Tuesday, March 30, 2010
Heat Exchangers - A Global Market Perspective - New Market Report Published
With mainstay segments flaunting a broad base, the global heat exchangers market is set to thrive on replacement demand emerging from frequent upgrades and technology attunements. On the end-use front, the industry is witnessing a rapid shuffling of shares with emerging applications in environmental remediation, propped by tightening legislation, increasingly outnumbering the traditional applications within chemical, fuel processing, and power generation sectors. Rising energy prices are expected to be among the major drivers of heat exchanger market growth in the near future.
Modine announces collaboration on heat exchanger technology
RACINE - Modine Manufacturing Co. Tuesday announced a collaboration with Sierra SpA, a European producer of finned pack heat exchangers for use in civil and industrial applications.
Modine said the collaboration will provide Modine's patented Parallel Flow microchannel heat exchanger technology within Europe.
Racine-based Modine said the relationship will enable both Modine and Sierra to expand their capabilities within the European commercial heating, ventilation, air conditioning and refrigeration market.
Modine, with fiscal 2009 revenues of $1.4 billion, specializes in thermal management systems and components. Its products are used in light-, medium- and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment, refrigeration systems, and fuel cells.
The company employs approximately 6,000 people at 32 facilities worldwide in 15 countries. For more information about Modine's Commercial Products Group, visit http://www.ModineHVAC.com.
http://www.journaltimes.com/news/local/article_2574d6e6-368c-11df-8be9-001cc4c03286.html
Modine said the collaboration will provide Modine's patented Parallel Flow microchannel heat exchanger technology within Europe.
Racine-based Modine said the relationship will enable both Modine and Sierra to expand their capabilities within the European commercial heating, ventilation, air conditioning and refrigeration market.
Modine, with fiscal 2009 revenues of $1.4 billion, specializes in thermal management systems and components. Its products are used in light-, medium- and heavy-duty vehicles, heating, ventilation and air conditioning equipment, off-highway and industrial equipment, refrigeration systems, and fuel cells.
The company employs approximately 6,000 people at 32 facilities worldwide in 15 countries. For more information about Modine's Commercial Products Group, visit http://www.ModineHVAC.com.
http://www.journaltimes.com/news/local/article_2574d6e6-368c-11df-8be9-001cc4c03286.html
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