Modine Manufacturing (MOD) said Monday it will invest over $38 million through 2028 to expand chiller production at its Grenada, Mississippi, facility to support demand from data center customers.
The company said the project is expected to create over 450 jobs and involve building upgrades, expanded production lines, and increased testing capabilities for its Airedale by Modine chillers.
Production will likely start later in summer, Modine said.
The company's shares were down nearly 2% in recent Monday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.