Indiana Economic Digest | Indiana
Advanced Search

• Most Recent

home : most recent : property tax November 25, 2015

10/23/2012 8:25:00 AM
Hy-Pro Filtration moving headquarters to Anderson from Fishers

Stuart Hirsch, Herald Bulletin

ANDERSON — City officials say a maker of industrial filtration products will move its company headquarters and manufacturing operation to Anderson from Fishers early next year.

Hy-Pro Filtration will invest $10.5 million to construct a 122,500-square-foot building on 17 acres just north of Nestlè USA’s production facility.

In addition to Hy-Pro’s headquarters, the project includes manufacturing, assembly and warehouse facilities, Anderson economic development officials said.

Moreover, the company is committed to employing 107 people at an average hourly wage of $21, plus benefits.

Hy-Pro Filtration makes a wide range of filtration products for hydraulic, lubricating oil and diesel fuel, that are used by industrial customers for heavy equipment operations worldwide.

“Anderson is thankful that another business new to Anderson has found a home,” said Mayor Kevin Smith in a prepared statement. “Hy-Pro offers high quality products and affords good employment opportunities for our community.”

Smith added that Hy-Pro is the ninth new jobs announcement his administration has made this year.

In July, Greenville Technologies Inc. unveiled plans to build a new $21.4 million plant here that’s expected to create 325 new manufacturing jobs.

A month later, Nestlè expressed interest in investing $166 million in its existing facility that would create an additional 104 jobs. A final announcement is pending approval from Nestlè’s European headquarters.

Also in August, a new company called Impact Container Inc., which makes specialized air cargo containers, chose Anderson for its new production facility. The company is expected to invest $1 million and create 175 jobs over the next four years.

Interim Economic Development Director Greg Winkler said the numbers associated with those announcements include 1,067 jobs and $206 million in new investment in Anderson.

The city has offered the company $1.9 million in tax increment financing (TIF) based on the company’s property investment and employment numbers.

“This is a great company with cutting edge products, research and development and a flexible manufacturing process that will enable future growth and expansion,” Winkler said.

Hy-Pro chose Anderson after an extensive search of communities in Washington state and Indiana, company officials said. A number of current company employees already live in Anderson.

“We are excited to be part of the economic development that is happening in Anderson,” Hy-Pro President Larry Hoeg said. “We talked to several communities about relocating our operation and I can confidently say that Anderson understands what it takes to create an environment where manufacturers can flourish.”

Hoeg added that the company appreciates the strong manufacturing heritage in Anderson and the capabilities of its skilled work force.

“We are going to build a state-of-the art manufacturing facility, and we look forward to a shoulder-to-shoulder partnership with the community of Anderson.”

2015 Community Newspaper Holdings, Inc.

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

Software © 1998-2015 1up! Software, All Rights Reserved