North Manchester-based MPS Egg Farms and Italy-based agbioscience company Hello Nature have announced plans to partner on a $50 million fertilizer manufacturing operation in Wabash. The companies say the project involves the construction of two facilities totaling nearly 300,000-square feet and will employ 46 people.
The partners say the joint venture, Bionutrients, will combine high-quality raw materials and cutting-edge technologies to produce organic field nutrients.
“We believe that this new production facility will be a turning point for the North American market,” said Luca Bonini, Hello Nature’s chief executive officer. “Today the fertilizer industry undergoes multiple challenges such as rising prices, logistics issues and shortage of inputs, and there is a desperate need for innovative solutions to feed a growing population with less inputs and less land available.”
Hello Nature, which was renamed from Italpollina early last year, operates its North American headquarters and two facilities in Anderson.
MPS says the project will enhance its operations.
“After a thorough review of potential sites in two states, we determined Wabash was the most attractive location and allowed us to expand at home,” said Dan Krouse, vice president of operations at MPS Egg Farms. “We couldn’t be more thrilled to make this investment and hire more Hoosiers in Wabash County.”
The Indiana Economic Development Corp. says it has committed up to $490,000 in job creation-based tax credits. The partners will break ground this spring, with the facility fully operationally in the summer of 2023.