A company that designs and builds stainless steel propellers for water craft is expanding to Greenfield.
Yamaha Marine Precision Propellers (YPPI), Inc. broke ground July 8 on a new 54,000 square foot manufacturing facility on the Barr South property in the 1600 block of West New Road.
“This is the largest expansion we have ever experienced at YPPI,” said Jonathon Burns, YPPI General Manager. “YPPI looks forward to developing our workforce with a strong pool of manufacturing talent. We’re proud to be a part of the growth in the community and we’re excited to show the people of Greenfield what YPPI has to offer through innovative technology and as an employer of choice.”
Burns told an audience of city and county officials at the groundbreaking ceremony that the company had three goals in building the new facility: keeping up with the high demand for propellers, building a facility where YPPI can use the latest manufacturing equipment and processes to increase output, and creating a better place for employees to work, where they have the best tools and facilities to do their jobs.
The company said in a news release that once the expansion is complete, YPPI will have the necessary infrastructure and workforce to increase annual propeller production from 60,000 to more than 100,000.
“Propellers are part of the integrated system that boats need today,” said Burns. “This facility will allow us to increase what we offer to our customers. It will also allow us to try new more efficient manufacturing technologies that will increase quality and reduce costs.“
YPPI also plans to add 30 new jobs, increasing its workforce to 200 employees, split between the new Greenfield facility and the Indianapolis facility. The $18.3 million investment includes 81 jobs in Greenfield. Construction is expected to be completed in mid-2020.
Earlier this year, the Greenfield City Council offered tax abatement and approved the creation of an economic revitalization area for the property.
“The key to this project is that it’s a multi-phase project whereby YPPI will substantially grow their existing production and could expand into other lines of production within Yamaha Marine as well,” said Randy Sorrell, executive director of Hancock County Economic Development Council.
Hancock Economic Development Council is proud to serve the communities of Hancock County, Indiana.
For more information, contact Executive Director Randy Sorrell at 317-477-7241 or e-mail firstname.lastname@example.org.