Modine Manufacturing Company announced today it has been chosen as the supplier for engine cooling modules for The Freightliner Group in North America and will also become the development partner for Mercedes-Benz Truck in Europe.
RACINE, Wisconsin Modine Manufacturing Company announced today it has been chosen as the supplier for engine cooling modules for The Freightliner Group in North America and will also become the development partner for Mercedes-Benz Truck in Europe.
DaimlerChrysler AG, the parent company of Frieghtliner and Mercedes-Benz, is looking for ways to meet the tighter emissions standards worldwide on heavy-duty truck engines. The United States' Environmental Protection Agency (EPA) begins enforcing the new standards in North America in 2007 and the European EURO 6 emission regulations become effective in 2010. The total contract to Modine would be valued at up to $50 million a year.
The Freightliner Group Contract
The long-term contract between Modine and DaimlerChrysler, the world's largest commercial vehicle manufacturer, will apply to heavy-duty trucks under the Freightliner brands. Modine and Freightliner engineers worked together to determine the best solution to these new emissions challenges.
"The EPA's goal to reduce North American emission particulate matter by 90% from today's levels presents a challenge for all heavy-duty truck original equipment manufacturers," said Chuck Katzfey, Modine Group Vice President. "To reduce emissions, heavy-duty engine manufacturers must include more parts and equipment to transfer more heat throughout the engine to keep it cool. Modine is providing an answer to this challenge by offering engine cooling modules to handle the increased heat volume."
The contract calls for Modine to supply Freightliner with thousands of engine cooling modules per year. This commitment signifies Modine's ability to provide the technologically advanced thermal solutions required to handle the increased heat loads present in all heavy-duty truck engines.
Modine will manufacture and assemble engine cooling modules beginning in the fall of 2006 at its Trenton, Missouri plant. Each module will include a radiator and charge-air-cooler from Trenton. Trucks equipped with automatic transmissions will also receive a stainless steel oil cooler from Logansport, Indiana.
Mercedes-Benz Truck Partnership
Modine has also been named as a development partner for engine cooling solutions for the heavy-duty truck business of DaimlerChryler AG. Modine was chosen based on its technical skills, cost, standardization and commonality.
"The key to our success with Freightliner and DaimlerChrysler is our intelligent globalization strategy. This strategy puts us in a position to address application-specific customer needs, while at the same time offering truly globally standardized products with the associated cost advantages to our customer," said Klaus Feldmann, Group Vice President Modine Europe.
Modine, with fiscal 2005 revenues of $1.5 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, ventilating, air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. The Company employs 9,400 people at 40 facilities worldwide. The company trades on the New York Stock Exchange under the symbol MOD. For more information about Modine, visit www.modine.com.
Source: Businesswire, Modine Manufacturing Company