Modine Manufacturing Co (MOD) is an established market leader in the design and manufacturing of heat transfer products. Founded in 1916 in Racine, Wisconsin, by entrepreneur Arthur B. Modine, the company has built a strong reputation over its century-long existence. Arthur B. Modine invented the 'Spirex' radiator, which was used in the early years of tractor and truck manufacturing, laying the foundation for his company.
MOD's product portfolio includes heat exchangers for commercial and industrial HVAC (Heating, Ventilation, and Air Conditioning) systems, radiators and cooling systems for a variety of vehicles and industrial processes, as well as fuel cells and alternative energy systems. Modine Manufacturing is a critical supplier to original equipment manufacturers (OEMs) in sectors such as automotive, commercial trucks, construction and agricultural equipment, heating, and cooling.
Headquartered in Racine, Wisconsin, MOD has a global footprint with strategically located manufacturing facilities in Europe, Asia, South America, and North America, enabling them to serve clients around the globe. Over the years, MOD has evolved its business services centred around thermal management technologies. This set them apart in a highly competitive industry marked by the constant emergence of new technologies.
Considered one of the pioneering companies in heat transfer technology, Modine Manufacturing is committed to innovative engineering and manufacturing capabilities. They hold a large number of patents, emphasizing their dedication to R&D (research and development). They continuously strive to develop advanced technology solutions that promote sustainability and energy efficiency. Their extensive R&D facilities in North America, Europe, and Asia are geared towards achieving these objectives, driving the company closer to its mission of enabling recaptured and renewable energy to power the world.
The company trades under the symbol 'MOD' on the New York Stock Exchange and has consistently been recognized for its robust business model, good corporate governance, and commitment to delivering shareholder value.
Modine Manufacturing's future orientation and commitment to sustainable business practices have made them a preferred partner for customers and clients. Across their century-old journey, they have demonstrated resilience and an ability to evolve with the changing technological landscape. This makes them not only a vital part of the thermal management industry but also an integral part of the communities in which they operate. Operating with the vision ‘To lead the evolution of thermal management,’ MOD is indeed poised for further growth and increased contribution to sustainability and thermal management solutions.