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.
State or
country of Percentage
incorporation of voting
Subsidiaries or organizaiton securities Owned by
- -------------------------------------------------------------------------------------
Industrial Airsystems, Inc. Minnesota 100% Registrant
Manufacturera Mexicana de
Partes de Automoviles,
S.A. ("Mexpar") Mexico 100% Registrant<F1>
Modine, Inc. Delaware 100% Registrant
Modine Acquisition Corp. Delaware 100% Registrant
Modine Aftermarket
Holdings, Inc. North Carolina 100% Registrant
Modine Asia K.K. Japan 100% Registrant
Modine Austria Ges.m.b.H Austria 100% Registrant
Modine Holding Ltda.<F2> Brazil 99.9% Modine, Inc.<F3>
Modine of Canada, 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.<F3>
NRF B.V. The Netherlands 100% Modine, Inc.
Modine Climate Systems GmbH Germany 100% Modine Climate
Systems Inc.
Modine Automobiltechnik GmbH Germany 100% Modine Holding GmbH
Modine Bernhausen GmbH Germany 100% Modine Holding GmbH
Modine Europe GmbH Germany 100% Modine Holding GmbH
Modine Grundstucksverwaltungs Germany 100% Modine Holding GmbH
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
_______________________________
<F1> Less than one percent of Mexpar is held by Modine, Inc.
<F2> Modine Holding Ltda. owns a 50% share of Radiadores Visconde
S/A, formerly known as Modine do Brasil Ltda.
<F3> Balance of voting securities held by the Registrant.
State or
country of Percentage
incorporation of voting
Subsidiaries or organizaiton securities Owned by
- -------------------------------------------------------------------------------------
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 GmbH 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.
Thermal International Sales
Corp. Barbados 100% Thermacore, Inc.
Thermacore Korea, Ltd. Korea 100% Thermal Corp.
Thermacore Taiwan, Inc. Taiwan 50% Thermal Corp.
50% Thermacore, Inc.
Thermacore Europe Limited United Kingdom 100% Thermal Corp.