Modine Manufacturing : Green Coolers With Refrigerant Charge Project

NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact:

Cristian Michelin +39 0432 772 001cristian.michelin@modine.com

GREEN COOLERS WITH REFRIGERANT CHARGE PROJECT

Pocenia, Italy - February 20, 2018 - Modine CIS Italy Srl hereby announces that it has been granted financial support from the European regional development fund (FESR) of the Friuli‐Venezia‐Giulia region, for the development of the "Green Coolers With Refrigerant Charge" Project with the objective to create a range of new products with the same efficiency and quality as in the past, that ensure energy savings, minimum use of HFCs and prevent gas leaks that can harm to the environment.

About Modine

Modine, with fiscal 2017 revenues of $1.5 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets through its three complementary business units: Vehicular Thermal Solutions (VTS); Commercial & Industrial Solutions (CIS); and Building HVAC Systems (BHVAC). Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe, Asia, and Africa. For more information about Modine, visitwww.modine.com.



PORFESR20142020exL.R.14/2015art.1 Attività1.2.a-Lineadiintervento1.2.a.2Incentivialleimpreseperattivitàdiindustrializzazionedeirisultatidellaricerca industrialeedellosvilupposperimentale-areedispecializzazioneagroalimentare,filiereproduttivestrategiche,tecnologie marittimeesmarthealth  PROPONENTE:LUVATAITALYS.R.L.(oraModineCISItalyS.R.L)

PROGETTO:INDUSTRIALIZATIONGCE/GDE/GME

FINALITA': Il progetto prevede l'industrializzazione delle nuove gamme GCE/GDE/GME legate al progetto "GREEN COOLERS WITH REFRIGERANT CHARGE". Nel ciclo di produzione dello scambiatore, vengono per questo inseriti alcune attrezzature e macchinari da implementare e sperimentare al fine di realizzare un prodotto che a parità di efficienza e qualità, consenta un risparmio energetico, un minimoutilizzodiHFCelaprevenzionediperditedigasnocivinell'ambiente.

RISULTATI:AUMENTODELLACOMPETITIVITA'AZIENDALE

SPESAAMMESSA:€600.000,00

CONTRIBUTOCONCESSO:€197.979,44 





(Englishtranslation)   PORFESR20142020exL.R.14/2015art.1 Activity1.2.a-Courseofaction1.2.a.2-Businessincentivesforactivitiesof industrializationreferredtoindustrialresearchorexperimentaldevelopment. agrifoodspecializationsectors,strategicproductionchains,maritimetechnologies andsmarthealthcare.

 APPLICANT:LUVATAITALYS.R.L.(todayModineCISItalyS.R.L.)

PROJECT:INDUSTRIALIZATIONOFGCE/GDE/GME

PURPOSE: The project entails the industrialization of the new GCE / GDE / GME rangesassociatedtothe"GREENCOOLERSWITHREFRIGERANTCHARGE"project.In the production cycle of the heat exchanger, supplementary equipment and machinery are consequently added to implement and test with the purpose to developaproductthat,withthesameefficiencyandquality,allowsenergysavings, minimumuseofHFCsandpreventionofgasleaksthatcanharmtheenvironment.



OUTCOME:INCREASECOMPANYCOMPETITIVENESS

ELIGIBLEEXPENDITURE:€600000,00

SUBSIDYGRANTED:€197979,44





