A minority stake in a new US coil venture
Munters announced a manufacturing agreement with heat-exchanger producer Lordan on November 11. Munters will invest $9.5 million for 45% of the venture, while Lordan will own 55%.
The partners plan a coil factory near Munters’ Data Center Technologies site in Selma, Texas. Production is expected to begin in 12 to 18 months, rather than being available at the announcement date.
Seven-year supply agreement
The agreement runs for seven years and includes commitments to manufacture and buy coils at agreed lead times and price levels. Publicly disclosed terms do not specify those quantities or prices.
Lordan will handle daily operations. Munters will contribute staffing and supply-chain resources, aiming to support cooling products including computer-room air handlers and fan walls.
A separate expansion in northern Italy
Munters also plans to acquire an adjoining site at its northern Italian chiller operation. It estimates investment of about €25 million for additional production lines, research and development, and testing facilities over the coming year.
The announcement gives capacity-development plans, without an exact opening date or numerical output target. It does not establish that the additional US or Italian capacity is operating now.
