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Modine Hungária projects €16.5 mln revenue in 2011-2012

US-based Modine Manufacturing's plant in Gyöngyös (NE Hungary) projects revenue of €16.5 million in the business year started April 1, plant director Géza Szakács said on Tuesday.

Modine, which designs and manufactures thermal management products, inaugurated a $12 million plant in Gyöngyös in the autumn of 2008. The plant, the company's second in Hungary after one in Mezőkövesd (NE Hungary), makes vehicle cooling systems.

Modine Hungária had net revenue of HUF 14.44 billion in the business year ended March 31, 2010, down 33% from the previous year, public records show.