Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced a multimillion-dollar investment to expand U.S. manufacturing capacity for Airedale by Modine™ data center cooling products. This strategic investment reinforces Modine’s commitment and ability to serve the U.S. data center market and the company’s century-long leadership and expertise in precision-engineered cooling solutions for mission-critical operations.
“Our investment in U.S. manufacturing for data center cooling advances our strategy to capitalize on our best opportunities in high-growth markets,” said Neil D. Brinker, Modine President and CEO. “The U.S. market is driving a significant portion of global data center activity. With the increasing demand for our solutions and this investment in additional manufacturing and testing capacity, we believe that our total data centers revenue can approach $2 billion in our Fiscal 2028. We’re in an era of enormous growth in digital infrastructure in the U.S. and Modine is committed to growing with demand to deliver value for our customers and shareholders.”
The $100 million investment over the next 12-18 months will expand manufacturing at four sites to support data center growth, including a new facility in the Dallas, TX, area, expansion in Grenada, MS, and considering repurposing existing Performance Technologies’ sites in Franklin, WI, and Jefferson City, MO. The investment also will enhance engineering, product development, and testing capabilities, create new jobs, and support the redeployment and retraining of existing Modine employees.