Peloton Announces Comprehensive Program to Reduce Costs and Drive Growth, Profitability, and Free Cash Flow marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
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.
Some of you may refer to work as being on a treadmill. Does that apply if you're actually building treadmills?
Peloton, the fitness company with "smart" exercise bikes and treadmills, says it will invest $400 million for a U.S. factory in Troy, Ohio, just south of Toledo.
Peloton Output Park …
By Kelly Fisher
May 24, 2021
The first Peloton production factory in the U.S. is coming to northern Ohio, the company revealed Monday (May 24).
The selection comes after “a rigorous selection process,” Peloton states in a press release. Peloton Output Park is slated to break ground this summer and open in 2023, producing the Peloton Bike, Bike + and Peloton Tread.
The company will commit about $400 million to the new facility, the release states. 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, Peloton s CEO and co-founder