For Fifth Year in a Row Modine Named One of the 100 Best Corporate Citizens.Business Editors RACINE, Wis.--(BUSINESS WIRE)--May 19, 2004 Modine Manufacturing Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MODI MODI Microsoft Office Document Imaging ) is proud to announce, for the fifth year in a row, it has been named one of the prestigious 100 Best Corporate Citizens for 2004. The list, published in the Spring edition of Business Ethics Magazine, is based on quantitative measures of corporate service to seven stakeholder groups: Stockholders, Employees, Customers, the Community, the Environment, Overseas Stakeholders, and Women & Minorities. For the third straight year, Modine finished tied for first in the environment category. "We are extremely proud of our accomplishments world-wide in reducing waste, saving resources and eliminating pollution at our facilities," said Gary Fahl, Modine's Environmental, Health and Safety Officer. Modine finished 32nd overall, the same ranking as last year, ahead of such companies as Delphi, Eastman Kodak, Fed Ex and PepsiCo, Inc. "While we are proud of our ranking, we look forward to the challenge of improving it next year," said Fahl. Business Ethics applauded Modine for its work as an environmental steward. The magazine highlighted Modine's fuel cell program, reporting that the new technology has the potential to replace polluting internal combustion engines. The top four companies for 2004, in order of ranking, are Fannie Mae, Procter & Gamble, Intel, and St. Paul Companies. Statistical analysis for the list was done by Sandra Waddock and Samuel Graves of the Carroll School of Management  The Carroll School of Management is a graduate and undergraduate business school and one of the professional schools of Boston College. at Boston College in Chestnut Hill, MA. Social ratings were provided by KLD KLD Kullback-Leibler DivergenceKLD Kullback-Leibler Distance KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice) Research & Analytics of Boston, a research firm serving socially responsible investors. Modine Manufacturing Company specializes in thermal management, bringing heating and cooling technology to diversified markets, employing nearly 8,000 people at 34 production facilities worldwide. Modine products are used in light, medium and heavy-duty vehicles, HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free (heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. , air conditioning) equipment, industrial equipment, refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. systems, fuel cells, and electronics. Modine can be found on the Internet at www.modine.com. |
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