Hyundai Places $100 Million Order With Modine

Modine announced late Tuesday that it has received an order worth $100 million from Hyundai for exhaust gas recirculation coolers.

Modine Manufacturing said late Tuesday it has received a $100 million order from Hyundai Motor of Seoul, South Korea.

The order is for Modine’s Euro-5 exhaust gas recirculation coolers for Hyundai’s passenger cars starting in 2009. Modine will continue to provide the components until 2014.

The Wisconsin-based manufacturer will assemble the components at a factory in South Korea and then ship them to Hyundai factories in South Korea and Europe.

Modine is a manufacturer of heating and cooling solutions for the truck, automotive, agriculture, heavy-duty and industrial markets.

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