The booming heavy-truck industry is prompting a $4.6 million expansion by composites maker Core Molding Technologies Inc. at its Columbus manufacturing site.
The company plans to put $1 million into a building expansion and $3.6 million into new equipment for its sheet molding compound production line, Core spokesman Herman Dick Jr. said in a Jan. 31 telephone interview. The company also expects to add 80 employees to the 280 already in the manufacturing unit.
Core has another 100 employees in Columbus at its headquarters facility.
The plans are contingent upon final approval of local and state tax incentives but are slated to provide capacity for two new contracts - one for a truck roof, the other for a hood. Core will handle the molding as well as some assembly, Dick said.
Core's major customers - truck makers International Truck & Engine Corp., Freightliner LLC and Paccar Inc. - have seen sales climb the past few years.