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Home > BizTimes Daily > Archives > September 19, 2007
Modine lands Mitsubishi contracts
Published September 19, 2007 - BizTimes Daily
Modine Manufacturing Co. a Racine-based provider of thermal management technology and solutions, announced today that it has been approximately $15 million in contracts to provide passenger heating, ventilation and air conditioning modules to Mitsubishi FUSO Truck and Bus Corp.
Leveraging its presence in Asia, Modine will provide the modules to Mitsubishi FUSO's Kawasaki, Japan, plant. The passenger thermal management systems will be assembled at Modine's Shanghai, China, facility using the latest technology heat exchangers from the company's Asan City, South Korea, design center.
"The award of the FUSO business demonstrates the strength and alignment of our Asian operations in supporting growth in the commercial truck customer segment," said Brian Lee, managing director of passenger thermal management for Modine. "We are positioned well for future business growth with this customer and others in the expanding Asian commercial truck HVAC market."
Mitsubishi FUSO Truck awarded Modine business for the HVAC system for the Canter light duty truck program, beginning in 2009 and extending to 2014.
"This is an important and symbolic win for Modine," said Jerry Retallick, managing director of Modine Asia. "It is our first thermal management business award from a Japanese truck customer which signifies our commitment to profitable growth through the diversification of our markets, customers, and products."
