I just finished making my first Kydex (well, actually Concealex) sheath to complement my Rob Simonich Cetan Tanto kit knife. I'll put everything I did here to show that it CAN be done very cheaply!

Anyway, here's what I had to work with: the Concealex material itself, some black rivets, and some Chicago screws I bought myself at a hardware store. I had no instructions other than what is available through word of mouth on the internet (not really word of mouth, but you get my drift!). The main problem seemed to be how to press everything together. I decided I'd heat the material until it started to fold over, then use an old 100% black cotton t-shirt as a makeshift "press". So, that's what I did! I folded the dhirt several times to make a nice, thick pad on both sides. I heated two pieces of Concealex, placed one on the t-shirt, set the knife where I wanted it, then placed the second sheet of Concealex over it. I folded the t-shirt over and stood on it while shifting my weight around to press the entire thing. It cam out okay, and I used a heat gun and some subsequent oven-visits to get it in its final shape. Instead of describing every detail, here's what I found out:
1) Be careful using the heat gun. The Concealex shifts and expands (or shrinks!) when it is heated, so be careful when doing detail work with the heat gun as it could ruin what you originally achieved. It helps to wear thick leather gloves that you can shield the Concealex you don't want to heat up with.
2) Along with the above info, don't do any drilling or anything until you are sure you want to keep the final shape. Otherwise your holes and slots may not line up correctly.
3) If you want to make a belt-loop, your best bet is to use a blank of metal or wood in the shape you want to the loop to be, then mold hot material around it. Trying to shape one free-hand is next to impossible, from my experience!
4) Along with the belt-loop idea, if you will be carrying the knife parallel to the ground (i.e. along the length of the belt...horizontal carry) you would probably be better off making the back of the sheath flat. So, instead of "double-pressing" like I did, simply lay the knife on a workbench and mold just one layer of Concealex around it, then rivet it with a flat backing piece.
5) I found that for my press, a thinner t-shirt worked better. I originally started with it about an inch thick on both sides, but half that was more appropriate, I found.
6) Even better, I thought using my hands to mold the Kydex worked the best. In gloves, obviously! ;-)
7) Don't bother epoxying the sheets together as it doesn't hold...you have to use rivets or screws.
8) Imagine the final shape and make plenty of space for drilled holes and slots for webbing, screws, etc...only THEN should you finish off the final shaping and make it look nice.
That's all I can think of at this moment. If I can get some Kydex to do a belt loop, then I will have an ugly, although fully-functional and pretty cool, sheath. I could do a 100% better job the second time around, I guarantee it!
Steve Agocs
please email if you need more info!