Company Directory - Modine Manufacturing Inc.
Company Details - Modine Manufacturing Inc.
Modine Manufacturing Inc.
WebsiteRacine, United States
Modine Manufacturing Inc. specializes in thermal management solutions, providing products and services primarily focused on heating, cooling, and fuel-efficient technologies across various markets, including commercial, industrial, and transportation sectors.
CCI Score
CCI Score: Modine Manufacturing Inc.
-13.22
Latest Event
Modine Manufacturing Opens New Facility in Franklin Creating 200 Jobs
Modine Manufacturing is leasing a 153,000-square-foot facility in Franklin, backed by $1.6 million in tax increment financing from the City of Franklin, with plans to create 200 full-time jobs by 2029. This expansion is expected to boost local economic development as the company produces thermal management systems for various markets.
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ENABLER
Modine Manufacturing Inc. is currently rated as an Enabler.
Latest Events
- JAN222025
Modine Manufacturing is leasing a 153,000-square-foot facility in Franklin, backed by $1.6 million in tax increment financing from the City of Franklin, with plans to create 200 full-time jobs by 2029. This expansion is expected to boost local economic development as the company produces thermal management systems for various markets.
+30
Labor Relations and Human Rights Practices
March 31
The planned facility is set to provide 200 full-time jobs by 2029, reflecting a commitment to improving labor conditions and supporting workers’ rights, which aligns with progressive, anti-authoritarian principles that uplift community employment.
Modine Manufacturing to open 153,000-square-foot facility in Franklin
+20
Economic and Structural Influence
March 31
The project, partially financed through tax increment financing provided by the City of Franklin, demonstrates a positive collaboration between the company and local government, enhancing community infrastructure and promoting sustainable regional economic growth.
Modine Manufacturing to open 153,000-square-foot facility in Franklin
- JAN222025
Modine Manufacturing announced it will open a new manufacturing facility in Franklin, Wisconsin, which is expected to create 200 jobs by 2029. The facility, spanning 153,000 square feet, will produce thermal management systems for specialty and commercial electric vehicles, and the project is supported by $1.6 million in tax increment financing from the city government.
+50
Labor Relations and Human Rights Practices
March 31
The new facility is projected to create 200 jobs, which supports workers' rights and labor opportunities. This positive development enhances economic prospects for the local workforce and aligns with ethical business practices that prioritize human resources.
+40
Economic and Structural Influence
March 31
The expansion initiative sparks positive economic development by increasing local investment and providing a boost in job opportunities. The support from municipal financing further indicates a collaborative approach to regional economic revitalization, reducing economic inequality.
- JAN012025
Modine Manufacturing Inc. announced a reduction in its Racine, Wis. headquarters workforce by approximately 170 employees (about 25% of the local staff) as part of a global restructuring effort aimed at reducing SG&A costs and restoring profitability amid an economic downturn. The company has also committed to providing support and transition resources for those affected.
-70
Labor Relations and Human Rights Practices
March 31
The mass layoff affecting approximately 170 employees significantly undermines worker rights and job security, reflecting a prioritization of short-term profitability over ethical labor practices. Although the company has pledged transition support, the scale of the reduction—impacting nearly 25% of the Racine workforce—serves as a negative indicator in the context of labor relations and human rights practices.
- DEC312024
Modine Manufacturing Inc. disclosed that it spent $40,000 on lobbying activities in Q4 2024, addressing issues such as HVAC systems, indoor air quality, electric vehicle transitions, and the implementation and oversight of the Inflation Reduction Act.
-20
Political Contributions and Lobbying Efforts
March 31
The disclosed lobbying expenditure, while focused on regulatory and technological issues that are largely progressive (e.g., electric vehicle transitions and environmental standards), still represents corporate political influence. This involvement in policy advocacy, regardless of issue area, is concerning from a democratic accountability perspective and contributes negatively within the Public and Political Behavior category.
Lobbying Update: $40,000 of MODINE MANUFACTURING lobbying was just disclosed
- NOV072024
On November 7, 2024, the National Labor Relations Board processed case 18-CA-354491 involving Modine Manufacturing Inc. The docket indicates a signed charge against the employer and a subsequent letter approving a withdrawal request, suggesting that labor-related grievances were formally raised and addressed in the regulatory process.
-50
Labor Relations and Human Rights Practices
March 31
The filing of an NLRB case with a signed charge against Modine Manufacturing indicates potential issues with labor practices and worker rights. Such actions point towards violations of fair labor standards, which from an anti-fascist perspective undermine worker protections and contribute negatively to the company's ethical responsibility.
- JAN192009
Modine Manufacturing Inc. announced a cost-cutting plan that involves laying off approximately 170 employees and contractors, which represents about 25% of its workforce at its Racine, Wisconsin headquarters. The move is part of a broader strategy to return the company to profitability amid ongoing financial difficulties and a global economic crisis.
-70
Labor Relations and Human Rights Practices
March 31
The decision to cut about 25% of the workforce at the Racine headquarters significantly undermines worker rights and security, reflecting poor labor relations practices. This move, likely aimed solely at reducing short-term costs rather than protecting employees’ welfare, is particularly detrimental from an anti-fascist perspective that values fair labor practices and support for marginalized workers.
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Corporate Financials
- Revenue
- 2022
- $1.05B
- Total Assets
- 2022
- $800.00M
- Operating Income
- 2022
- $70.00M
- Total Equity
- 2022
- $400.00M
Employees: 3,000
Industries
- 332420
- Metal Tank (Heavy Gauge) Manufacturing
- 332999
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- 333415
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
- 336320
- Motor Vehicle Electrical and Electronic Equipment Manufacturing