Profile: Johnson Controls Inc (JCI)
10 Dec 2013
Johnson Controls, Inc. (Johnson Controls), incorporated on July 31, 1900, manufactures, installs and services automatic temperature regulation systems for buildings. The Building Efficiency business is engaged in designing, producing, marketing and installing integrated heating, ventilating and air conditioning (HVAC) systems, building management systems, controls, security and mechanical equipment. The Power Solutions business is a global supplier of lead-acid automotive batteries for virtually every type of passenger car, light truck and utility vehicle. The Automotive Experience business is an automotive supplier, providing interior systems through the Company's design and engineering expertise. On March 26, 2012, Pricol Pune Limited became a 50:50 joint venture company of Pricol Limited and the Company. In April 2012, Emerson Electric Co acquired the Marine Container and Boiler business of the Company. In May 2013, Johnson Controls Inc acquired the remaining 50% interest in Tata Johnson Controls Automotive Ltd from its joint-venture partner Tata Autocomp Systems Ltd, a unit of Tata Sons Ltd. On September 27, 2013, the Company sold its HomeLink business to Gentex Corporation. Effective November 8, 2013, Johnson Controls Inc acquired a 90% interest in MAC SA.
Building Efficiency is engaged in delivering integrated control systems, mechanical equipment, services and solutions designed to improve the comfort, safety and energy efficiency of non-residential buildings and residential properties with operations in 59 countries. Building Efficiency sells its control systems, mechanical equipment and services primarily through the Company's global network of sales and service offices. The Company's systems include York chillers, industrial refrigeration products, air handlers and other HVAC mechanical equipment that provide heating and cooling in non-residential buildings. The Company also produces air conditioning and heating equipment for the residential market.
The Company competes with Honeywell International, Inc.; Siemens Building Technologies, an operating group of Siemens AG; Schneider Electric SA; Carrier Corporation, a subsidiary of United Technologies Corporation; Trane Incorporated, a subsidiary of Ingersoll-Rand Company Limited; Daikin Industries, Ltd.; Lennox International, Inc.; Goodman Global, Inc; CBRE, Inc.; and Jones Lang LaSalle, Inc.
Automotive Experience designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. The business produces automotive interior systems for original equipment manufacturers (OEMs) and operates approximately 240 wholly- and majority-owned manufacturing or assembly plants, with operations in 33 countries worldwide. Automotive Experience products and systems include complete seating systems and components; cockpit systems, including instrument panels and clusters, information displays and body controllers; overhead systems, including headliners and electronic convenience features; floor consoles; and door systems.
The Company competes with Lear Corporation, Faurecia SA and Magna International Inc.
Power Solutions services both automotive OEMs and the battery aftermarket by providing energy storage technology, coupled with systems engineering, marketing and service expertise. The Company is the producer of lead-acid automotive batteries, producing and distributing approximately 135 million lead-acid batteries annually in approximately 60 wholly- and majority-owned manufacturing or assembly plants and sales offices in 15 countries worldwide.
The Company competes with Exide Technologies, GS Yuasa Corporation, East Penn Manufacturing Company and Fiamm Group.
Johnson Controls Inc
5757 N GREEN BAY AVENUE
P O Box 591
MILWAUKEE WI 53201
Company Web Links
- Johnson Controls sets $3.65 billion share repurchase, hikes dividend
- Johnson Controls sets $3.65 bln share repurchase, hikes dividend
- BRIEF-Johnson Controls announces three-year $3.65 bln share repurchase program, raises quarterly dividend 16 pct
- Johnson Controls seeks to curtail auto interiors unit
- CORRECTED-UPDATE 1 -Johnson Controls seeks to curtail auto interiors unit