COLUMBUS, Ohio, Aug. 6, 2015 /PRNewswire/ -- Core Molding
Technologies, Inc. (NYSE MKT: CMT) announced today that
Andrew O. Smith has been appointed
to its Board of Directors. Mr. Smith is the Chief Operating Officer
for Yenkin-Majestic Paint Corporation/OPC Polymers, a privately
held manufacturer of coatings resins, architectural paints, and
industrial coatings serving industrial and retail customers
primarily in North America. In his current position, Mr.
Smith oversees the resin and industrial coatings divisions and has
executive responsibility for manufacturing operations, finance,
information technology, legal, research and development and
strategic planning.
Mr. Smith serves on the board of Yenkin-Majestic Paint
Corporation / OPC Polymers, the Buckeye Institute for Public Policy
Solutions, and several other non-profit organizations. He is a
member of the bar of the State of New
York and is active in community, religious, and professional
organizations including the National Association of Manufacturers
and the American Coatings Association. Mr. Smith earned an
engineering degree from the School of Engineering and Applied
Science and a finance degree from the Wharton School, both at the
University of Pennsylvania. He also
earned a JD and an MBA from the University of Chicago. A
native of Bath, Maine, he now
lives in Columbus, Ohio.
"We are pleased to have Andrew join the Board and look forward
to his contributions to the Company. Andrew's extensive experience
and background in the industrial space will bring additional
insights to support the Company's operational initiatives," said
James L. Simonton, Chairman of the
Board of Core Molding Technologies, Inc.
"Andrew's manufacturing operations knowledge and company
leadership skills will be a fine complement to the diverse talents
of our current Board members. We are excited to have Andrew as part
of the Core team," Simonton continued.
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 may contain 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.
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SOURCE Core Molding Technologies