GLENDALE, WIS. - Johnson Controls Inc. is boosting its buying from minority-owned firms and other ``diverse suppliers,'' aiming to double its purchases from such groups within two years.
The company, which includes an automotive interiors unit in Plymouth, Mich., purchased $465 million worth of goods and services from companies owned by minorities, women or veterans last year, as well as those designated by the government as small or disadvantaged businesses.
JCI will top $500 million in those purchases this year and aims to hit $1 billion by 2003, Larry Alles, vice president and general manager of purchasing worldwide for the Glendale-based firm, said July 10. The company will consider a variety of business agreements, including joint ventures and alliances.
``Increasingly, diversity initiatives ... are helping businesses win and retain new customers, and reinforce brand loyalty,'' Alles said.