$Υ$ Polarization at HERA-$B$

The production of $\Upsilon$ mesons in fixed target $pN$ collisions is considered. It is shown that Non-Relativistic QCD predicts $\Upsilon$ states to be produced with sizeable transverse polarization. The possibility of a measurement of the $\Upsilon$ polarization at the HERA-$B$ experiment is discussed.