Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China.
MPP says it has already hired 51 employees as part of the transition, and plans to add 29 over the next two years. It is currently hiring for skilled labor positions. The company expects the new division to be fully operational this spring.
"We are very excited with regard to the move to Noblesville, and the state of Indiana and city of Noblesville have been exceptionally helpful during this process," said MPP Chief Executive Officer Dennis McKeen in a release."MPP sees a very bright future for our MIM (metal injection molding) operations with very rapid growth."
The Indiana Economic Development Corp. offered MPP up to $600,000 in conditional tax credits and training grants based on the job creation plans. The city of Noblesville and Duke Energy have also offered incentives.