HARRODSBURG, Ky.– Modine Manufacturing Co. announced it will be transferring additional production to its plant in Camdenton, Mo., from one of the U.S.-based operations the company intends to close over an 18- to 24-month period. With the new business, the Harrodsburg plant’s workforce is expected to double in size to approximately 400 hourly and 40 salaried employees.
Production being transferred to Modine’s Harrodsburg plant from Camdenton consists of aluminum radiators, charge air coolers and oil coolers for the off-highway market. The Harrodsburg facility manufactures round tube plate fin, heat exchangers and heating, ventilation and air conditioning (HVAC) modules and systems for automotive, truck and off-highway applications. In February, the plant received recognition from John Deere & Co. as a Supplier of the Year.
In April, Modine announced its intention to close plants in Camdenton, Logansport, Ind., and Pemberville, Ohio, as well as its TÜbingen, Germany, facility. The intended closings and production shifts are part of Modine’s global restructuring program designed to realign manufacturing operations, improve profitability and strengthen global competitiveness. Realigning Modine’s manufacturing footprint should help the company achieve the scale it needs and provide greater balance in plant capacity than currently exists. The closing of the facilities is expected to result in $20 million to $25 million in annualized savings when fully implemented. In addition to manufacturing realignment, the restructuring plan calls for an evaluation of Modine’s product and business portfolio, greater discipline in capital allocation and a continued focus on reducing selling, general and administrative costs.
For more information about Modine, go to: www.modine.com.