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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV