Core Technology Molding Corporation Announces Major Expansion in Greensboro, North Carolina

Greensboro, N.C. – 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 largest Original Equipment Manufacturers (OEMs) around the world. This expansion will enable the company to significantly increase its capacity and continue its trajectory of success.

“Core Technology has been a hub for innovation in East Greensboro for several years,” said Greensboro Mayor Nancy Vaughan. “This expansion is an example of how the City fosters growth and development by providing the right mix of support and built-in workforce.”

“Guilford County is proud to support the expansion of Core Technology,” said Melvin “Skip” Alston, Chairman of the Guilford County Board of Commissioners. “This investment highlights the strength of our small business environment and the exceptional talent available in our region. Congratulations to Geoff Foster and the entire Core Technology team on this exciting new chapter.”

“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.

“North Carolina A&T State University is proud to see Core Technology Molding Corporation, led by our esteemed alum Geoff Foster, continue to grow and succeed,” said Dr. Harold L. Martin, Chancellor of North Carolina A&T State University. “Their expansion not only contributes to the economic development of Greensboro but also provides valuable opportunities for our graduates and strengthens the bond between our university and the local business community.”

“Having worked closely with Geoff Foster these past eight years as he moved his company to Gateway Research Park in East Greensboro and having watched Core Technology’s meteoric growth, I’m proud to see his company continue to expand and for North Carolina A&T to play such an important role in it’s success,” said A&T Chancellor Harold L. Martin Sr. “As an alumnus, Geoff is a shining star, showing how far a North Carolina A&T education can take you. He also sets an important example by hiring high-quality A&T graduates to power his high-tech advanced manufacturing business. His success is our success, and we are delighted Core Technology will continue to call Greensboro home.”

The Guilford County Economic Development Alliance, consisting of the Greensboro Chamber of Commerce and High Point Economic Development Corporation, worked together with the Economic Development Partnership of North Carolina, City of Greensboro, Guilford County, Duke Energy, Guilford Technical Community College, Guilford Works, Piedmont Natural Gas, and North Carolina Department of Commerce in securing Core Technology Molding Corporationinvestment in Guilford County.

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About the Greensboro Chamber

The Greensboro Chamber of Commerce is the largest business organization in the community serving more than 1,300 member businesses through programming designed to help them succeed and grow. A partner in the Guilford County Economic Development Alliance, the Chamber also serves as Greensboro’s primary economic development organization, with special emphasis placed on community and entrepreneurial advancement through Action Greensboro and Launch Greensboro.

About Core Technology Molding Corporation

Founded in 2006, Core Technology Molding Corporation is known for excellence in the manufacturing of highly engineered plastic products that have tight tolerances, require sophisticated tool designs and mandate efficient manufacturing. Core Technology is a Tier I Supplier in the Biological Pharmaceutical, Automotive and Heavy Truck markets with customers in over 150 countries. For more information, visit www.coretechnologycorp.com