RACINE, Wis., March 5, 2018 /PRNewswire/ -- Modine
Manufacturing Company (NYSE: MOD), a diversified global leader in
thermal management technology and solutions, recently completed
construction of a new, 92,000 square-foot production facility in
Mezökövesd, Hungary.
"Mezőkövesd offers an ideal location to meet current demands and
expand as needed," said Thomas
Marry, Executive Vice President and COO. "With recent
wins in our Powertrain Cooling and Engine businesses, the time was
right to invest in our global, manufacturing capabilities."
Situated on a 1,000,000 square feet of land adjacent to an
existing Modine location, the state-of-the-art building adds
capacity to build aluminum Engine and Powertrain Cooling products
for the automotive, off-highway and commercial vehicle
markets. Modine will manufacture liquid-cooled charge-air
coolers (LCAC), liquid-to-liquid layered-core oil coolers (LCOC)
and Origami condensers, as well as other key aluminum products.
The company will continue to make incremental investments in
people and equipment to get the new facility operating at peak
performance. In total, 340 employees will staff a three-shift
operation. Installation of a CAB furnace and Origami™
Condenser line, including a Tube Mill, is complete, with presses,
assembly stations, VAC furnaces and leak testers to follow in
2018.
About Modine
Modine, with fiscal 2017 revenues of $1.5
billion, specializes in thermal management systems and
components, bringing highly engineered heating and cooling
components, original equipment products, and systems to diversified
global markets through its three complementary business units:
Vehicular Thermal Solutions (VTS); Commercial & Industrial
Solutions (CIS); and Building HVAC Systems (BHVAC). Modine is a
global company headquartered in Racine,
Wisconsin (USA), with operations in North America, South
America, Europe,
Asia, and Africa. For more information about Modine,
visit www.modine.com.
Contact:
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Amanda
Bulgrin
|
|
(262)
636-8466
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|
a.a.bulgrin@na.modine.com
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SOURCE Modine Manufacturing Company