Modine to Supply Hyundai with Approximately $100 Million in Euro-5 EGR Systems
10 April 2007
Hyundai Motor Company has awarded Modine approximately $100 million in business for Modine’s Euro-5 exhaust gas recirculation coolers that will be on engines in new Hyundai passenger cars starting with the 2009 models. These programs are expected to extend to 2014.
Earlier in the year, won more than $143 million in various programs from Hyundai Kia Automotive Group to supply heat transfer products for new Hyundai and Kia commercial vehicles. The $143 million is a combination of new and replacement business that is cumulative over five years and launches from the model years 2006 through 2008.
The Modine heat transfer solutions that will be used include: APTC (air-heated positive temperature coefficient) heaters; EGR (exhaust gas recirculation) coolers; oil coolers; HVAC (heating, ventilating and air conditioning) systems; condensers; and charge air coolers.