Adkev, Inc., an injection and insert molding manufacturer, will invest $11 million to expand its manufacturing facility in Monticello, Indiana, with plans to create up to 60 new jobs by 2016. The homegrown-Hoosier company will expand, renovate and equip its existing 183,000 square-foot facility in Monticello, adding 40,000 square feet of manufacturing space. The expansion will include installation of new injection molding machines, doubling Adkev's production capacity.
"Adkev's growth is in response to everyone's hard work to continuously meet our customers' demand and constantly improve our delivery, quality and customer support," said Jeremy Kyser, plant manager at Adkev's Monticello facility. "Our customers are rewarding our efforts by giving us more work. While Monticello, Indiana, was one option for expansion, our corporate team was also being asked regularly to consider opening up new facilities in Tennessee, Alabama and Mexico. With the support of our local and state officials and suppliers such as NIPSCO, we are successfully finding opportunities to improve our competitiveness and continue to grow in Indiana."
The company, which provides custom injection molding, insert molding and value-added assembly services to the automotive, appliance and electrical industries, is a tier-2 supplier to most automotive original equipment manufacturers. It produces HVAC and interior and exterior car components, as well as coil windings used in light ballast assemblies across the country.
Adkev, which currently employs 315 full-time Indiana associates, including 85 Hoosiers in Monticello, plans to hire production technicians, quality auditors, machine setup technicians, supervisors, quality engineers and customer service representatives to coincide with renovation completions.
"Indiana is leading the charge in the national race to win manufacturing jobs," said Gov. Mike Pence. "With a laser sharp focus on building Indiana into the best place in the world to start or grow a business, we take great pride in offering homegrown-Indiana companies like Adkev a climate conducive to creating more Hoosier jobs. From our low taxes to our knowledgeable workforce, Indiana is a state that works for manufacturing."