Xavier Leroy (the creator of OCaml) and his team at INRIA didn't think this was a big deal because when they were writing this stuff, processors were single core and had been since the beginning. Sure there were multiprocessor machines (not the same as multicore as there are multiple die), but those were only meant for servers/workstations. OCaml seemed very promising around 2006, the peak and end of the single core era with the Intel Pentium 4. What made OCaml so impressive was not only was it this beautifully simple, high-level functional language, but that the native compiler produced very fast code that was comparable to C/C++ performance. However, as multicore processors were introduced (Intel Core, Core 2), not having this capability made writing new code in OCaml less appealing. There are solutions like MPI, but that's lame. The same excuses you hear in the Python world about having true multithreading you hear in the OCaml world. Microsoft was able to do it with F#, which is essentially a clone of Caml by targeting their .NET CLR. Haskell is able to do it with GHC.
I still think OCaml is a wonderful language -- not having true multithreading doesn't make it useless. However, to me it has become more like a statically-typed Python which I can use for scripting. Having to use hacks like MPI to do multicore processing is a huge turn off in a multicore world. This is again nothing against the language, but the standard implementation needs a concurrent garbage collector and kernel threads. Otherwise I think OCaml may be doomed to irrelevance in the long run, which would be truly sad.