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Peloton announces first factory in the US

The $400 million facility is scheduled to open in 2023.

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Peloton bike
Peloton

On Monday, fitness equipment maker Peloton announced it will open its first dedicated factory in the US. The Peloton Output Park -- "the POP," for short -- will manufacture the Peloton Bike, Bike Plus and Tread products.

The factory, set to be functional by 2023, will be built in Troy Township in Wood County, Ohio. The new factory will sit on over 200 acres of land, provide around 2,000 jobs to the region and use renewable energy sources, according to a press release.

"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. 

Peloton's announcement about the new factory came a few weeks after the company's recall of its Tread and Tread Plus treadmills, which caused about 70 accidents, including the death of a child. 

Worldwide, Peloton has more than 5.4 million members. In its press release, Peloton CEO and co-founder John Foley said the company "will continue to invest in our Asian manufacturing footprint as well as our existing facilities in the U.S. via our Precor sites" in order to meet growing demand. 

The information contained in this article is for educational and informational purposes only and is not intended as health or medical advice. Always consult a physician or other qualified health provider regarding any questions you may have about a medical condition or health objectives.