The Longview Economic Development Corporation (LEDCO) Board of Directors voted to approve a retention and expansion plan for Modine (NYSE: MOD), ensuring the existing full-time jobs remain in Longview and encouraging new investment from the company.
Modine, a global thermal management company headquartered in Wisconsin, acquired locally-owned Napps Technology in July of 2023 and continues to manufacture Napps‘ modular heat pump chillers. Over the past year, the company began to consider expanding operations outside of Longview. LEDCO’s emphasis on business retention and legacy industry led to the discovery of Modine’s need to expand and possible relocation of existing operations to another state. LEDCO worked closely with the Modine team to guarantee that they could maintain their presence in Longview and grow their existing footprint here. Because of LEDCO’s initiative, the company has committed to a five-year capital expansion plan that includes the retention of 30 existing jobs and the creation of 22 additional jobs at its Longview operations.
“We appreciate the great support we’ve received in Longview over the years and are excited to be expanding our operations here.” Sam Neale, Vice President and General Manager
“Our economic success in Longview relies heavily on existing industry. I am grateful to Modine for working with us to not only create new jobs, but to protect the crucial existing jobs held by our citizens. LEDCO will always do anything we can to ensure that the businesses in our backyard are in the position they need to be in to thrive.” Wayne Mansfield, LEDCO CEO/President
About Modine
At Modine, we are Engineering a Cleaner, Healthier World™. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentallyfriendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe and Asia.