Johnson Controls Forms New Joint Venture to Integrate Seating Mechanisms Capabilities in China

Johnson Controls Forms New Joint Venture to Integrate Seating Mechanisms Capabilities in China PR Newswire SHANGHAI, May 30, 2012 SHANGHAI, May 30, 2012 /PRNewswire/ -- Johnson Controls Yanfeng Mechanisms Co., Ltd. ("JCYM") Supplies State-of-the- Art Products to Major Automakers in China Johnson Controls, a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics, recently signed a contract with Shanghai Yanfeng Johnson Controls Seating Co., Ltd. ("YFJC") to set up a new seating mechanisms joint venture in Shanghai. The new joint venture will be called Johnson Controls Yanfeng Mechanisms Co., Ltd. ("JCYM"). It will supply major automakers in China with a comprehensive seating mechanisms portfolio, including tracks, recliners, adjusters and latches, as well as full service capabilities - from design and engineering of individual mechanisms and related technologies to manufacturing the final products. All current seating mechanisms businesses and capabilities of YFJC and Johnson Controls will be transferred and integrated into this new joint venture. Johnson Controls will also bring into the new joint venture its innovative mechanisms product portfolio which was significantly enhanced after acquiring two highly respected suppliers of premium seating metal structures and mechanisms in 2011 - C. Rob. Hammerstein Group ("CRH") and Keiper.