Johnson Controls to Implement Price Increase for Batteries
MILWAUKEE, Jan. 4 /PRNewswire/ — Johnson Controls, Inc., announced today it will institute a 4 percent price increase across the board to its lead-acid battery customers, effective March 1, 2008.
“As a global leader in the industry, Johnson Controls continues to drive innovation and productivity improvements to keep costs down for our customers,” said Alex Molinaroli, president of Power Solutions for Johnson Controls. “However, over the past year we have seen unusual increases in the price of raw materials and other costs associated with production and recycling. For example, costs of key raw materials such as sulfuric acid and polypropylene have increased as much as 200 percent in the last six months.”
While instability in the lead market has also been a challenge over the past year, the company reports that this price increase is not associated with lead.
“We have worked closely with our customers to develop programs that fairly address volatility in the lead market. This increase reflects other extraordinary cost increases that we simply can no longer absorb,” Molinaroli said.
About Johnson Controls
Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.