Modine Manufacturing to Close Taiwan Electronics Cooling Facility

Modine Manufacturing Company announced the closure of its electronics cooling manufacturing facility in Hsinchu, Taiwan, operated by its indirect wholly owned subsidiary Thermacore Taiwan Co., Ltd. The closure involves terminating approximately 200 employees and is expected to be complete by August 31, 2006, with estimated total costs of $3.6 million.

“On May 17, 2006, the Modine Manufacturing Company Board of Directors directed the officers of the Company to take appropriate actions to close the electronics cooling manufacturing facility located in Hsinchu, Taiwan which is operated by Modine’s indirect wholly owned subsidiary, Thermacore Taiwan Co., Ltd.”

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