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Peloton to invest $400 million on first US production facility in Ohio

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Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019.

Jeenah Moon | Bloomberg | Getty Images

Peloton said Monday it will invest $400 million to build its first factory in the United States to speed up production and delivery of its popular cycles and high-end treadmill machines.

After vetting a number of locations, it selected a 200-acre site in Troy Township in Wood County, Ohio, to construct more than 1 million square feet of manufacturing, office and amenities space, the company said.

Peloton expects to break ground later this summer on the project, which should bring more than 2,000 jobs to…



Source cnbc.com

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