Core Molding Technologies

Core Molding Technologies, Inc
Company typePublic
AMEX: CMT
Russell Microcap Index component
IndustryRubber & Plastics
Founded1988
Headquarters
Columbus, Ohio
,
United States
Key people
Dave Duvall (CEO) John Zimmer (CFO)
ProductsFiber reinforced plastics and plastic composites
ServicesServices to assist manufacturing and product development
Websitewww.coremt.com

Core Molding Technologies, Inc. was founded in 1988 (its original name was Core Materials Corporation) and now based in Columbus, Ohio. The company manufactures sheet molding compounds (SMC), and molds fiberglass reinforced plastics. It occupies over 1,000,000 square feet of manufacturing space and its main subsidiaries are in Matamoros, Mexico, Gaffney, South Carolina, and Cincinnati, Ohio. In 2011, Core Molding Technologies formed Core Specialty Composites, LLC.[1][2]

History

1980: The predecessor company Columbus Plastic Operations was set up.
1996: The company (firstly named Core Materials Corporation) was set up and acquired Columbus Plastic Operations.[3]
2002: The company changed its name to Core Molding Technologies, Inc.
2011: The company formed Core Specialty Composites, LLC[4]

In March 2013, Core Molding Technologies, Inc. received a significant new business opportunity award from Volvo Group North America LLC.[5]

Products and services

Core Molding Technologies specializes in large-format moldings and provides fiberglass processes, such as compression molding process (SMC, GMT), spray-up, hand lay-up, resin transfer molding (RTM), and reaction injection molding (RIM). Core Molding Technologies mainly produced fiber reinforced plastics and plastic composites such as shielding, vehicle roofs, hoods and so on. Additionally, it provides services for manufacturing and product development, such as custom material formulations, composite mold construction, design for manufacturability and so on.[1][6][7] Next Generation Product Released: Core Molding Technologies' Featherlite® SMC Production Reaches 10,000,000 lbs.[8]

Operations

Research and development

2011.2, The company introduced Featherlite® SMC, with a 1.43 sp.gr (relative density), lighter than standard-density SMC (1.9 sp.gr).
2012, The company introduced N-sulGuard® SMC to support Ag and Construction Equipment and Electrical markets.[4]
2013.8, the company announced Airilite™, an ultra-low density SMC, about 1.18 sp.gr.[9]
2013.10, the company announced the low-density Featherlite® SMC has reached 10,000,000 pounds. This also announced FeatherliteXL™ SMC, the company's second-generation advancement, began to develop.[10]

Awards

Core Molding Technologies, because of its stable supplies, was presented a "Supplier of the Year" award for 2012 by Kautex Textron GmbH & Co. KG., one of the 100 largest global automotive suppliers.[11]

References

  1. ^ a b "Business Summary". Yahoo Finance.
  2. ^ "American Express Company (AXP) Stock Price & News". Google Finance. Retrieved 2024-06-14.
  3. ^ "Core Molding Technologies". datanyze.com. Datanyze. Retrieved 11 July 2023.
  4. ^ a b "Thermoset & Thermoplastic Compression & Injection Molding". CORE Molding Technologies. Retrieved 2024-06-14.
  5. ^ "Core Molding Technologies Announces Significant New Business Award". Yahoo Finance. Archived from the original on 2013-03-25. Retrieved 2017-01-15.
  6. ^ "Products & Services: Core Molding Technologies". www.coremt.com.
  7. ^ "About Core Molding Technologies Inc (CMT)". Reuters.
  8. ^ "Core Molding Technologies' Featherlite® SMC Production Reaches 10,000,000 LBS; Next Generation Product Released - Yahoo Finance". Archived from the original on 2013-12-04. Retrieved 2017-01-15.
  9. ^ "Core Molding Technologies Introduces Airilite™ Ultra-Low Density SMC".
  10. ^ Technologies Inc., Core Molding (2013-10-09). "Core Molding Technologies' Featherlite® SMC Production Reaches 10,000,000 lbs; Next Generation Product Released". www.prnewswire.com. Retrieved 2024-06-14.
  11. ^ Technologies Inc., Core Molding (2013-09-16). "Core Molding Technologies Receives Kautex "Supplier of the Year" Award". www.prnewswire.com. Retrieved 2024-06-14.