Johnson Controls opens battery recycling plant in South Carolina

Sept 18 Tue Sep 18, 2012 9:56pm IST

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Sept 18 (Reuters) - Johnson Controls said it opened an automotive battery recycling plant in South Carolina with an investment of about $150 million, creating 250 new jobs.

The company, which makes batteries and interiors for cars, said another 1000 jobs would be created indirectly in the area.

The facility located in Florence would recycle 132,000 metric tons per year, or the equivalent of more than 14 million batteries, the company said.

Shares of the company were trading down about 1 percent at $28.40 on the New York Stock Exchange at midday on Tuesday.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.