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Modine Brazil Wins VW Truck & Bus Supply Award; Unit Cited in Product Development Category
RACINE, Wis.-(Business Wire)-July 1, 2008 - Modine Manufacturing Company (NYSE: MOD), a diversified leader in thermal management technology and solutions, announced today that its operation in Brazil has received a Volkswagen Truck & Bus Supply Award 2007 for outstanding support. Modine Brazil was awarded for Best Product Development and was nominated in the Commercial Excellence category.
VW Truck & Bus is a market leader in Brazil, producing a complete line of trucks - from eight tons to extra heavy-duty models - each with a cooling package provided by Modine Brazil.
"We are pleased to receive this prestigious award, which recognizes our application engineering, tech center and operations teams," said Scott Bowser, Managing Director - Modine Brazil. "VW Truck & Bus is a valued customer and we are committed to providing excellent products and services to this fine organization. We take great pride in being considered a top supplier."
Modine Brazil operates two plants in one location in Guarulhos, Brazil. These facilities produce copper brass radiators, aluminum brazed radiators, bar plate, charge air coolers, oil coolers, heating and cooling modules and industrial equipment. Modine Brazil's predecessor, Radiadores Visconde (RV), was founded in 1966 as an aftermarket distribution company and started manufacturing in the early 1980s. A joint venture was formed with Modine in 1998 and the full acquisition took place in 2006. Since then the 1,000-employee operation has experienced strong growth.
About Modine - www.modine.com
Modine, with fiscal 2008 revenues from continuing operations of $1.8 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 and fuel cells. Based in Racine, Wisconsin, the company employs approximately 7,900 people worldwide at 33 facilities in 15 countries. For information about Modine, visit www.modine.com.
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