Core Molding Technologies Receives Kautex "Supplier of the Year" Award

    Core Molding Technologies Receives Kautex "Supplier of the Year" Award

PR Newswire

COLUMBUS, Ohio, Sept. 16, 2013

COLUMBUS, Ohio, Sept. 16, 2013 /PRNewswire/ --Core Molding Technologies, Inc.
(NYSE MKT: CMT), a leading North American compounder of custom sheet molding
compound (SMC) and molder of fiberglass reinforced plastics, today announced
it was presented a "Supplier of the Year" award for 2012 by Kautex Textron
GmbH & Co. KG., one of its automotive customers.

Kautex presented the award during its annual Supplier Days conference in
June. "Core has been a reliable supplier to Kautex for several years,"
commented Philip D. Irving, Vice President Integrated Supply Chain for
Kautex. "For 2012, we feel Core's performance was distinctive and worthy of
recognition as one of our top three North American suppliers," he continued.

Core supplies a variety of underbody shield products to several Kautex plants
in the U.S. and Mexico, from its plants in Matamoros, Mexico, Columbus, and
Gaffney, S.C. "We are very pleased to receive this award from a key customer
who is a Tier 1 supplier to automotive OEMs," said Terry O'Donovan, Vice
President, Marketing and Sales for Core Molding Technologies. "Over the last
five years, we have increased our focus on the automotive market, and to
achieve this recognition from a global automotive customer is evidence of our
ability to provide value to this demanding industry." Core products are used
on assemblies that Kautex ships to automotive plants throughout North America.


Kautex Textron GmbH & Co. KG is one of the 100 largest global automotive
suppliers and is the market leader in four of its six product lines, which
include fuel systems, selective catalytic reduction (SCR) systems, CWC
Camshafts and "clear vision" systems. A division of Textron (NYSE: TXT),
Kautex is headquartered in Bonn Holzlar, Germany, employs approximately 5,400
people and recorded 2012 sales of approximately $1.84 Billion USD.


Core Molding Technologies, Inc. is a manufacturer of sheet molding compound
(SMC) and molder of fiberglass reinforced plastics. 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); spray-up, lay-up, resin transfer (RTM) and vacuum
resin transfer molding (V-RTM). Additionally, the company offers liquid
molding 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. Headquartered in Columbus, Ohio,
Core maintains plants in Columbus and Batavia, Ohio; Gaffney, South Carolina
and Matamoros, Mexico. For further information, visit the company's website at

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 Item1A of the 2012
Annual Report to Shareholders on Form10-K.

SOURCE Core Molding Technologies, Inc.

Contact: Mark Murfitt, (614) 675-2070
Press spacebar to pause and continue. Press esc to stop.