20 April 2001
20 April 2001
Core Materials Corporation has reached an agreement with Peterbilt Motors Company to supply sheet molding composite (SMC) products for one of its heavy duty truck models.
This agreement with Peterbilt, a division of PACCAR Inc., includes manufacturing of a SMC fiberglass reinforced hood for Peterbilt's 387 class 8 truck. Core Materials will produce the SMC hood assemblies for Peterbilt's Denton, Texas, truck assembly plant. Based on anticipated planning volumes released by Peterbilt, Core Materials' estimated revenues from this business are anticipated to be in the $3 million to $5 million annually. Production is expected to begin in late 2001.
Peterbilt Motors Company, a division of PACCAR Inc., manufactures premium quality trucks and offers a broad range of services for the over-the-road, construction, municipal and medium-duty markets. Core Materials Corporation is a compounder and compression molder of sheet molding composites (SMC). The company produces high quality fiberglass reinforced, molded products and SMC materials for varied markets, including transportation, marine, agricultural and commercial and industrial products.
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