Construction of the plant, located in Changxing County in Zhejiang province, is scheduled to start in January, pending government approvals and licensing, the company said in a statement. Production is expected to begin in 2010, it said.
(Dow Jones)
Johnson Controls, Inc. (NYSE: JCI) is a company, based in Milwaukee, Wisconsin, USA. It was founded in 1885 by professor Warren S. Johnson, inventor of the first electric room thermostat. It is a Fortune 500 diversified, multi-industrial company with 140,000 employees in 1,300 locations across six continents.
It has achieved consistent growth that includes 61 consecutive years of increased sales, 17 consecutive years of increased earnings, and 33 consecutive years of dividends increases.
Johnson Controls operates three business units: Automotive Experience, Building Efficiency and Power Solutions.
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