COLUMBUS, Ohio, June 22, 2015 /PRNewswire/ -- Core Molding
Technologies, Inc. (NYSE MKT: CMT) is set to join the broad-market
Russell 3000® Index at the conclusion of the Russell indexes annual
reconstitution on June 26, 2015
according to a list of final additions posted on June 19, 2015 at Russell 3000 additions
website.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000Ò Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
"We are extremely proud of the Company's achievements over the
past few years including multiple supplier of the year awards from
our customers, producing our two millionth truck hood and
delivering meaningful growth and solid financial performance.
Being added to the Russell 3000 is another one of these milestone
events," said Kevin L. Barnett,
President and Chief Executive Officer. "We look forward to a
broader group of potential investors learning the Core story,"
Barnett continued.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the
Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 1000 and the Russell
reconstitution, go to "Recon Central" section on the FTSE Russell
website.
About Core Molding Technologies, Inc.
Core Molding Technologies, Inc. is a manufacturer of sheet
molding compound (SMC) and molder of fiberglass reinforced
thermoset and thermoplastic materials. Core specializes in
large-format moldings and offers a wide range of fiberglass
processes, including compression molding of SMC, glass mat
thermoplastics (GMT) and bulk molding compounds (BMC); compression
and transfer molding of direct long-fiber thermoplastics (D-LFT);
spray-up, lay-up, resin transfer (RTM) and vacuum resin transfer
molding (V-RTM). Additionally, the company offers reaction
injection molding (RIM) of dicyclopentadiene (DCPD). Core serves a
wide variety of markets, including the medium and heavy-duty truck,
marine, automotive, agriculture, construction and other commercial
products markets. Headquartered in Columbus, Ohio, Core maintains plants in
Columbus and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; and Matamoros, Mexico. For further information,
visit the company's website at www.coremt.com.
This press release contains certain forward-looking
statements within the meaning of the federal securities laws. As a
general matter, forward-looking statements are those focused upon
future plans, objectives or performance as opposed to historical
items and include statements of anticipated events or trends and
expectations and beliefs relating to matters not historical in
nature. Such forward-looking statements involve known and unknown
risks and are subject to uncertainties and factors relating to Core
Molding Technologies' operations and business environment, all of
which are difficult to predict and many of which are beyond Core
Molding Technologies' control. These uncertainties and factors
could cause Core Molding Technologies' actual results to differ
materially from those matters expressed in or implied by such
forward-looking statements.
Core Molding Technologies believes that the following
factors, among others, could affect its future performance and
cause actual results to differ materially from those expressed or
implied by forward-looking statements made in this report: business
conditions in the plastics, transportation, marine and commercial
product industries; federal and state regulations (including engine
emission regulations); general economic, social and political
environments in the countries in which Core Molding Technologies
operates; safety and security conditions in Mexico; dependence upon certain major
customers as the primary source of Core Molding Technologies' sales
revenues; efforts of Core Molding Technologies to expand its
customer base; the actions of competitors, customers, and
suppliers; failure of Core Molding Technologies' suppliers to
perform their obligations; the availability of raw materials;
inflationary pressures; new technologies; regulatory matters; labor
relations; the loss or inability of Core Molding Technologies to
attract and retain key personnel; federal, state and local
environmental laws and regulations; the availability of capital;
the ability of Core Molding Technologies to provide on-time
delivery to customers, which may require additional shipping
expenses to ensure on-time delivery or otherwise result in late
fees; risk of cancellation or rescheduling of orders; management's
decision to pursue new products or businesses which involve
additional costs, risks or capital expenditures; and other risks
identified from time-to-time in Core Molding Technologies' other
public documents on file with the Securities and Exchange
Commission, including those described in Item 1A of the 2014
Annual Report to Shareholders on Form 10-K.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 80 countries,
covering 98% of the investable market globally and trading on over
25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Leading asset
owners, asset managers, ETF providers and investment banks use FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance. FTSE Russell is also focused on
index innovation and client collaboration as it seeks to enhance
the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
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SOURCE Core Molding Technologies, Inc.