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Modine Manufacturing Company opened a new production facility in Sremska Mitrovica, Serbia, with an investment of over EUR 27 million. The facility will manufacture coils for commercial and residential heat pump applications, employing over 350 people with plans for over 700 in three years.
“Over 27 million euros were invested in the factory, employing over 350 people, with an expected annual export surpassing 100 million euros and over 700 employees in the next three years.”ras.gov.rs
Summarized from public sources; check the original articles before acting on it.