This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Johnson Controls Announces Price Increase For Lead-Acid Batteries

Stocks in this article: JCI





MILWAUKEE, March 7, 2012 /PRNewswire/ -- As a result of increasing environmental, health and safety standards and the investments required to support them, Johnson Controls, Inc., (NYSE: JCI) will implement an 8 percent price increase on lead-acid batteries sold in the United States and Canada for orders starting May 1, 2012.

"Johnson Controls supports the rational tightening of standards such as the National Ambient Air Quality Standard and the National Emission Standards for Hazardous Air Pollutants," said Alex Molinaroli, president, Johnson Controls Power Solutions. "It's the right thing to do to keep up with the latest advancements in environmental, health and safety controls. While we believe our facilities are already best-in-class, the standards have tightened ten-fold, so that will require significant investment."

More stringent national air standards for lead emissions were issued by the United States Environmental Protection Agency in 2008 and again as recently as January 2012. Johnson Controls also anticipates increased standards related to employee safety and employee blood lead levels. According to Molinaroli, the company is investing $162 million on its North American recycling centers to be sure they meet the latest environmental standards, as well as an additional $50 million to further improve the company's already industry-leading employee blood lead levels at its battery manufacturing facilities.

"The investments we're making will be seen throughout the supply chain, ultimately making their way to the consumer," Molinaroli said. "That said, even with these rising costs, the lead acid battery will remain incredibly efficient and the best dollar-for-dollar value for the vital functions it supports."



About Johnson ControlsJohnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 162,000 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. In 2011, Corporate Responsibility Magazine recognized Johnson Controls as the #1 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com.

About Johnson Controls Power SolutionsJohnson Controls Power Solutions is the global leader in lead-acid automotive batteries and advanced batteries for Start-Stop, hybrid and electric vehicles.  Our 50 manufacturing, recycling and distribution centers supply more than one-third of the world's lead-acid batteries to major automakers and aftermarket retailers.  Through our innovations we are building the advanced battery industry for hybrid and electric vehicles.  We were the first company in the world to produce lithium-ion batteries for mass-production hybrid vehicles.  Our commitment to sustainability is evidenced by our world-class technology, manufacturing and recycling capabilities.   

SOURCE Johnson Controls

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,756.83 -21.32 -0.12%
S&P 500 2,063.73 +2.50 0.12%
NASDAQ 4,752.76 +4.3640 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs