Fort Wayne, Ind. (July 30, 2009) — Johnson Controls, Inc. (NYSE: JCI) recently announced that it will add new equipment to its 8710 Indianapolis Road location. The company, which is a global leader in automotive experience, building efficiency and power solutions, is expected to invest $4.2 million in the project. Completion for the two-phase project is scheduled for June 2010.
Johnson Controls is the leading global supplier of lead acid batteries for virtually every type of passenger car, light truck or utility vehicle. The Fort Wayne location has been in operation since 1999, and specializes in the production of vehicle, truck, motorcycle and other equipment batteries.
The project consists of the replacement of waterbath tables that are used to charge the batteries. Phase one of the project replaced six waterbath tables with a cost of $1.9 million. Phase two will replace seven waterbath tables at a cost of $2.3 million.
Johnson Controls requested that taxes on the project be phased in over time. The company will realize $262,419 in savings, while paying $176,199 over a ten year period after the request was approved at last Tuesday’s Fort Wayne Common Council meeting.
About Johnson Controls Inc.
Johnson Controls is a global leader in automotive experience, building efficiency and power solutions. The company has 140,000 employees in more than 1,300 locations serving customers in 125 countries. Founded in 1885, the company has its headquarters in Milwaukee, Wisconsin. For more information on Johnson Controls, visit www.johnsoncontrols.com.