STOCK TITAN

nVent Expanding Operations to Support Data Centers Growth in Liquid Cooling

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
nVent Electric plc (NYSE:NVT) announced the opening of a new distribution center in Dayton, Minnesota to expand the manufacturing of liquid cooling products for data centers. The company plans to move into the new distribution center by the end of 2023.
Positive
  • None.
Negative
  • None.

New distribution center will allow for expanded liquid cooling manufacturing

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it will open a new distribution center in Dayton, Minnesota. The current distribution center in Anoka will be used to expand the manufacturing of liquid cooling products for data centers. nVent plans to move into the new distribution center by the end of 2023.

nVent Enclosures President Joe Ruzynski said: “With the increasing demand for our liquid cooling solutions, we are excited to expand our manufacturing and distribution footprint to serve our customers. We also are proud to be part of the Minnesota business community and excited about the new jobs we are creating. This is a win for our customers, our employees and the community.”

The acceleration of artificial intelligence (AI), greater data consumption, rising heat densities, and growth in edge computing are driving demand for nVent’s data center solutions offerings, including liquid cooling. nVent provides a comprehensive portfolio of innovative liquid cooling solutions, power distribution, enclosures and cable management to help drive sustainability, resiliency and energy efficiency, while protecting mission critical systems for data centers.

This year, nVent was again recognized as a Top 10 Data Solutions Provider by CIO Applications.

Learn more about nVent’s data solutions offerings at nVent.com/Data-Solutions.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Stacey Wempen

Director, External Communications

nVent

763.204.7857

Stacey.Wempen@nVent.com

Source: nVent

FAQ

What did nVent Electric plc announce?

nVent Electric plc announced the opening of a new distribution center in Dayton, Minnesota.

What is the purpose of the new distribution center?

The new distribution center will be used to expand the manufacturing of liquid cooling products for data centers.

When does nVent plan to move into the new distribution center?

nVent plans to move into the new distribution center by the end of 2023.

Who is the President of nVent Enclosures?

Joe Ruzynski is the President of nVent Enclosures.

nVent Electric plc Ordinary Shares

NYSE:NVT

NVT Rankings

NVT Latest News

NVT Stock Data

11.41B
163.03M
1.04%
94.13%
1.96%
Electrical Equipment & Parts
Special Industry Machinery (no Metalworking Machinery)
Link
United States of America
LONDON