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Modine Opens India Facility to Manufacture Data Center Cooling Equipment for APAC Region

1. Modine opened a new 100,000 sq. ft. facility in Chennai, India. 2. The facility aims to meet surging APAC data center cooling demand. 3. Locally manufactured units like AireWall ONE™ enhance Modine's production efficiency. 4. Increased AI application use boosts demand for Modine's cooling solutions. 5. Modine's growth strategy includes expanding both Indian and U.S. production.

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Why Bullish?

The Chennai facility enhances production efficiency and meets growing demand from a booming industry. Historical precedents, like expansions in response to increasing tech sector demands, have led to stock price increases for similar companies.

How important is it?

The establishment of the facility indicates strong growth potential in a key market, directly impacting MOD's market position. Investor sentiment might improve due to the strategic advancements discussed.

Why Long Term?

Establishing local production in India positions Modine for sustained growth as the data center market expands. Similar strategic moves in the past have resulted in prolonged positive effects on stock performance.

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In-region production of Airedale by Modine™ solutions serves growing data center industry demand , /PRNewswire/ -- Modine® (NYSE:MOD), a diversified global leader in thermal management technology and solutions, officially opened its new 100,000 ft.2 facility in Chennai, India. The event marked the beginning of full-scale, in-region production of Airedale by Modine™ data center cooling equipment and a strategic positioning to meet accelerated demand from data center customers across the Asia-Pacific (APAC) region. "Launching our Chennai facility is a significant milestone in our global growth strategy," said Eric McGinnis, President, Climate Solutions at Modine. "The data center market in India and across the region is growing rapidly. Establishing in-region manufacturing strengthens our ability to serve APAC data center customers with speed, precision, and locally tailored solutions." The launch event featured remarks from senior leadership, a tree-planting ceremony, and the unveiling of the first locally manufactured unit—the AireWall ONE™ fan wall. More ranges are being incorporated into the production schedule to match increasing data center demand across the region. The state-of-the-art facility complements Modine's recently announced investment to expand U.S. production, reinforcing the company's strategy to serve high-growth markets. The increasing use of AI applications has driven demand for Airedale by Modine data center cooling solutions, including high-efficiency chillers, indoor air systems, next-generation liquid cooling technologies, intelligent controls, building management systems (BMS), and a global service network. For more images and additional information please visit the Airedale by Modine Press and Media page. Further information about Airedale by Modine is available at www.airedale.com. About ModineFor more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia. For more information about Modine, visit www.modine.com. Media Contacts:UK: Nicola Ware | [email protected] | +44 113 2391000US: Kimberly Raduenz | [email protected] | +1 262-636-1504 Investor Contact:Kathleen Powers(262) 636-1687[email protected] SOURCE Modine WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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