EXHIBIT 20
NEWS RELEASE
Immediate
Gerald J. Sweda
(262) 636-1361
Modine expects steady sales for one more fiscal year
RACINE, Wis., June 9, 2000 - Modine Manufacturing
Company (NASDAQ:MODI) expects sales in the fiscal year ending
March 31, 2001, to be about the same as the year before,
setting the stage for more rapid growth afterwards, according
to the company's Annual Report that was mailed to
shareholders today.
"Our company is well positioned now," said Chairman
Richard T. Savage and President and CEO Donald R. Johnson,
"with the required capacity in place to take advantage of new
business programs stemming from our developmental activities.
Some of these will begin later in this new fiscal year, and
we expect large, incremental increases over the next several
years, coming from increased market penetration and new
product lines."
Modine is a world leader at solving heating and cooling
problems in vehicles, buildings, and off-highway and industrial
equipment. Modine has annual sales of more than $1 billion and
has about 8,300 employees worldwide. Modine can be found on the
Internet at www.modine.com.
This news release's forward-looking statements about sales
involve risks and uncertainties, as detailed on page 17 of the
2000 Annual Report to shareholders.
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