will sit on over 200 acres and have more than one million square feet of manufacturing, office, and amenities space, making it one of the largest connected fitness manufacturing plants in the world, company officials explained. The facility will be built from the ground up in the center of Troy Township, company officials explained, and house the latest in industrial technology and automation to make products more efficiently and to ensure quality unit assembly. On campus, Peloton plans to incorporate renewable energy sources to power its operations.
"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 will be the latest addition to the company's growing global manufacturing network that includes third-party partners in Asia and Peloton's own facilities. Peloton will have more than one and a half million square feet of owned and leased manufacturing space just in the United States, including the Precor facilities in North Carolina and Washington state.
"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 Governor 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's site selection in Troy Township is contingent upon final approvals from state and local officials. The company is working closely with community leaders, such as JobsOhio, the Ohio Development Services Agency and the Regional Growth Partnership, to bring the project to Wood County and make sure this new location complements the existing Troy Township community.