Advanced Powder Products receives $3 million funding for equipment and expansion
Advanced Powder Products, Inc. (APP), Philipsburg, Pennsylvania, USA, a company specialising in Metal Injection Moulding and metal Additive Manufacturing, has received almost $3 million from the Pennsylvania Industrial Development Authority (PIDA). The funding will enable APP to invest in new machinery and expand its Philipsburg facility, following a fire that damaged the site in February 2023.
The company was approved through the Moshannon Valley Economic Development Partnership (MVEDP) for a fifteen-year, $2.25 million loan, as well as a seven-year Machinery and Equipment Loan Fund (MELF) loan totalling $700,928.
According to the state press release, APP will use the PIDA loan to construct a new 2,700 m2 building. The MELF loan will allow the company to invest in new CNC machinery, moulding equipment, and robotics. The total project cost is $7.47 million and is expected to create fifteen new full-time jobs and retain 165 full-time jobs.
Local news outlet The Progress reported that MVEDP Executive Director Stan LaFuria has worked with APP owner Don Heaney since 2002, a year after the creation of the Moshannon Valley Regional Business Park at which Heaney and his partner bought a 1.49-acre plot. “We are very pleased to be working with the owner and staff of Advanced Powder Products on their expansion efforts,” LaFuria said.
APP Controller Andy Shoop told The Progress, “We continue to see a huge opportunity for our Metal Injection Moulding technology even after the fire we experienced last year. This expansion project will allow us to continue to serve and grow with our customers, create new jobs in the area, and become America’s best and biggest Metal Injection Moulding company.”
“We sincerely appreciate the support from MVEDP and PIDA,” Shoop added. “APP has created roughly 100 new jobs since the first time we worked with Stan and PIDA for financing 2019. Our goal is to continue on our growth path. We’re currently looking for engineers, technicians, and other supporting roles throughout the company.”
www.advancedpowderproducts.com
