A method of manufacturing a fiber reinforced composite material lid for an utility vault including mixing an unsaturated polyester thermosetting matrix in to a resin paste, compounding the resin paste into a fiber reinforced composite material, maturing the compounded fiber reinforced composite material, cutting the matured compound into a charge pattern, molding the charge pattern in a mold cavity of a heated mold under low pressure to form the lid and cooling and machining the lid. The mold includes a cavity die and a core die having a shear angle for interfacing the core die within the cavity die and a steam pot for heating the cavity die and the core die, wherein the lid is molded between the cavity die and the core die and removed from the mold by a lid ejection mechanism.