Industrial Machinery & Equipment

Toshiba Machine lowers consolidated mid-year and full year outlook for FY 2016

Toshiba Machine Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 58,500 million yen from 61,300 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 1,300 million yen from 2,600 million yen.Sees a decrease of ordinary profit forecast to...

2:00am EDT

Shenji Group Kunming Machine Tool announces shares transfer

Shenji Group Kunming Machine Tool Co Ltd:Shenji Group to find acquiring party to transfer 133,222,774 shares (25.08 pct stake) of the company.

Thursday, 8 Oct 2015 08:00pm EDT

Guangdong Yizumi Precision Machinery issues Q1 to Q3 2015 net profit outlook

Guangdong Yizumi Precision Machinery Co Ltd:Sees net profit for 2015 Q1 to Q3 to be 51.8907 million yuan to 55.1005 million yuan.Says the net profit of 2014 Q1 to Q3 was 50.9061 million yuan.Comments that decreased raw material costs and increased selling and management costs are the main reasons...

Thursday, 8 Oct 2015 08:00pm EDT

Fastenal Company to acquire regional distributor

Fastenal Company:Signed an agreement to acquire certain assets of Fasteners, Inc. a regional industrial and construction supply distributor with store locations in the states of Washington, Idaho, Oregon, and Montana.Says agreement includes several conditions to close, and we expect to close by the...

Thursday, 8 Oct 2015 06:45pm EDT

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