Modine officials today announced a series of contracts that will provide the Joplin plant with work through 2015, according to a company news release:
Modine Manufacturing Co., a Racine (Wisconsin) -based provider of thermal management technology and solutions, announced today that has been awarded a series of contracts to supply exhaust gas recirculation (EGR) cooling solutions to a variety of customers, with a combined value of $125 million in annual revenues.
The solutions are needed to meet U.S. Environmental Protection Agency (EPA) 2010 on-highway vehicle and Tier 4 off-highway equipment emissions standards.
EGR coolers are used on diesel engines to cool and re-circulate a percentage of the exhaust gas in order to promote more effective combustion and reduce the formation of nitrogen oxides (NOx) and particulates.
Production is expected to begin in Modine's Joplin, Mo., manufacturing plant in mid-calendar 2009 and extend through 2015.
The contracts come after Modine had struggled to win new business in 2007.
Commenting on the new business, David Rayburn, president and chief executive officer, said, "We are especially pleased with the market's acceptance of our latest EGR technology. These recently awarded programs reflect a high quality of business, consistent with our growth targets for the overall company and our efforts to turn around the performance of our Original Equipment-North America business segment."
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