Johnson Controls Reports Record Results & India Plans in New Fiscal Year
Johnson Controls Inc. (JCI) reported record sales of $38.1 billion for its 2008 fiscal year, up 10% from $34.6 billion in 2007, reflecting growth in the company's Building Efficiency, Power Solutions and Automotive Experience businesses. Johnson Controls announced India Plans for the new fiscal year with expansion of the HVAC factory introducing first of its kind locally manufactured products of a US company.
Tweet-- Johnson Controls, Inc., a global leader in sustainable, one-stop life cycle building solutions today announced India Plans for the new fiscal year with expansion of the HVAC factory introducing first of its kind locally manufactured products of a US company.
The new factory is situated in Chakan, Pune and is currently spread over 52,000 sq. feet area manufacturing York Chillers from 80 to 400 TR capacities and customized Process refrigeration packages and navy air conditioning equipment. Commenting on India plans for the new fiscal, Pramoda Karkal, Vice President & Managing Director, Building Efficiency, Johnson Controls India said, “In India we need to have three-pronged strategies by addressing local manufacturing for mid market screw chillers, focusing on large tonnage chiller projects like SEZ, townships etc, having local presence in Tier 2 cities. We also expect a 100% growth in revenues in the next 2 years.”
The green movement started in India over a decade ago and in 2001 CII Godrej GBC was the 1st green building in India with Johnson Controls building automation system. Now green buildings with LEED ratings are growing in numbers exponentially as more end users become aware of sustainability needs. With a relatively miniscule footprint of about 20,000 square feet in the year 2003 today there are approximately 80 green buildings with a footprint of over 25 million square feet already/being constructed in India.
“In the buildings when energy efficiency measures are incorporated during the design stage, the potential for energy savings is 40-50%. ITC Green Centre, Gurgaon, LEED-Platinum rated with 45% energy savings is one of the classical examples in the Indian context among others.” Said Mr. Karkal
Also the existing buildings after implementing retrofitting measures one can save as high as 20-25% of energy and the cost of retrofitting can be recovered in just few years and benefit from the energy savings thereafter
Inorbit Mall, one of the largest malls in Mumbai, has signed the first ever Project Development Agreement (PDA) under the Clinton Climate Initiative’s (CCI) Energy Efficiency Building Retrofit Program. Under the agreement, Johnson Controls will perform energy efficiency retrofits. The project will reduce greenhouse gas emissions by improving the energy infrastructure at the mall while reducing energy costs and operational expenses. Similar agreement is also signed with IFFCO in New Delhi.
Be it integrated heating, ventilating and air conditioning (HVAC), building automation, controls, mechanical equipment, technical services, energy management and consulting and operations of real estate portfolios. Johnson Controls, Building Efficiency business creates quality environments that are energy efficient, comfortable, safe and productive.
Johnson Controls Inc. (JCI) on October 23, 2008 reported record sales of $38.1 billion for its 2008 fiscal year, up 10% from $34.6 billion in 2007, reflecting growth in the company’s Building Efficiency, Power Solutions and Automotive Experience businesses.
“While we face uncertainties in 2009, we begin the year in a strong position with record backlogs in our automotive and buildings businesses, global market leadership and our proven ability to improve our cost structure” said Chairman & Chief Executive Officer Stephen A. Roell.
Johnson Control's is committed to creating green environments to meet our triple bottom line, Environmental Stewardship, Social Responsibility and Economic Prosperity.
“Johnson Controls will aggressively execute our plans and continue to invest for sustainable long-term growth.” said Mr. Roell.
The company said it expects approximately 7% revenue growth in 2009 (9% excluding currency) by its building efficiency business due to higher global demand for its energy efficiency and greenhouse gas reduction solutions for non-residential buildings. The increased demand continues to be driven by the prospects of higher long-term energy prices, a stricter regulatory environment and heightened sensitivity to global climate change issues. Johnson Controls also will benefit in 2009 from its market leading positions in growth markets, especially India, China, Eastern Europe and the Middle East. Building efficiency earnings are forecast to grow at a double-digit rate due to the higher volume and improved cost structure.
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About Johnson Controls
Johnson Controls (NYSE: JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com.