By José Martinez
A plastic molding company is investing millions of dollars in Matamoros and Monterrey this year as it expands its operations in the region, including the creation of Volvo heavy-truck sleeper roofs starting next year.
Core Molding Technologies Inc., a publicly traded Ohio-based parts molder incorporated in 1996 with facilities in Canada, the U.S. and Mexico, expects to spend anywhere from $18 to $20 million this year as part of its deepening investment in Mexico.
The Mexico expansion will “position us closer to our customers and align our business to capitalize on long-term growth opportunities,” the company’s president and chief executive officer, Eric Palomaki, said on a Tuesday conference call with analysts. Core declined to comment.
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