Modine Wins New Power Train Cooling Business with Daimler India; Partnering to Develop Solutions to Meet Higher Truck Emission Standards

Business Wire

posted: 8 DAYS 7 HOURS AGO

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Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that its operation in India has been awarded a contract by Daimler India Commercial Vehicles, Ltd. The program, which will support Daimler’s light, medium and heavy-duty trucks for the Indian market, will be manufactured in Modine’s new production plant in Sriperumbudur, Chennai.

The commitment reaffirms Modine’s ability to provide the technologically advanced thermal solutions required to handle the increased heat loads present in all light to heavy-duty truck engines.

“We are pleased with the confidence Daimler India has shown in our ability to meet its requirements in today’s highly competitive market,” said Thomas F. Marry, Modine Regional Vice President – Asia. “The key to our success with Daimler India is our intelligent globalization strategy to have local production capabilities. This strategy puts us in a position to address application-specific customer needs, while at the same time offering truly globally standardized products within the very competitive commercial environment in India.”

“Modine clearly understands Daimler India’s quality expectations and our commitment to execute this important program,” said Jerry Kapoor, Managing-Director - Modine India. “Thermal management technology of this type fits into Modine’s Commercial Vehicle focus and is exactly why we developed our business in India – to serve global customers wherever they are located, while meeting the needs of emerging markets.”

About Modine

Modine, with fiscal 2009 revenues of $1.4 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment, refrigeration systems and fuel cells. The company employs approximately 7,000 people at 32 facilities in 15 countries. For more information about Modine, visit www.modine.com.