USA: Core Materials Corporation Announces New Relationship With Lear Corporation
Core Materials Corporation (Amex: CME) announced today that it has reached an agreement with Lear Corporation (NYSE: LEA), one of the world's largest automotive suppliers, to supply sheet molding composite (SMC) products for three new sport utility/ pick up truck models. This agreement with Lear, a Tier I automotive supplier, includes manufacturing of fiberglass reinforced molded products to be used on three new hybrid sport utility/pick up truck models to be introduced by an automotive original equipment manufacturer. Core Materials will produce SMC seat bottoms and seat backs for these vehicles. The products manufactured by Core Materials will be shipped to Lear Corporation, which will produce full seat assemblies for the automotive original equipment manufacturer.
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