Climate control company Munters is investing in increased capacity and a strengthened supply chain for its data center operations in the US and Europe, according to a press release.
The company is investing USD 9.5 million, approximately SEK 90 million, for a 45 percent stake in a new joint venture with Lordan in the US. The company will manufacture heat exchanger coils near Munters’ facility in Texas, with production scheduled to start within 12–18 months.
Munters is simultaneously investing approximately EUR 25 million in an expansion of its chiller facility in northern Italy. The investment includes new production lines as well as resources for research, development and testing, and is intended to meet increased European demand.
