March 22, 20214 yr https://www.google.com/amp/s/www.wtol.com/amp/article/news/local/amazon-air-gateway-toledo-express-airport/512-8e460ff8-1f80-4404-bfe7-14525669e0fb Amazon Air at Toledo Airport.
May 25, 20214 yr Well this is kind of a big deal for Northern Ohio. Ohio selected as site for Peloton’s 1st US manufacturing factory https://www.google.com/amp/s/www.cleveland19.com/2021/05/24/ohio-selected-site-pelotons-st-us-manufacturing-factory/%3foutputType=amp
May 25, 20214 yr 20 minutes ago, freethink said: Well this is kind of a big deal for Northern Ohio. Ohio selected as site for Peloton’s 1st US manufacturing factory https://www.google.com/amp/s/www.cleveland19.com/2021/05/24/ohio-selected-site-pelotons-st-us-manufacturing-factory/%3foutputType=amp Not too far from the Port of Toledo. I wonder if that played any sort of role?
May 25, 20214 yr 9 hours ago, freethink said: Well this is kind of a big deal for Northern Ohio. Ohio selected as site for Peloton’s 1st US manufacturing factory https://www.google.com/amp/s/www.cleveland19.com/2021/05/24/ohio-selected-site-pelotons-st-us-manufacturing-factory/%3foutputType=amp There are now going to be work out enthusiast from all over the world making pilgrimages to the Port of Toledo, driving down to Wood County, and watching their peloton be built and picking out their peloton material from the factory shop along with pain an exorbitant amount for overpriced T-shirts at the peloton shop. This is going to be bigger than Disney WorldThis is going to be bigger than Disney World
May 25, 20214 yr 10 hours ago, freethink said: Well this is kind of a big deal for Northern Ohio. Ohio selected as site for Peloton’s 1st US manufacturing factory https://www.google.com/amp/s/www.cleveland19.com/2021/05/24/ohio-selected-site-pelotons-st-us-manufacturing-factory/%3foutputType=amp Located well beyond the reach of the nearest transit route, and thus well beyond the reach of a large, untapped labor pool. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 25, 20214 yr 1 hour ago, KJP said: Located well beyond the reach of the nearest transit route, and thus well beyond the reach of a large, untapped labor pool. It is Peloton. Maybe they expect all employees to ride bicycles to work? 🤷♂️
May 25, 20214 yr 2 hours ago, Cleburger said: It is Peloton. Maybe they expect all employees to ride bicycles to work? 🤷♂️ Naw the whole point of Peloton is to get some cycling in without dealing with weather or people. :)
May 25, 20214 yr 5 hours ago, Brutus_buckeye said: There are now going to be work out enthusiast from all over the world making pilgrimages to the Port of Toledo, driving down to Wood County, and watching their peloton be built and picking out their peloton material from the factory shop along with pain an exorbitant amount for overpriced T-shirts at the peloton shop. This is going to be bigger than Disney WorldThis is going to be bigger than Disney World The Port for shipping lol. But actually, it would sorta be cool to see them take the lead on event sponsorship and overall promotion for cycling and wellness. In that case the factory could be a destination. Like Nike in Oregon. I mean, if the factory wasn't being located so far off in the woods.
June 9, 20214 yr First Solar to double U.S. panel-making capacity with new plant near Toledo Brian Eckhouse - Bloomberg - June 9, 2021 "First Solar Inc., the largest U.S. solar-panel maker, plans to invest $680 million in a new factory in Ohio to more than double its manufacturing capacity in the country. ... The 1.8-million square foot (170,000 square meter) facility in Lake Township, Ohio, is expected to begin operations in the first half of 2023, contingent on permitting and approval of state, regional and local incentives. The company expects the facility to create about 500 jobs and plans to fund construction with existing cash resources." First Solar to build 3rd plant, add 500 jobs Jon Chavez - The Blade - June 9, 2021 "Displaying high confidence in the U.S. solar industry in general and northwest Ohio specifically, solar panel maker First Solar Inc. said it will invest $680 million to build a third manufacturing plant in the Toledo area by 2023, doubling its production capacity and creating 500 jobs. ... First Solar’s current operations in Wood County have the capacity to produce 2.7 gigawatts worth of panels annually. The new plant will add another 3.3 gigawatts, bringing total production capacity to 6 gigawatts annually. The entire U.S. solar panel production capacity is expected to reach 11 gigawatts once the new First Solar facility is online. ... If there was any doubt that northwest Ohio is the solar capital of North America, that has been erased, Mr. Koralewski added."
August 11, 20213 yr Ground is broken in Wood County for Peloton's 1st US manufacturing facility LUCKEY, Ohio — Gov. Mike DeWine and Lt. Gov. Jon Husted visited Wood County on Monday to deliver remarks at the groundbreaking ceremony of Peloton Output Park. The new facility in Luckey will be Peloton's first dedicated factory in the United States. Peloton manufactures workout bikes and treadmills, as well as accessories and apparel. ... The factory will be located at the Eastwood Commerce Center near U.S. Route 20. The facility will sit on more than 200 acres and will consist of manufacturing, office and amenities space. ... The project is expected to create 2,174 jobs with a capital investment of $401 million. Production is set to start in 2023. Many are calling this work a win for Ohio and specifically Wood County. "Peloton could have gone anywhere. They could have gone anywhere in the world," DeWine said. "They came here and this was a fierce competition. We won." The search to bring a facility stateside took two years, with company executives looking at states like Michigan and Georgia. But ultimately Ohio, specifically Wood County, beat out all the competition. MORE: https://www.wtol.com/article/news/local/gov-dewine-lt-gov-husted-to-give-remarks-at-the-groundbreaking-of-peloton-factory-in-wood-co/512-c4d33936-914e-42c3-a2d0-3eb2d5d46116
January 20, 20223 yr https://www.cnbc.com/2022/01/20/peloton-to-pause-production-of-its-bikes-treadmills-as-demand-wanes.html Not looking good for the planned Peloton factory in Wood County. If they can't even use their current manufacturing capacity, highly doubt that they will need the new space. Their stock price has crashed over the past several months too.
January 20, 20223 yr 25 minutes ago, OliverHazardPerry said: https://www.cnbc.com/2022/01/20/peloton-to-pause-production-of-its-bikes-treadmills-as-demand-wanes.html Not looking good for the planned Peloton factory in Wood County. If they can't even use their current manufacturing capacity, highly doubt that they will need the new space. Their stock price has crashed over the past several months too. I doubted whether this was really going to happen...such a huge plant announced so quickly.
February 8, 20223 yr Peloton is scrapping plans to build its own factory https://www.businessinsider.com/peloton-factory-ohio-scrap-plans-construction-bike-treadmill-john-foley-2022-2 Peloton is scrapping plans to build its own $400 million factory making its treadmills and bikes in Ohio. "The company is winding down the development of its Peloton Output Park (POP) manufacturing plan," it said in a statement Tuesday. This would result in $60 million in restructuring capital expenditures, it said. =================================== Looks like it's official now. Not sure what to think of this entire connected-home-fitness sector at this point. Obviously, the prices of publicly traded companies in the space (PTON in particular) have collapsed. I see equipment advertised all the time on my FB feed: Peloton, Mirror, Tonal, Tempo, NordicTrack Vault, Hydrow, Ergatta. I'm starting to see some discounts on those pieces of equipment, but nothing that can't be explained by normal post-Christmas clearance. Not the kind of firesale prices you'd expect if the sector were really collapsing and glutted with inventory it needed to liquidate. Though I've also heard that the equipment isn't really sold at that much of a markup (meaning that companies will be reluctant to cut it past the point where they'll at least break even) and the real money is in the connected subscriptions--the razor-and-blade model, in a sense.
February 11, 20223 yr more: Peloton’s problems aren’t just Peloton’s The company’s downfall could spell trouble for its peers. By Rebecca Heilweil Feb 9, 2022, 1:00pm EST Peloton is spiraling, and its downfall could be a harbinger of real trouble for an entire industry. The at-home digital exercise company is one of several that thrived during the pandemic and promised to change forever how we work out. But now, it’s not clear if they’ll be around to finish the at-home fitness revolution they started. There’s no denying that the pandemic made working out at home extremely popular. After gyms were forced to close their doors, people canceled their memberships and invested in exercise equipment and online class subscriptions instead. So much so that companies like Peloton couldn’t keep up with demand, leaving many customers to wait months for their bikes and treadmills to be delivered. But Covid-19 restrictions didn’t last forever. Eventually, when gyms started reopening, people stopped buying — and using — exercise equipment with the same enthusiasm they had in the spring of 2020. more: https://www.vox.com/recode/22925513/peloton-recall-gyms-nordictrack-mirror
February 11, 20223 yr 4 hours ago, mrnyc said: more: Peloton’s problems aren’t just Peloton’s The company’s downfall could spell trouble for its peers. By Rebecca Heilweil Feb 9, 2022, 1:00pm EST Peloton is spiraling, and its downfall could be a harbinger of real trouble for an entire industry. The at-home digital exercise company is one of several that thrived during the pandemic and promised to change forever how we work out. But now, it’s not clear if they’ll be around to finish the at-home fitness revolution they started. There’s no denying that the pandemic made working out at home extremely popular. After gyms were forced to close their doors, people canceled their memberships and invested in exercise equipment and online class subscriptions instead. So much so that companies like Peloton couldn’t keep up with demand, leaving many customers to wait months for their bikes and treadmills to be delivered. But Covid-19 restrictions didn’t last forever. Eventually, when gyms started reopening, people stopped buying — and using — exercise equipment with the same enthusiasm they had in the spring of 2020. more: https://www.vox.com/recode/22925513/peloton-recall-gyms-nordictrack-mirror While it sucks the imminent opening of a factory and associated jobs is not happened, at least this facility will get built out to probably a core and shell, that could then be fit-out by a new company looking for manufacturing space, for much cheaper than building ground up. This may give NW Ohio a leg up over competing sites for whatever company may be looking. Hopefully Peleton is fair on the sale price and is not too extreme in trying to use the sale of this facility to make up for losses elsewhere.
February 12, 20223 yr 17 hours ago, Mov2Ohio said: While it sucks the imminent opening of a factory and associated jobs is not happened, at least this facility will get built out to probably a core and shell, that could then be fit-out by a new company looking for manufacturing space, for much cheaper than building ground up. This may give NW Ohio a leg up over competing sites for whatever company may be looking. Hopefully Peleton is fair on the sale price and is not too extreme in trying to use the sale of this facility to make up for losses elsewhere. Start the Amazon facility timer now....
February 13, 20223 yr On 2/12/2022 at 9:56 AM, Cleburger said: Start the Amazon facility timer now.... One enormous Amazon warehouse and one regional delivery warehouse opened in Rossford (very close to Peloton) and Southwyck in the Toledo area in the last two years. Warehouse space is pretty tight in Toledo, so this will probably be filled up soon. Edited February 13, 20223 yr by westerninterloper
August 31, 20222 yr First Solar announces $185 million expansion for NW Ohio factories. TOLEDO, Ohio (WTVG) - First Solar said it will invest $185 million in upgrading and expanding its Northwest Ohio manufacturing footprint, currently the largest vertically-integrated complex of its kind in the Western Hemisphere, by 0.9 GWDC. As part of its plans, First Solar will invest in expanding the capacity of its two operating facilities in Perrysburg and Lake Township, Ohio, by 0.6 GWDC to 3.6 GWDC of annual Series 6 module capacity. The company will also expand its third Ohio factory, expected to be commissioned in the first half of 2023, to 3.5 GWDC of annual Series 7 module capacity. The expansion will increase First Solar’s total investment in its Ohio manufacturing facilities to over $3 billion, with a cumulative annual production capacity of over 7 GWDC by 2025. “In passing the Inflation Reduction Act of 2022, Congress and the Biden-Harris Administration has entrusted our industry with the responsibility of enabling America’s clean energy future and we must meet the moment in a manner that is both timely and sustainable,” said Mark Widmar, chief executive officer, First Solar. More at link below: https://www.13abc.com/2022/08/30/first-solar-announces-185-million-expansion-nw-ohio-factories/
September 25, 20222 yr https://www.toledoblade.com/business/development/2022/09/23/gm-pledges-760-million-to-turn-toledo-transmission-into-ev-parts-hub/stories/20220922141 GM to invest $760 million in Toledo transmission plant to build EV components.
November 3, 20222 yr First Solar to invest $270m to build R&D center in Perrysburg Township. Article is unfortunately behind paywall. https://www.toledoblade.com/business/energy/2022/10/27/first-solar-project-perrysburg-township-center/stories/20221027126
December 10, 20222 yr Sheetz announces plans to expand to Toledo, Detroit in 2025 Sheetz has announced that it will be expanding to new locations in Toledo and Detroit in the coming years. According to a spokesperson for Sheetz, the Mid-Atlantic restaurant and convenience store chain will be expanding to the Toledo area in 2025. Sheetz also confirmed it will be expanding into Michigan, with the first location projected to open in 2025 starting in the Detroit market. “We are thrilled to continue our growth into Michigan and bring the ultimate one-stop-shop to people across the state,” said Travis Sheetz, president and CEO of Sheetz. “Sheetz is dedicated to being a great employer and neighbor, and we cannot wait to put those values into action as we expand into our first new state in two decades.” More below: https://www.13abc.com/2022/11/29/sheetz-expand-toledo-detroit-2025/ "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
December 15, 20222 yr Abbott picks Bowling Green for new formula plant that will create 450 jobs “Abbott has picked Bowling Green for a new manufacturing plant that will make powder nutritional products. Abbott, which also has a plant in Columbus, will invest $536 million and create 450 jobs at the plant, the latest in what has been a string of announcements by the state of new manufacturing projects including projects from Intel, Honda, Ford and General Motors. “We’re building this plant for additional capacity to produce these important specialty and metabolic formulas that families rely on,” Robert B. Ford, Abbott's chairman and CEO, said in a news release. “Abbott has long been part of Ohio, and we’re proud to become part of the local community in Bowling Green.” Abbott's Bowling Green project is contingent on the approval of state and local incentives. JobsOhio, the state's economic development arm, plans to provide assistance for the project. Those details will be released after a final agreement is executed. Groundbreaking is expected to take place in 2023 and construction should be finished in 2026.“ https://www.dispatch.com/story/business/manufacturing/2022/12/15/new-abbott-nutritional-plant-will-create-450-jobs-in-bowling-green/69731333007/
January 13, 20232 yr BP beginning construction on 107-megawatt solar project in Gorham Township. Meta (Facebook) to be a consumer of the energy. https://www.wtol.com/article/tech/science/climate-science/fulton-county-solar-field-project/512-6da178bd-e4c4-48d0-acda-991b7296fa6a
January 2, 20241 yr Toledo to be #1 hottest housing market in US in 2024 https://www.realtor.com/news/trends/the-top-10-real-estate-markets-of-2024-youll-never-guess-which-ones-made-the-cut/
November 22, 2024Nov 22 self inflicted troubles for jeep — Jeep prices have gone through the roof. Buyers are bailing and dealers are furious By Chris Isidore, CNN 5 minute read Updated 10:58 AM EST, Thu November 21, 2024 … The problems at Stellantis are not limited to Gladiator or even to Jeep. The Ram truck brand has also struggled to keep up with truck offerings from General Motors and Ford. Dodge has cut some of its popular models in anticipation of electric versions. Chrysler, once the company’s core brand, is essentially down to one model, the Pacifica minivan, arguably the weakest segment of the US market. The day after the US presidential election, Stellantis announced it would cut one of two shifts at its Toledo Assembly Complex South plant, which builds the Gladiator, indefinitely laying off about 1,100 workers. more: https://www.cnn.com/2024/11/21/business/stellantis-jeep-woes/index.html
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