Modine To Build Mexican Facility, Close 2 U.S. Plants
Posted on July 20, 2006
Driven by what it says is a soon-to-be-announced “business relationship to provide components to a major global manufacturing company,” Modine Manufacturing Co. said it has taken several steps to “realign its global footprint.”
The company said it plans to build a new facility adjacent to its current Nuevo Laredo, Mexico facility. The new facility will serve, the company said, “as a critical element in the company's business growth strategy with other customer projects. This is an opportunity for Modine to leverage its current footprint in the Nuevo Laredo area and build on its cost competitive position.”
The other side of the equation is the company said it will close its Richland, S C plant, consolidating production into its facility in McHenry, Ill., and announced, pending union negotiations, it will close its Clinton, Tenn. facility.