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Munters forms joint venture with Lordan to manufacture heat exchanger coils in US
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Munters forms joint venture with Lordan to manufacture heat exchanger coils in US
  • Munters Group has agreed to form a US joint venture with heat exchanger manufacturer Lordan to secure supplies of heat exchanger coils.
  • The group will invest USD 9.5 million (about SEK 90 million) for a 45% stake; Lordan will own 55%.
  • A new plant near the group's Selma, Texas, facility is expected to begin production within 12–18 months.
  • The seven-year agreement includes commitments to produce and purchase specified coil volumes at favorable lead times and prices.
  • Lordan will run daily operations, while its partner will provide supply chain and staffing resources.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Munters Group AB published the original content used to generate this news brief via Cision (Ref. ID: 202611110600BITN____UKPR__SV_20261111-BIT-7769-0) on November 11, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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