Bruce McDonald, chief financial officer of Johnson Controls , said the company will continue to expand its business in China. It is estimated that by 2014, the growth rate of the automotive division will reach 11%.
Johnson Controls is currently building a regional headquarters plant in Shanghai, which will occupy an increasingly important position in the global architecture. CEO Alex Molinaroli said, "We need to invest more in the Chinese market than just participating in it. When we talk about the company's future development, we are talking about Milwaukee and Shanghai."
Alex Molinaroli mentioned that Johnson Controls will take steps throughout the year to increase the productivity of all its business units.
In addition, although the company is making changes to some businesses, he said that there are many alternatives that are still under discussion. He said, "Don't always think that we have to peel off the interior business. I think the customer's buying method and profitable business model will change. We already know how to do it is not profitable."
"We believe that there will be changes in the industry, and we want to be proactive rather than reactive," added McDonald. "We know that something will change. We want to seize the opportunity and not want to fall behind."
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