Composites molder Core Molding Technologies Inc. is launching a unit to develop sales in different markets, with a new plant in Kentucky.
Core Specialty Composites LLC will operate out of a plant in Warsaw, Ky. Production should launch in early 2012. Columbus-based Core will supplement production from its plant in Batavia, Ohio.
Mark Murfitt, market-development director, will oversee the launch. Contract issues do not allow the firm to disclose details now, he said by phone Aug. 23.
Core already makes parts for the commercial-truck, marine and auto markets.
The Warsaw plant will employ 40 and Core expects it to generate $5 million to $8 million in revenues annually.
Core Specialty Composites will use a variation on an existing process technology, Murfitt said. Core Molding already produces parts using sheet molding compounds, long-fiber thermoplastics, vacuum resin transfer molding, bulk molding compounds, hand and spray layup of fiberglass and resin transfer molding.
Core is investing $1.7 million in equipment and technology at the plant and is currently building tooling for the operation.