02:00 PM EDT, 07/29/2025 (MT Newswires) -- Modine Manufacturing ( MOD ) said Tuesday it will invest $100 million to expand US manufacturing capacity for Airedale by Modine data center cooling products.

The investment, responding to demand from US hyperscale and co-location data center customers, over the next 12-18 months will expand manufacturing at four sites to support data center growth, the company said.

"With the increasing demand for our solutions and this investment in additional manufacturing and testing capacity, we believe that our total data centers revenue can approach $2 billion in our fiscal 2028," said Chief Executive Neil Brinker.

"We're in an era of enormous growth in digital infrastructure in the US," he added.

The shares were up over 8% in recent trading.

Price: 114.73, Change: +9.21, Percent Change: +8.73