Modine Wins Programs to Supply Great Wall MotorWith $14 Million in 2.0 L Diesel Engine EGR Coolers
RACINE, Wis.--Modine Manufacturing Company , a diversified global leader in thermal management technology and solutions, announced today it has won programs from Great Wall Motor in Baoding, Hebei Province, China valued at approximately $14 million to supply exhaust gas recirculation (EGR) coolers for 2.0L diesel engines. These programs will begin in 2009 and extend over the next five years.
EGR coolers recirculate exhaust gas from the engine to control both particulates and nitrous oxide (NOX) emissions in the exhaust, keeping the air cleaner and burning fuel more efficiently. “Modine leveraged our superior technical strength in engine technology and our new local manufacturing facility in Changzhou,” said Thomas F. Marry, Modine Regional Vice President - Asia. “This award continues to demonstrate Modine Asia’s ability to utilize our global resources to supply our technology to the growing Euro-4 & Euro-5 diesel engine market in China.”
The EGR coolers will be manufactured beginning in 2009 at Modine’s Changzhou manufacturing plant, located in Changzhou, JiangSu Province, China. The facility leverages Modine Asia’s engineering and testing capabilities located in Asan City, South Korea. This incremental business supports Modine’s strategic goal of generating 4 to 6 percent annual organic revenue growth.
About Modine – www.modine.com
Modine, with fiscal 2007 revenues from continuing operations of $1.7 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, HVAC (heating, ventilation and air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Based in Racine, Wisconsin, the company has approximately 7,800 employees at 33 facilities worldwide. For information about Modine, visit www.modine.com.
About Great Wall Motor – www.gwm.com.cn
Great Wall Motor Company Limited (HK H Stock: 2333-HK), is the largest privately owned automotive, truck and specialty vehicle manufacturer in China. It is the first privately owned auto company of China listed on the Hong Kong H Stock Market. Great Wall owns 20 subsidiaries and has about 10,000 employees. Its products cover Pickup series, SUV series, CUV Series, MPV Series, passenger car and special vehicles. Great Wall is the biggest brand for exporting among auto enterprises of China. It is among the top 10 privately owned enterprises in China and among the top 30 in sales volume. For information about Great Wall Motor, visit www.gwm.com.cn.