growth
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June 30, 2011
Johnson Controls Inc. is planning to invest $138.5 million to convert its battery plant near Toledo, Ohio, into an Absorbent Glass Mat (AGM) battery facility for start-top and other high efficiency vehicles.
Alex Molinaroli, president for Johnson Controls Power Solutions, said that the company sees the start-stop vehicle technology market growing to 35 million batteries globally by 2015—including batteries not put into new vehicles—with the United States as an important piece of the market. By 2020, JCI projects, demand for start-stop systems in new vehicles will reach 70–92% in Europe, North American and China—essentially supplanting conventional internal combustion engine vehicles.
Johnson Controls’ Toledo investment will add 6 million in AGM battery capacity to the company’s