Modine Wins Programs to Supply Great Wall Motor With $14 Million in 2.0 L Diesel Engine EGR Coolers.RACINE, Wis. -- Modine Manufacturing Company (NYSE NYSE See: New York Stock Exchange :MOD), 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” redirects here. For other uses, see EGR (disambiguation). Exhaust gas recirculation (EGR) is a NOx (nitrogen oxide and nitrogen dioxide) reduction technique used in most gasoline and diesel engines. (EGR EGR Engineering EGR Exhaust Gas Recirculation EGR Engineer EGR Early Growth Response EGR Extra Grace Required EGR Enhanced Gas Recovery EGR Embedded GPS Receiver EGR Emergency Generator Room ) 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 nitrous oxide or nitrogen (I) oxide, chemical compound, N2O, a colorless gas with a sweetish taste and odor. Its density is 1.977 grams per liter at STP. It is soluble in water, alcohol, ether, and other solvents. (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 continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the 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 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, ventilation and 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. 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 CUV Crossover Utility Vehicle (automobile) CUV Certified Used Vehicle (General Motors) CUV Compact Utility Vehicle CUV Commercial Utility Vehicle CUV Combat Utility Vehicle Series, MPV (MusicPhotoVideo) A playlist standard for music, image and video collections introduced in 2002 by the Optical Storage Technology Association (OSTA). An "MPV Writer" is software that creates the playlist, and an "MPV Reader" is software that can discover and read it. 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. Statements made in this press release regarding future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are based on Modine's current expectations. The company's actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties, including, but not limited to, the company's ability to successfully implement its restructuring plans and drive cost reductions as a result; the ability to maintain adequate liquidity to carryout car·ry·out adj. Intended to be consumed away from the place of sale; takeout: a shop offering carryout sandwiches. n. An item of food or a meal that is to be consumed away from the place of sale. restructuring programs while investing for future growth; its ability to continue to service its customers during the implementation of any restructuring plan; the avoidance of inefficiencies in the transition of products from plants to be closed to plants continuing in operation; factors impacting the Original Equipment - North America segment operating results; the ability of the company, its customers and suppliers to achieve projected sales and production levels; unanticipated product or manufacturing difficulties; the company's ability to remain in compliance with its debt agreements; international economic changes and challenges; and other factors affecting the company's business prospects discussed in filings made by the company, from time to time, with the Securities and Exchange Commission including the factors discussed in Item 1A, Risk Factors, and in the "Forward-Looking Statements" section in Item 7 of the company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion