Core Molding Technologies Publishes Its 2nd Annual Sustainability Report

COLUMBUS, Ohio, April 29, 2024 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. (NYSE American:  CMT) (“Core Molding,” “Core” or the “Company”), a leading engineered materials company specializing in molded structural products, principally in building products, industrial and utilities, medium and heavy-duty truck and powersports industries across the United States, Canada, and Mexico today announced the release of its second annual Sustainability Report, which focuses on its Environmental, Social, and Governance (ESG) approach and strategies.

Dave Duvall, the Company’s President, and Chief Executive Officer, commented, “We are excited to publish our second annual Sustainability Report to show our team's progress since last year. This report highlights our accomplishments in 2023 and progress on our important 30 X 30 targets to reduce Core’s energy consumption, greenhouse gas emissions, and landfill waste by 30% by the end of our fiscal 2030.”

“As an organization, we are steadfast in our commitment to further advance our environmental stewardship, diversity & inclusion, and corporate governance. These commitments benefit not only the Company, our employees, and the communities we serve, but also reduce risk to our business and promote long-term shareholder value,” reiterated Duvall.

Core’s Sustainability Leader, Roberto Cervantes, stated, “We are dedicated to meaningful progress toward our 30 X 30 programs and making significant advances across all high materiality areas. Notably, we have improved GHG Scope 1, Electricity Usage, and Waste Management KPIs, a testament to the intensive efforts from the Core Molding team and unwavering support from the Board and leadership.”

To access the CMT Sustainability Report, please visit https://coremt.com/sustainability/.

About Core Molding Technologies, Inc.

Core Molding Technologies is a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America. The Company operates in one operating segment as a molder of thermoplastic and thermoset structural products. The Company’s operating segment consists of one reporting unit, Core Molding Technologies. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These thermoset processes include compression molding of sheet molding compound (“SMC”), resin transfer molding (“RTM”), liquid molding of dicyclopentadiene (“DCPD”), spray-up and hand-lay-up. The thermoplastic processes include direct long-fiber thermoplastics (“DLFT”) and structural foam and structural web injection molding. Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies’ products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies’ operations may change proportionately more than revenues from operations. For more information, please refer to the Company’s website at www.coremt.com.