Custom injection molder Adkev Inc. is expanding and upgrading its plant in Monticello, Ind.
The private firm will invest more than $1.1 million to add injection molding machinery and related automation equipment. It plans to add two 245-ton presses and one each with clamping forces of 720, 500, 85 and 110 tons.
JSW will supply the machinery, Adkev senior sales engineer John Durlacher said in a telephone interview. We have some growth opportunity, he said.
All the new work is automotive-related, Durlacher said, but he would not give details.
Adkev's investment includes a production monitoring system at the 187,000-square-foot plant.
The company expects to add 20 jobs with the expansion. It will conduct an employee training program and seek ISO 14001 certification, aided by a $64,000 grant from the Indiana Skills Enhancement Fund.
Decisions like the one Adkev Inc. is making to continue to invest in Indiana reflects a growing confidence in the business climate in our state, said Mitch Roob, secretary of commerce and chief executive officer of Indiana Economic Development Corp., in a news release.
Adkev molds heating, venting and air conditioning components and interior lighting for the automotive industry and other end markets.
The firm was founded in 1995 in Goodland, Ind. It employs more than 200 in Goodland and Monticello, about 90 miles northwest of Indianapolis.