Powder Metallurgy Firm Invests $1.5M in Indiana Plant

Powder metallurgy company Metal Powder Products (MPP) plans to relocate its manufacturing division from Solon, OH to a new facility in Noblesville, IN, the Indiana Economic Development Corporation (IDEC) announced Wednesday in a release. The firm will invest $1.5 million to repurpose a 60,000-sq-ft facility in Hamilton County and acquire new equipment.

Once work on the site is completed, the facility will be utilized by MPP’s new Metal Injection Molding (MIM) Manufacturing division. 40,000 sq ft of the new facility will be used for manufacturing and 20,000 sq ft will become space for offices and R&D activities. 

“We are very excited with regard to the move to Noblesville, and the state of Indiana and city of Noblesville has been exceptionally helpful during this process,” the firm’s chief executive officer, Dennis McKeen, said in a statement. “MPP sees a very bright future for our MIM operations with very rapid growth.”

While some production at the facility is currently underway at the Indiana facility, MPP expects the facility to be fully operational this spring. 

MMP manufactures custom-engineered metal components using powder metallurgy and MIM processes for end users in a wide range of industries, including automotive and medical. The company currently operates eight facilities in the U.S. and China. 

About 80 new jobs are expected to be created by 2020 as a result of MPP’s investment. Based on the positions MPP intends to open at the site, IDEC awarded the company up to $500,000 in conditional tax credits and up to $100,000 in training grants.

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