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Core Technology selects Gateway for expansion

Triad manufacturer to become anchor tenant at Gateway University Research Park campus

JUNE 28, 2017 - GREENSBORO, NC - High Point-based injection molding company Core Technology Molding Corp. will become the anchor tenant of a nearly $12 million, 70,000-square-foot facility that will be constructed this summer at the south campus of Gateway University Research Park in Greensboro.

The city of Greensboro has agreed to put up $1.2 million for the project, which will be located on the east side of the Joint School of Nanoscience and Nanoengineering, he said.

“This is a unique opportunity to assist a fast-growing company with its expansion needs," said John Merrill, executive director of Gateway University Research Park. "Core Technology manufactures many of the components inside items we use daily, from automobiles to lawn tractors to video games. We’re very excited to have Core Technology as a new partner and hope to use this relationship as a model for working with more local businesses. We’re also excited to have the city of Greensboro partnering with us on this exciting new project.”

Core Tech is expanding operations to Greensboro after first considering a 30,000-square-foot expansion next to its High Point facility to help the firm fulfill orders for customers including BMW, Merck, and Rubbermaid. The company, led by CEO and President Geoff Foster, is already one of the Triad's largest minority-owned companies, according to TBJ's list published in April.

“Given the many options we evaluated for expanding Core Technology Molding, the opportunity to move our operation to the Gateway University Research Park and to further strengthen our existing partnership with N.C. A & T State University was too valuable to pass up,” said Geoff Foster, company CEO and president. “We’re extremely excited to be a part of this new facility and look forward to growing our company and building on the innovative culture of our organization.”

On an annual basis, Core Tech hires students for internships and permanent employment from N.C. A&T. In addition to research partnership opportunities with the JSNN, College of Engineering, and the College of Sciences and Technology, Core Tech expects to enhance the classroom experience for the students at N.C. A&T, including the addition of a potential plastics engineering concentration to the Applied Engineering Technology discipline. The closest Plastics Engineering Technology program is at Pennsylvania State University.

The Gateway University Research Park is a joint venture between NC A&T State University and University of North Carolina Greensboro.

Triad Business Journal
Article written by Katie Arcieri
Katie Arcieri covers manufacturing, aviation and economic development for Triad Business Journal.