Modine Shares Climb as Texas Chiller Production Begins

Production is taking place at a new dedicated facility in Grand Prairie, Texas. Modine expects the plant to become its largest Airedale chiller manufacturing site.

The company is targeting four operational 2-megawatt production lines by the end of its current fiscal year. It said the facility is intended to serve growing infrastructure needs among hyperscale cloud providers, co-location operators and high-density artificial-intelligence computing environments.