# Modine opens new production facility in Sremska Mitrovica, Serbia

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.

- Type: New facility
- Announced: 2024-04-23
- Where: Sremska Mitrovica, Serbia
- Value: $29.0M (27.0M EUR)
- Jobs: 350
- Starts operating: 23 Apr 2024
- Status: completed
- Products: coils for heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Modine Manufacturing Company](https://endata.com/companies/2921.md)

## Sources

- [ras.gov.rs](https://ras.gov.rs/en/new-modine-production-facility-in-serbia), 2024-04-23: "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."
- [investors.modine.com](https://investors.modine.com/news/news-details/2024/Modine-Opens-New-Facility-in-Europe-to-Serve-Heat-Pump-Market/default.aspx), 2024-04-23: "The new production facility underscores Modine's commitment to investing in technologies that reduce energy consumption and lower harmful emissions, like heat pumps."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.