Core Technology Molding Corporation, a minority-owned leader in plastic injection molding, is proud to announce a significant expansion of its operations in Greensboro, North Carolina. This expansion will see the company grow from its current 36,000-square-foot facility to a 104,000-square-foot facility, representing a substantial investment of $27,850,000. The expansion is expected to create at least 26 new positions over the next four years, with an average wage of $58,885, while retaining 60 existing employees.
Core Technology Molding Corporation has experienced record growth year over year, serving some of the world’s largest Original Equipment Manufacturers (OEMs). This expansion will enable the company to increase its capacity and continue its trajectory of success significantly.
“Core Technology Molding Corporation is thrilled to expand our operations in Greensboro,” said Geoff Foster, CEO of Core Technology Molding Corporation. “Our growth is a testament to the hard work and dedication of our team, and this expansion will allow us to continue to serve our global OEM customers with the highest quality products. We are committed to investing in our community and creating new job opportunities in the region.”
“We are working closely with GTCC and the NC Apprenticeships while developing a pipeline of young talent. With our “Molding Kids for Success” non-profit, there are three goals to realize this vision: (1) build strong foundations for STEM literacy, (2) increase diversity, equity, and inclusion in STEM, and (3) prepare the STEM Workforce for the future,” added Foster.
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