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Modine Shares Climb as Texas Chiller Production Begins

Modine shares rose 5.9% to $109.16 in premarket trading Wednesday after the company said it had begun producing Airedale chillers for data center customers. The move followed a year-to-date decline of 16% through Tuesday’s close.

Modine Shares Climb as Texas Chiller Production Begins

Production is taking place at a new dedicated facility in Grand Prairie, Texas. Modine expects the plant to become its largest Airedale chiller manufacturing site.

The company is targeting four operational 2-megawatt production lines by the end of its current fiscal year. It said the facility is intended to serve growing infrastructure needs among hyperscale cloud providers, co-location operators and high-density artificial-intelligence computing environments.

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