New Business Wins
Core Molding Technologies secured $47 million of new business in the first half of 2025, surpassing the full-year target for 2024 of $45 million. Key achievements include winning business in aerospace, EV cars, and buses, as well as a significant contract with Volvo Mexico.
Expansion and Investment
The company is investing $25 million to expand its Matamoros plant and establish a new plant in Monterrey, Mexico, to support new business and future growth. These investments are expected to generate $150 million in revenue over the next 7 to 10 years.
Launch of New Revenue Streams
Core Molding Technologies is making strides with its SMC (sheet molding compound) operations, identifying immediately addressable opportunities worth over $200 million. The company is leveraging AI for lead generation and has improved its capacity and consistency in SMC production.
Strong Operational Metrics
The company maintained a 99% on-time delivery rate and a defect rate of 62 PPM, demonstrating a high level of quality and operational excellence. Gross margins remained stable at 18.1% despite revenue declines.
Recognition and Awards
Director of Materials Science, Vinod Arora, received the ACMA Pioneer Award, and CEO Dave Duvall was nominated for a Smart 50 Award, highlighting leadership and innovation within the company.