RSS Modine Announces Expansion In India To Address Rising Data Center Industry Demand

Currently reading:
 RSS Modine Announces Expansion In India To Address Rising Data Center Industry Demand

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
10,294
Likes
1,923
Credits
33,567©
Cash
0$
Modine Manufacturing Company (MOD), a leader in thermal management solutions based in Wisconsin, has announced its plan to establish a new facility in Chennai, India, by mid-2025. This strategic move aims to meet the increasing demand for essential cooling solutions tailored for data centers.

The Chennai facility will manufacture data center cooling equipment under the Airedale by Modine brand, as well as cooling modules for stationary power generation systems. This expansion comes on the heels of recent facility openings in Calgary, Canada, and Bradford, UK, reflecting the rising global demand within the data center sector.

The Chennai location will mark Modine's second operational site in India, complementing its 2007-established Modine Thermal Systems India, which focuses on designing and producing cooling modules for use in off-highway vehicles, commercial transportation, and power generation equipment.

As of Tuesday, MOD shares are trading at $122.51, showing a slight decrease of 0.22% on the New York Stock Exchange.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom