Metal Powder Products (MPP), a global provider of custom-engineered powder metallurgy product solutions, says it plans to expand its operations in Hamilton County, moving a manufacturing division from Solon, Ohio, to Indiana and creating up to 80 new jobs by 2020. The company has already hired 51 new employees since planning its job growth last year.
The Noblesville-based company, which is a portfolio company of Mill Point Capital, will invest $1.5 million to equip and repurpose its 60,000-sq. ft. facility at 14670 Cumberland Rd. to significantly increase its production capacity in Indiana and accommodate the new division, metal injection molding (MIM) manufacturing. With the investment, MPP will dedicate more space – 40,000 sq. ft. – to manufacturing while the remaining 20,000 square feet will be equipped to serve as office space and to support R&D capabilities. Limited production of the company’s MIM manufacturing is currently underway and will be fully operational this spring.
“Indiana has a strong reputation for making products that power our world, and we’re also developing new solutions and advancing innovative technologies that are driving industries forward,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “With a fiscally-sound, pro-growth business climate and talented workforce, global businesses like MPP have the confidence to expand their capabilities here and create new, skilled jobs for Hoosiers.”
In 2018, the IEDC offered MPP up to $500,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. The City of Noblesville is offering permit assistance in support of the project, and Duke Energy approved additional incentives to offset a portion of the energy costs.