EXHIBIT 21
Subsidiaries of the Registrant
The table below indicates each of the Registrant's subsidiaries, each subsidiary's jurisdiction of incorporation, and the percentage of its voting securities owned by the Registrant or its subsidiaries.
| Subsidiaries | State or country of incorporation or organization | Percentage of voting securities | Owned by |
| Industrial Airsystems, Inc. | Minnesota | 100% | Registrant |
Manufacturera Mexicana de Partes de Automoviles, S.A. ("Mexpar") | Mexico | 100% | Registrant (1) |
| Modine, Inc. | Delaware | 100% | Registrant |
| Modine Acquisition Corp. | Delaware | 100% | Registrant |
| Modine Aftermarket Holdings, Inc. | North Carolina | 100% | Registrant |
| Modine Japan K.K. | Japan | 100% | Registrant |
| Modine Austria Ges.m.b.H | Austria | 100% | Registrant |
| Modine Holding Ltda. (2) | Brazil | 99.9% | Modine, Inc. (3) |
| Modine National Sales, Ltd. | Canada | 100% | Registrant |
| Modine Climate Systems Inc. | Kentucky | 100% | Registrant |
| Modine Export Sales Corp. | Barbados | 100% | Registrant |
| Modine Foundation, Inc. | Wisconsin | 100% | Registrant |
Modine Manufacturing Company Foundation, Inc. | Wisconsin | 100% | Registrant |
| Modine of Puerto Rico, Inc. | Delaware | 100% | Registrant |
| Radman, Inc. | Michigan | 100% | Registrant |
| Modine Holding GmbH | Germany | 100% | Modine, Inc. |
Modine Transferencia de Calor, S.A. de C.V. | Mexico | 99.6% | Modine, Inc. (3) |
| NRF B.V. | The Netherlands | 100% | Modine, Inc. |
| Modine Climate Systems GmbH | Germany | 100% | Modine Climate Systems Inc. |
| Modine Korea, LLC | Korea | 100% | Registrant |
| Shanghai Modine Climate Control Co., Ltd. | China | 100% | Registrant |
| Modine Jackson, Inc. | Delaware | 100% | Registrant |
| Modine Automobiltechnik GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Europe GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Grundstucksverwaltungs GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Hungaria Kft. | Hungary | 100% | Modine Holding GmbH |
| Modine Kirchentellinsfurt GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Montage GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Neuenkirchen GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Pontevico S.r.l. | Italy | 100% | Modine Holding GmbH |
| Modine Tubingen GmbH | Germany | 100% | Modine Holding GmbH |
| Modine Uden B.V. | The Netherlands | 100% | Modine Holding GmbH |
| NRF B.V.B.A. | Belgium | 100% | NRF B.V. |
| NRF Deutschland GmbH | Germany | 100% | NRF B.V. |
| NRF Espania S.A. | Spain | 100% | NRF B.V. |
| NRF France SARL | France | 100% | NRF B.V. |
| NRF Handelgesellschaft mbH | Austria | 100% | NRF B.V. |
| NRF Italia SRL | Italy | 100% | NRF B.V. |
| NRF Poland Spolka Z.O.O. | Poland | 100% | NRF B.V. |
| NRF Switzerland AG | Switzerland | 100% | NRF B.V. |
| NRF UK Ltd. | United Kingdom | 100% | NRF B.V. |
| Thermacore International, Inc. | Pennsylvania | 100% | Registrant |
| Thermacore, Inc. | Pennsylvania | 100% | Thermacore International, Inc. |
| Thermal Corp. | Delaware | 100% | Thermacore, Inc. |
| MR 1, Inc. | Pennsylvania | 100% | Thermacore, Inc. |
| Thermacore Korea, Ltd. | Korea | 100% | Thermal Corp. |
| Thermacore Taiwan, Inc. | Taiwan | 50% 50% | Thermal Corp. Thermacore, Inc. |
| Thermacore Europe Limited | United Kingdom | 100% | Thermal Corp. |
(1) Less than one percent of Mexpar is held by Modine, Inc.
(2) Modine Holding Ltda. Owns a 50% share of Radiadores Visconde S/A, formerly known as Modine do Brasil Ltda.
(3) Balance of voting securities held by the Registrant