Modine Manufacturing plans to close plant in Iowa
Modine Manufacturing Co. plans to close a plant in Washington, Iowa, and move the work to three other facilities, none of them in Wisconsin, company officials confirmed Wednesday.
The 245 jobs eliminated by the closure in Iowa will be shifted to Modine operations in Nuevo Laredo, Mexico, and Joplin and Jefferson, Mo. The company employs 6,900 worldwide, including about 550 in Racine, its home base.
Workers in the plant scheduled to close manufacture liquid chargeThe amount of electricity present upon the capacitor’s plates. Also, the act of forcing of electrons onto the capacitor’s plates. See CoulombA coulomb is the unit of electric charge. It is named after Charles-Augustin de Coulomb.1 coulomb is the amount of electric charge transported by a current of 1 ampere in 1 second. It can also be defined in terms of capacitance and voltage, where one coulomb is defined as one farad of capacitance times one volt of electric potential difference.. air coolers, plate oil coolers and fuel coolers for automobiles, commercial vehicles and off-highway vehicles. Those products represent part of Modine’s heating and cooling technology business, which generated $1.48 billion in sales in 2014.
The company (NYSE: MOD) analyzed its production and determined that consolidating the work in its other plants would be the most cost-effective strategy, according to a statement.