Modine Manufacturing to expand Europe production to serve growing heat pump market

Heat transfer coil manufacturer Modine Manufacturing Company is expanding operations at its current location in Sremska, Serbia, to meet growing demand from the heat pump market in Europe. When complete later this year, the new facility will be a dedicated manufacturer of coils for commercial and residential heat pump applications.

“We are excited to expand our manufacturing operations in Serbia to serve our key customers in Europe and beyond,” said Eric McGinnis, president, Climate Solutions. “The market for heat pumps is experiencing tremendous growth in Europe and we want our manufacturing centers closer to our key customers. Serving them with best-in-class heat transfer technology that reduces energy consumption and lowers harmful emissions is one way Modine lives out our purpose of engineering a cleaner, healthier world.”

The heat pump market in Europe is experiencing significant double-digit growth. Government regulation to reduce fossil fuel consumption and greenhouse gas emissions across industries has led to increased policy support and incentives to install heat pumps. The International Energy Agency forecasts that annual heat pump sales in the European Union alone will reach 7 million units by 2030, up from 2 million in 2021.

Modine has decades of experience manufacturing high-quality heat transfer coils for HVAC contractors, integrators, distributors and original equipment manufacturers. Modine Serbia was established in 2014 to manufacture heat transfer coils used primarily in commercial refrigeration and HVAC applications. Over the years the facility received new investment and was expanded in 2019 to support the growing heat pump market. The new facility will be located next to the existing plant.