Core Molding launches new business, facility in Kentucky

Core Molding Technologies' new facility in Warsaw, Ky., will focus on production of large-format parts using a customized fiberglass hand lamination process.

Related Suppliers

Core Molding Technologies Inc. (Batavia, Ohio, USA), a molder of fiberglass-reinforced plastics and compounder of custom sheet molding compound (SMC), on Aug. 22 announced it has established a new operating subsidiary and manufacturing location in Warsaw, Ky., USA, to support a significant new business venture outside its traditional heavy truck customer base.

Core has formed the subsidiary, Core Specialty Composites LLC, to manage the new business. Core Specialty Composites will operate out of a manufacturing site, located in Warsaw. The facility includes 62,000 ft2/5,760m2 of leased manufacturing space. Core’s existing plant in Batavia, Ohio, will provide additional management support to the Warsaw location, and the operation will be under the direction of Robert Brennan, plant manager – Batavia.

Operations initially will include production of large-format parts using a customized fiberglass hand lamination process. Development and staffing activities are underway. The Warsaw operation is expected to employ approximately 40 people. Revenue for the new business is projected to be $5 million to $8 million annually.

“We are excited about this expansion outside our traditional markets,” said Kevin Barnett, president and CEO of Core Molding Technologies. “For some time, we have been focused on growing our business with industries beyond our traditional heavy truck accounts, and this is the latest of several successes in that regard.”

Core’s director of market development, Mark Murfitt, led the effort to launch the new business. “Our work has included a great deal of product development. Additionally, we’ll be utilizing some new process technology for Core,” Murfitt said. “We’re now actively building tooling and acquiring the necessary manufacturing permits and equipment.” Core will lease the building in Warsaw, but will make a capital investment of approximately $1.7 million for equipment and technology to support the operation.

Core will hold a job fair in Warsaw on Tuesday, Aug. 30 at the Gallatin County Extension Office, to discuss opportunities for workers in the new plant and to take applications for employment.