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Local coatings company plans expansion, 50 hires

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Locally based KECO Engineered Coatings Inc. has acquired a second location in Indianapolis where it plans to invest $1 million and hire as many as 50 employees by 2013, the company announced Thursday morning.

The company purchased a 40,000-square-foot facility at 1102 W. 16th St. on the west side, adjacent to the downtown Certified Technology Park. KECO said it plans to hire engineers, managers, customer-service representatives and manufacturing workers with average annual wages of $40,000.

KECO, which develops and applies industrial coatings for several industries, currently has 25 employees at its existing Kealing Avenue facility. Projected sales at the second location could reach $3 million by 2013, doubling company revenue, officials said.

Company President Mike Klinge said the new location will enhance its high-volume coating opportunities. The company is planning to move its process-development and performance-racing business to the new facility by the end of next year. The site also includes 2 acres of land to allow for expansion.

The facility is the former home of Industrial Coating Services Inc., which had 75 employees at the site and as many as 250 in Indianapolis before ceasing operations in December 2009. Klinge said the company has rehired some of ICS's former employees.

Work began at the new facility about two months ago, he said.

KECO—founded in 1980 as Klinge Engineered Coatings—also has a facility in North Carolina, which will remain open. Officials explored expanding there before deciding on Indianapolis for "many reasons," Klinge said.

Mayor Greg Ballard joined company leaders for the announcement.

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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