European Investment Bank Loan for Johnson Controls: More Research for Environmentally Friendly Automotive Equipment

    European Investment Bank Loan for Johnson Controls: More Research for
                Environmentally Friendly Automotive Equipment

  PR Newswire

  BURSCHEID, Germany, February 28, 2014

BURSCHEID, Germany, February 28, 2014 /PRNewswire/ --

The project will also make an important contribution to the vocational
training of adolescents and young adults

Johnson Controls, a global multi-industrial company with established core
businesses in the automotive, building and energy storage industries, is
strengthening its research and development in the field of eco-friendly
automotive equipment. The European Investment Bank (EIB) is making a EUR 220m
loan available to the company.

"Johnson Controls highly appreciates this loan from the EIB. It will enable us
to further strengthen our research and development activities in the field of
eco-friendly automotive seating solutions," said Jean-Philippe De Waele,
treasurer Europe, Middle East and Africa for Johnson Controls.

Johnson Controls is a technological and market leader in the development of
car seats and complete seating systems in particular. The loan being provided
by the EIB will help Johnson Controls advance its research & development
activities. One of the areas that the company is addressing is reducing the
weight of seats by using lighter materials to further decrease the overall
weight of vehicles. Lighter vehicles will in turn help reduce harmful
emissions. The aim is to help automotive manufacturers comply with
increasingly stringent environmental standards. However, safety aspects also
play an important role for Johnson Controls - the company does not allow for
any compromises in this area. The seats, together with other car interior
components, are intended to be both reliable and durable, as well as to be
produced in a cost-effective manner.  

The project will also make an important contribution to the vocational
training of adolescents and young adults, as part of the loan will support
vocational training programs in Johnson Controls' production plants in
Germany. Around 240 apprentices will benefit from these programs throughout
the duration of the project, helping to safeguard jobs and increase know-how.

"Johnson Controls is one of the industrial enterprises whose commitment to
research and development is well above-average. It thus makes a crucial
contribution to Europe's innovative capability and competitive strengths.
Furthermore, a knowledge-based economy is dependent on a skilled and competent
workforce. The vocational training aspect is therefore another important
element of the funding that has now been made available," said EIB
Vice-President Wilhelm Molterer, whose responsibilities include the Bank's
activities in Germany.

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader
serving customers in more than 150 countries. Our 170,000 employees create
quality products, services and solutions to optimize energy and operational
efficiencies of buildings; lead-acid automotive batteries and advanced
batteries for hybrid and electric vehicles; and interior systems for
automobiles. Our commitment to sustainability dates back to our roots in 1885,
with the invention of the first electric room thermostat. Through our growth
strategies and by increasing market share we are committed to delivering value
to shareholders and making our customers successful.

About Johnson Controls Automotive Experience Johnson Controls is a global
leader in automotive seating, overhead systems, door and instrument panels,
and interior electronics. We support all major automakers in the
differentiation of their vehicles through our products, technologies and
advanced manufacturing capabilities. With 240 locations worldwide, we are
where our customers need us to be. Consumers have enjoyed the comfort and
style of our products, from single components to complete interiors. With our
global capability we supply approximately 50 million cars per year.

For more information, please contact: Johnson Controls GmbH Automotive Seating
Industriestra├če 20-30 51399 Burscheid Germany Oliver Herkert Tel.:
+49-2174-65-4348 E-Mail:  oliver.herkert@jci.com Internet:
http://www.johnsoncontrols.co.uk Follow us on Twitter:   @JCseating
 
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