Adkev Inc., a family-owned custom plastic injection molding manufacturer, will locate in Boyle County with a nearly $15.7 million investment that is expected to create 70 full-time jobs, Gov. Matt Bevin announced today.

“Adkev is a tremendous success story that highlights how a small startup business can blossom into one of the top performers in its industry,” Gov. Bevin said. “The company’s stature within the automotive and appliance industries, together with its commitment to customers, employees, and community, make it a perfect fit for Kentucky. I congratulate both Adkev and the Boyle County area for this exciting next step in their incredible journey.”

Adkev will locate in a 190,000-square-foot former Caterpillar Inc. facility in Danville making automotive HVAC, electronic and trim components. Company leaders plan to buy the building by year-end, complete a refurbishment then open by mid-2019. The new factory will provide access to the Southeastern US market and improve proximity to customers.

“Expanding into a third facility in the Southeast region is in response to our core mission to provide stability and opportunity to our employees, communities and customers,” said Adkev President Gary Rheude.

Headquartered in Goodland, Ind., Adkev manufactures custom plastic injection molding products for the automotive, appliance and industrial industries. The company also operates a facility in Monticello, Ind., employing more than 350 employees across its two locations.

In 1987, Gary and Cathleen Rheude founded Adkev in their Indiana hometown, naming the company after their sons, Adam and Kevin. Among their first products were bobbins and various plastic components for the electronics industry. Adkev moved to a permanent facility in Goodland in 1993 and expanded to Monticello in 2007. The company has since grown to become one of the top 100 molders out of thousands in the US as ranked by industry publication Plastics News.

 

Source:lex18.com

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