Johnson Controls To Build 3rd China Battery Plant

MILWAUKEE (AP) -- Johnson Controls Inc. said Wednesday it will spend $118 million to build a third auto battery plant in China, as the company aims to increase its presence in that growing automotive market.

The 30,000 square-meter plant, to be located in Chongqing, will produce automotive lead-acid batteries, Johnson-Controls said.

The new plant complements existing plants in Shanghai and Changxing. Together the three plants will produce 18 million auto batteries per year. The company eventually plans to install capacity for 30 million batteries in China by 2015.

The Chongqing plant will start production in 2012 and will have the capacity to build 6 million batteries per year.

Shares of Johnson Controls fell 47 cents Wednesday to close at $31.29.
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