Johnson Controls Seeks To Accelerate Growth With A New Battery Plant In China

With the addition of this new plant, Johnson Controls will likely be able to accelerate growth in its auto battery segment which constituted roughly 15% of its $42.7 billion revenues last fiscal. In terms of profit contribution, though, the company?s auto battery segment constitutes nearly a third of its total operating profits, as margins in this segment are much higher than those in the remaining segments of the company.
Source: Markets