Industry Fitness industry Number of locations Worldwide Products Fitness equipments Founded 1975 | Founder Peter Lo Area served Worldwide | |
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Stock price 1736 (TPE) NT$ 45.45 -0.25 (-0.55%)13 Mar, 1:30 PM GMT+8 - Disclaimer Subsidiaries Horizon Fitness, Inc. Profiles | ||
Johnson Health Tech. Co., Ltd. (abbreviated JHT) is a multinational company engaged in the manufacturing and sale of exercise equipments. It is headquartered in Taichung, Taiwan. JHT's products include treadmills, stationary bicycles, elliptical trainers, weight training machines etc. The company has manufacturing plants in Shanghai and Taiwan, and R&D centers in Shanghai, Taiwan, and North America. It is the winner of two Taiwan Excellence Awards.
Some of the subsidiary companies owned by Johnson Health Tech are:
JHT is present in the Indian market through contracts with Snap and Gold's Gym. In June 2010, it expanded its presence in the India by making a three-year contract with Talwalkars regarding the supply of gym equipments. Before June 2010, JHT's annual sale in India was 2 million USD. As of 2009, 7.5% of JHT's global revenue, amounting 23 million USD, comes from the Chinese market.
Controversy
In August 2015, Johnson Health Tech was fined $3 million by the United States Consumer Product Safety Commission for failing to report defects in its Matrix Fitness Ascent and Elliptical trainers. The commission was not notified promptly of multiple reports of smoking, fires, and melted power components. Johnson Health Tech agreed to pay the fine but did not admit to the charges.