MILWAUKEE (AP) -- Johnson Controls is forming a joint venture with a Colombian automotive battery supplier to build and sell lead-acid batteries in Central and South America, the company said Friday.
The partnership with MAC SA, which is headquartered in Yumbo, Colombia, will expand the footprint of both companies in the Andean region and lead to more exports from Colombia.
Johnson Controls said it has had a presence in the South American battery market for more than a decade. The company also makes automotive interiors and ventilation systems for buildings. MAC also owns a recycling facility in Yumbo which recycles 30,000 tons of lead per year.
Shares of Johnson Controls Inc. rose 17 cents to $31.57.
The partnership with MAC SA, which is headquartered in Yumbo, Colombia, will expand the footprint of both companies in the Andean region and lead to more exports from Colombia.
Johnson Controls said it has had a presence in the South American battery market for more than a decade. The company also makes automotive interiors and ventilation systems for buildings. MAC also owns a recycling facility in Yumbo which recycles 30,000 tons of lead per year.
Shares of Johnson Controls Inc. rose 17 cents to $31.57.
