Troy Twp: Peloton says site a lever for future growth

By constructing a manufacturing facility in Troy Township, to be called Peloton Output Park, Peloton management sees the company giving itself a lever in reaching markets in the future.
“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,” said John Foley, the company’s chief executive officer and co-founder.
Peloton Output Park is projected to sit on 200 acres and include more than one million square feet of manufacturing, office and amenities space.
The company plans to invest $400 million in the facility which will manufacture the Peloton Bike, Bike+ and Peloton Tread. A groundbreaking is expected later this summer and production will begin in 2023.
The Troy Township facility will be the latest addition to the company’s global manufacturing network that includes third-party partners in Asia and Peloton’s own facilities, the company said. With the Peloton Output Park, the company will have more than 1 ½ million square feet of owned and leased manufacturing space in the U.S., including the Precor facilities in North Carolina and Washington.
The company expects to add more than 2,000 jobs when the Troy Township project is up and running.
Gov. Mike DeWine said the pandemic has caused the manufacturing sector to re-think distribution systems.
“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,” the governor said. “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.”
The press release issued by Peloton said the site selection in the township is contingent on approval from state and local officials and the company has been working with JobsOhio, Ohio Development Services Agency, and Regional Growth Partnership to bring the project to Wood County and ensure the location “complements the existing Troy Townhip community.”
Matt Brinker, a township trustee, said Wednesday the board of trustees is waiting to review all the relevant documents before issuing a statement on the project.
He said drawings, site plans and other documents are “trickling in” and the board could complete its review in about a week.