Modine Expands Data Center Cooling Capacity with Opening of New Facility in Franklin, Wisconsin
Rhea-AI Summary
Modine (NYSE: MOD) opened a new 155,000-square-foot manufacturing facility in Franklin, Wisconsin on Nov. 17, 2025 to expand production of Airedale by Modine data center cooling solutions.
The Franklin site is part of a multi-year $100 million investment announced in July to scale data center cooling capacity and will create more than 300 jobs by March 2026, rising to approximately 430 employees within three years. The investment also covers a new facility in Grand Prairie, Texas, and expansions in Grenada, Mississippi and Jefferson City, Missouri, plus enhanced engineering, product development and testing capabilities.
Positive
- $100 million multi-year investment to scale data center cooling
- 155,000 sq ft new manufacturing facility in Franklin, Wisconsin
- Create > 300 jobs by March 2026 and ~430 employees within three years
- Planned additional facilities in Grand Prairie, TX, Grenada, MS, and Jefferson City, MO
- Expanded engineering, product development, and testing capabilities
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MOD declined 2.67%, reflecting a moderate negative market reaction. This price movement removed approximately $186M from the company's valuation, bringing the market cap to $6.76B at that time.
Data tracked by StockTitan Argus on the day of publication.
"We are proud to do advanced manufacturing in
The 155,000-square-foot facility is part of Modine's multi-year
"
Why
In addition to
About Modine
For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. Modine is a global company headquartered in
Media Contact:
Kimberly Raduenz, Marketing Manager,
Kimberly.E.Raduenz@modine.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/modine-expands-data-center-cooling-capacity-with-opening-of-new-facility-in-franklin-wisconsin-302614862.html
SOURCE Modine