A composite structure is based on a sandwich construction and a one-step molding process. The composite structure or component comprises a core layer having two outer layers on each side of the core layer. The outer layers may be composed of automotive interior trim scrap adhered with an isocyanate adhesive composition. Core layer and outer layers are thermally pressed in a single step or process to form the finished structural, multi-layer product. Decorative layers can be added as part of the one-step process. The resulting panels can be used in the manufacture of automotive, construction, furniture and other components.