Key Developments: Core Molding Technologies Inc (CMT)
8.75USD
18 Jun 2013
$-0.05 (-0.57%)
$8.80
$8.72
$8.88
$8.65
11,492
16,522
$9.52
$6.35
Latest Key Developments (Source: Significant Developments)
Core Molding Technologies Inc Announces Chief Financial Officer Transition
Core Molding Technologies Inc announced that it has begun efforts to replace its Chief Financial Officer(CFO), Herman F. Dick, Jr., who informed the Company of his intention to leave his current position in the next few months in order to join the ministry. The Company's efforts to replace its CFO will include both internal and external candidates as part of its succession plan. Full Article
Core Molding Technologies Inc Comments On Q2 2013 Sales Guidance
Core Molding Technologies Inc announced that for the second quarter of 2013, it expects sales to be below the second quarter of 2012. Full Article
Core Molding Technologies Inc Comments On FY 2013 Revenue Guidance
Core Molding Technologies Inc announced that for the first half of 2013, it expects sales to be comparatively below fiscal 2012 levels but expect to see an overall year over year increase in sales for fiscal 2013. Customers and industry analysts are forecasting increases in truck build rates in the second half of 2013. These forecasts combined with recently announced new business and the impact of other new program launches support overall sales growth for 2013. Full Article
Core Molding Technologies, Inc. Elects James L. Simonton As New Chairman Of Board
Core Molding Technologies, Inc. announced that on November 9, 2011 the Board of Directors elected James L. Simonton as Chairman of the Board. Mr. Simonton has served as a Director of Core since May 2010, and from 2000 through 2006 served as its President and Chief Executive Officer. Mr. Simonton replaces Malcolm (Mac) M. Prine as Chairman, who passed away on September 6, 2011. Full Article
Core Molding Technologies, Inc.'s Chairman Malcolm M. Prine Passes Away
Core Molding Technologies, Inc. announced that Malcolm (Mac) M. Prine, Chairman of the Board of Directors, passed away on September 6. Mr. Prine had been Chairman of the Company since its beginning in 1996. No immediate successor to Prine has been announced. Full Article
Core Molding Technologies, Inc. Launches New Business, Manufacturing Plant In Warsaw, Kentucky
Core Molding Technologies, Inc. announced it has established a new operating subsidiary and manufacturing location 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, Kentucky. The facility includes 62,000 sq.ft. 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 (Bob) 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. Our people will be on-site in September and active production is planned to begin early in 2012. The Warsaw operation is expected to employ approximately 40 people. Revenue for the new business is projected to be $5$8 million annually. Full Article
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