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.
5,000+ business leaders across the Valley start their day with us.
Join them free!
RGV Business Journal is the only newsroom dedicated exclusively to the business and economic forces driving South Texas and the border economy.
Our subscribers get:
Try it free for 30 days.
Start My Free Trial$9.95/month after trial. Cancel anytime.
RGV Business Journal Staff
Staff
Most Read
- USMCA won’t die in 2026 — but it’s entering a new, uncertain phase, RGV trade expert says
- Mission lands one of its largest private investments with $50M aluminum manufacturing plant
- Data center proposed inside former Walmart near Port of Brownsville
- Vice President J.D. Vance cancels South Texas visit ahead of Port of Brownsville event
- New $1.6M food hall aims to transform downtown Edinburg with dining, retail and events
- South Texas builders say ICE raids are back, mourn death of slain construction worker
Get the latest business news delivered to your inbox every morning for free.
Try 30 Days Free!
Get full access to award-winning journalism covering business, real estate, health care, economic trends, and the people shaping the Rio Grande Valley.
30 Days Free!
$9.95/month
Limited time offer
Subscription renews after your 30 day free trial at $9.95/mo.
Included Benefits
- Unlimited access to all articles
- Daily business news and analysis
- Subscriber-only content and features
Stories That Matter
- USMCA won’t die in 2026 — but it’s entering a new, uncertain phase, RGV trade expert says
- South Texas communities chase federal dollars for their next big projects
- TSTC lands nearly $500K grant to train more South Texas truck drivers
- Volvo’s truck deal in Mexico is driving millions in new investment at Matamoros plant
- Mexico president opens Tamaulipas tour in Reynosa with $2.16B housing push
- Industrial growth is bringing RGV workers home — now the region needs to build its next workforce generation
- Most Rio Grande Valley cities see sales tax gains through July 2026
- TSTC adds two aircraft to expand aviation training in Harlingen
- Valley farmers push Washington for immigration solutions as labor shortage grows
- Valvoline expands Valley footprint with sixth location — and more are coming
