Modine Expands Manufacturing and Engineering Presence in Europe for EVantage Product Line
Portfolio Pulse from Benzinga Newsdesk
Modine (NYSE:MOD), a leader in vehicular thermal management solutions, announced plans to expand production of its EVantage™ thermal management systems product family to Europe. The production will begin in 2024 at Modine's facility in Pontevico, Italy, and will cater to heavy-duty, commercial, and specialty vehicle manufacturers across the continent.
October 10, 2023 | 10:06 am
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Modine's expansion into Europe for its EVantage product line could potentially increase its market share and revenues in the long term.
The expansion of Modine's EVantage product line into Europe indicates the company's strategic move to tap into the growing commercial electric vehicle market in the region. This could potentially increase its market share and revenues in the long term, hence the positive score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100