Gear Up spotlights leaders in manufacturing in celebration of Manufacturing Day. The Connecting Advanced Manufacturing Program (CAMP) interviewed Geoff Foster, CEO of Core Technology Molding Corporation.
Company: Core Technology Molding Corporation
CEO/President: Geoff Foster
Location: Greensboro, NC
Company Description: Core Technology Molding Corporation is a plastic injection molding and assembly solutions provider. They compete in the medical device, automotive, biological pharmaceutical, appliance, outdoor lawn equipment, consumer and heavy truck markets. Their customers include: Merck, Tyco Electronics, BMW Manufacturing Co., Newell Rubbermaid and Husqvarna to name a few. Core Technology’s finished parts are used by Volvo, Mack Trucks, Peterbilt, Chrysler, and Electrolux, Whirlpool, Kenmore and Kitchen Aid appliances.
What are your capabilities/specialties?
We perform plastic injection molding and assembly in our ISO 9001:2008 certified facility. We also have a certified Class 10,000 (ISO 7) and Class 1,000 (ISO 6) medical clean room where we manufacture caps and jars for cornea transplants. We also assemble vaccine filtration systems that touch 25,000,000 babies annually.
Why did you become a manufacturer/enter the manufacturing industry?
As a Product Engineer in 1998, I designed a part for Ford Motor Company and my employer was paid $31 million. I was awarded a U.S. patent, however, I was not able to be rewarded financially. It motivated me to start my own plastic injection molding company and utilize my own design and lean manufacturing skills.
Why is manufacturing so important to the U.S.?
Manufacturing in the U.S. has a major impact on the economy. The manufacturing industry creates jobs and impacts the economy. By using robotics and lean manufacturing techniques, we are able to reduce our overhead costs and “re-shore” jobs back to the U.S. from Asia and other low-cost producing countries.
How do you see your company impacting the future of manufacturing?
We are on the cutting-edge of technology with our certified medical clean room and high-speed robotics. With our all-electric machines, we reduce the carbon footprint and utilize “green” techniques. By recycling scrap material, this material doesn’t go to a landfill and is used again. By creating technical jobs, we are able to hire and retain employees and they can utilize their skills and be rewarded.
What is your favorite manufacturing mantra?
“Molding Your Imagination,” is our tagline. We partnered with Guilford County Schools in 2014 and we are their advanced manufacturing and Science Technology Engineering and Math (STEM) partner. We have plant tours, hire high school and college interns for the summers and hold open houses annually for parents and their children. We are exposing children to advanced manufacturing and giving them opportunities to better understand STEM careers.
Why did you become a client of CAMP?
While working with the Minority Business Development Agency (MBDA) Business Center in Durham, NC, with Dan Stafford, he recommended that I meet with the MBDA Business Center-Atlanta as there was a focus on advanced manufacturing. There are currently 19,000 plastic injection molders in the U.S., however, there are approximately six minority-owned. We are the only minority with a certified Class 1,000 (ISO 6) clean room in the world. The MBDA Business Center-Atlanta has introduced us to Oak Ridge National Laboratory in Tennessee as well and provided the opportunity for us to participate at the Clean Energy Manufacturing Institute’s southern region conference.
How has CAMP contributed to your success?
CAMP invited us to an exclusive tour of the Oak Ridge National Laboratory, the largest Department of Energy science and energy laboratory that conducts basic and applied research. We were introduced to leadership at the lab which helped us to start a dialogue for potential opportunities.
What do you most value about being a client of CAMP?
The networking possibilities.
What awards have you received or accomplishments you have made?
In 2009, we were awarded the Minority Supplier of the Year (Class I) by the Carolina Minority Supplier Development Council, Inc. In 2014, we were awarded the Minority Supplier of the Year (Class II) by the Carolinas Virginia Minority Supplier Development Council, Inc. In 2014, we were also recognized with the MWBE Outstanding Achievement Award during the North Carolina Minority Enterprise Development (MED) Week. In 2015, we were named the Minority Small Business of the Year by the Greensboro Chamber of Commerce.
For more information about Core Technology Molding Corporation visit their website.
What is Manufacturing Day?
Manufacturing Day℠ is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. Although Manufacturing Day officially occurs on the first Friday in October—this year is October 2, 2015—any day can be a Manufacturing Day. Learn More