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Johnson Controls hikes lead-acid battery prices 4 pct

SAN FRANCISCO
Fri Jan 4, 2008 8:07pm EST

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SAN FRANCISCO (Reuters) - Johnson Controls Inc (JCI.N) said on Friday it will raise prices on lead-acid batteries by 4 percent to offset higher raw materials, production and recycling costs.

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Johnson said the increase was not linked to volatility in the lead market, but that costs of other materials such as sulfuric acid and polypropylene had jumped as much as 200 percent in the last six months.

The price increase will take effect March 1, it said.

(Reporting by Scott Hillis; Editing by Gary Hill)
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