The company is moving from a two-building facility in Fishers where it makes hydraulic, lubricating oil, and diesel-fuel products.
“We’re out of space,” says Operations Manager, Aaron Hoeg. “We need this new facility and we’re going to fill it up.” He added that the building could be operational by late October.
The facility just north of Nestle USA will eventually employ 107 workers and HyPro has agreed — in writing — to give qualified locals first crack at jobs. Of 52 current employees, roughly a third live in the Madison County area.
In addition to jobs — which average $21 an hour plus benefits — Hy-Pro is expected to invest about $10.5 million in Madison County as it ramps up operations over the next few years.
The city could also expand its current Tax Increment Financing district to include a roughly 50-acre plot that encompasses the new facility, which would recapture some of Hy-Pro’s paid taxes to fund redevelopment projects. The plant is on Anderson’s southwest side near I-69. The Anderson Redevelopment Commission green-lighted the proposal last month, but since it would involve changes to the Anderson’s redevelopment plan, it has to be approved by other city organizations.