Johnson Controls Announces New Business Names
Johnson Controls Announces New Business Names
Market Leadership Extended through Building Efficiency, Power Solutions and Interior Experience.
MILWAUKEE, WISCONSIN, October 11, 2005….Johnson Controls, Inc. (NYSE: JCI) today announced it has adopted new names for its businesses to create greater alignment with its growth strategies and customer focus.
“Our mission to exceed customer expectations gives us the latitude to bring a powerful set of capabilities to our markets and tap into emerging needs and trends, said John M. Barth, Chairman and Chief Executive Officer of Johnson Controls.
“Throughout our 120-year history, Johnson Controls has continued to transform itself for continued success, and 2005 is no exception. The impending acquisition of York International doubles our market opportunity, and by combining our controls expertise with HVAC equipment, we will be advantaged in the marketplace and have strengthened capabilities to penetrate the huge building services market. In the automotive battery market, where we are the undisputed leader, we extended our leadership from the Americas and Europe to Asia, and are prepared to be a strong player in the hybrid vehicle market.
“In automotive interiors, we established a blueprint for continued profitable growth by accelerating cost reductions, leveraging our global footprint and investing in innovative products. We are responsive to the various strategies of our customers, and Johnson Controls has the financial strength to deliver on their expectations.�
Johnson Controls is strengthening its market leadership through the company’s businesses:
Interior Experience — focuses on the world’s largest automakers and responds to their individual requirements, providing innovative interior components and systems that offer best-in-class functions and features. Johnson Controls offering includes seats, instrument panels, cockpits, electronics, door and overhead systems, as well as navigation and entertainment systems, designed to make the driving experience more comfortable, safe and enjoyable.
Building Efficiency — enables facility managers to optimize comfort and energy efficiency in their buildings. As rising fuel prices make energy management even more essential, Johnson Controls helps its customers improve their building systems and reduce their energy-related costs by providing a single source of integrated heating/cooling, lighting, fire and security products and services, supported by the largest building services force in the world.
Power Solutions — services both automotive original equipment manufacturers and the battery aftermarket by providing advanced battery technology, coupled with systems engineering, marketing and service expertise. Johnson Controls produces more than 80 million lead-acid batteries annually, and offers nickel-metal-hydride and lithium-ion battery technology to power hybrid vehicles.
The company unveiled the new names at its Strategic Review and 2006 Outlook meeting with investment analysts in New York.
For fiscal 2004, Johnson Controls (NYSE:JCI) had 120,000 employees across more than 50 countries and revenues of $25.4 billion. The company, founded in 1885, has headquarters in Milwaukee, Wisconsin.