Rock Hill News & Portfolio News
Core International Announces the Formation of Two Strategic Joint Ventures
Houston, TX – April 16, 2014 - Core International, LLC (“Core”) dramatically increased its engineered rubber products production capacity and capability in the first quarter of 2014 with manufacturing joint ventures (“JVs”) in Mexico City, Mexico, and Odessa, Texas.
Core partnered with Aztec Polymer Products SA de CV in Mexico City, and Pheasant Rubber Company, Inc. in Odessa, Texas. Core’s parent company, Core Polymer Moulders Holdings, LLC, is the majority partner in both joint ventures.
With the addition of these manufacturing JVs and Core’s ongoing partnership in India, the Core International Group’s four operating companies working in sync with each other are positioned to provide a unique solution to customers with global operations and corresponding supply chain requirements by offering design, manufacturing and supply chain solutions for highly engineered rubber molded products regionally. This ultimately saves direct cost, trims lead times and decreases working capital requirements for customers.
While each of the three manufacturing locations has standard equipment and processes to produce consistent products indistinguishable by end users, they also have unique capabilities.
- Core Permian Rubber Company LLC is the largest and most established rubber molder in the West Texas Oil Fields. It has a long history of contract manufacturing products for the area’s oil and gas original equipment manufacturers and service companies.
- Core Mexico, an ISO 9001:2008 certified company, is strategically placed in Mexico City to provide contract manufactured rubber components to Mexico and Latin America reenergized manufacturing and energy services companies.
- Vajra Rubber Products (P) Limited has some of the largest equipment in the world to produce molded rubber products used in demanding offshore and mining applications with solid cross sections of up to 144-inches or 3.7 meters. It is the only rubber molder in South Asia to have both the API Q and TS16949 certifications.
All of the companies distribute the Core Oil Field Replacement Rubber Product line of Annular Blow Out Preventer Elements, Pipe Wipers, Stripper Rubbers and a variety of other consumable rubber products for oil & gas drilling and service companies.
Finally, Core International LLC provides design, finite element analysis, logistical support and distribution services for the entire group and its global customer base. The Houston based headquarters staff is able to coordinate regional and global project management, single-point order routing and logistics management.
"We are excited about offering regional and global solutions to our customer base. We have engineered molded rubber products production and support capabilities in South Asia, Latin America, and the Permian Basin, all supported by engineering, project management, customer service, logistics and procurement professionals in Houston, TX. We help our customers centralize or decentralize purchasing, as the case may be, to make them more competitive in their industries," said Core CEO, Cody W. Johnson, JD.
Core is a portfolio company of Rock Hill Capital, a Houston-based lower middle market private equity firm. To take a deeper look at Rock Hill Capital and what makes their investments so successful, visit www.rockhillcap.com.
Core is a global provider of highly engineered rubber components and supply chain solutions to a variety of end-use markets including energy, heavy truck and trailer, flow control, general infrastructure, waterworks, aerospace and marine companies. For more information on Core visit us at www.coreintlgroup.com.