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Industrial Machinery & Equipment

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CW Group's unit enters LOI to form JV

Sunday, 6 Nov 2016 07:06pm EST

Cw Group Holdings Ltd <1322.HK> : On 28 Oct unit entered into a letter of intent in relation to formation of a joint venture company in PRC . LOI in relation to formation of a joint venture company in PRC . Jv company will be established with a registered and paid-up capital of RMB1 million . JV co to be held as to 50% by each of Cwish And Zhejiang Hua Hang, respectively .JV company, will be formed for purpose of delivering state of art industrial design and human-centered process solutions to clients in PRC.

Reliance Worldwide Corporation Pty appoints Gerry Bollman as global chief financial officer

Sunday, 6 Nov 2016 05:10pm EST

Reliance Worldwide Corporation (Aust) Pty Ltd :Appointed Gerry Bollman as its new global chief financial officer, based in Atlanta.

Mesa Labs says acquisition of certain assets and liabilities of Mydent International Corp

Friday, 4 Nov 2016 11:38am EDT

Mesa Laboratories Inc : Mesa Laboratories Inc says acquisition of certain assets and liabilities of Mydent International Corp . Mesa Laboratories Inc says acquisition is expected to be accretive to our diluted net income per share during first 12 months .Mesa Labs acquires additional dental sterilizer testing business.

Chongqing Machinery & Electric entered into sale and purchase agreement

Friday, 4 Nov 2016 10:30am EDT

Chongqing Machinery & Electric Co Ltd <2722.HK>: Total consideration of transactions shall be approximately euro 720,000. . Mario ianchi agreed to sell and company agreed to acquire 35% equity interests in wgp company .Entered into an agreement for sale and purchase of shares and capital injection with Mario Bianchi.

SKF says BMW initiates lawsuit

Friday, 4 Nov 2016 06:55am EDT

Ab Skf : SKF informed of initiation of lawsuit pertaining to settlement with the European Commission . SKF says has been informed of initiation of a lawsuit, with a claim for damages, by BMW and several group companies against bearing manufacturers, including SKF . SKF says amount of damages, if any, should SKF be found liable, is at this stage not possible to determine . Simliar lawsuit filed by Peugeot in March [nFWN16H04E] Further company coverage: [SKFb.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).

Dufu Technology says Lee, Hui-Ta retires as chief financial officer

Friday, 4 Nov 2016 06:54am EDT

Dufu Technology Corp Bhd - :Lee, Hui-Ta retires as chief financial officer.

ITT reports Q3 GAAP earnings per share $0.98

Friday, 4 Nov 2016 06:45am EDT

ITT Inc : ITT reports 2016 third-quarter results . Q3 adjusted earnings per share $0.58 . Q3 GAAP earnings per share $0.98 . Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Says adjusts 2016 full-year guidance . Says recognized an $82 million pre-tax benefit in q3 . Says GAAP revenue is now expected to be down 5 percent to 6 percent in 2016 . Says has initiated a program offering certain former u.s. Employees with a vested pension benefit . Sees 2016 GAAP EPS guidance range to be $1.96 to $2.15 and adjusted EPS guidance range to be $2.20 to $2.30 . Says now expects GAAP EPS guidance range to be $1.96 to $2.15 and adjusted EPS guidance range to be $2.20 to $2.30 in 2016 . FY2016 earnings per share view $2.39, revenue view $2.41 billion -- Thomson Reuters I/B/E/S . Expects to recognize a non-cash pretax pension settlement charge of approximately $18-20 million in Q4 of 2016 . 2016 GAAP revenue is now expected to be down 5 percent to 6 percent, and organic revenue is expected to be down 9 to 10 percent .Says organic revenue is expected to be down 9 to 10 percent in 2016.

Choi Dae Seung buys 5.6 pct stake in Korid

Wednesday, 2 Nov 2016 04:16am EDT

Korid Inc <033430.KQ> :Says Choi Dae Seung has acquired 5.2 million shares of the company, representing a 5.6 percent stake.

UK's CMA might accept Dover, Wayne Fueling deal undertakings

Tuesday, 1 Nov 2016 07:17am EDT

UK's Competition and Markets Authority (CMA) :Undertakings proposed in Dover, Wayne Fueling Systems Ltd deal are appropriate when they are clear-cut, capable of ready implementation.

Milacron Q3 GAAP adjusted non-GAAP earnings $0.36/shr

Tuesday, 1 Nov 2016 07:00am EDT

Milacron Holdings Corp : Milacron Holdings Corp. reports third quarter 2016 results . Q3 adjusted non-GAAP earnings per share $0.36 . Q3 GAAP earnings per share $0.10 . Q3 sales $292.2 million versus I/B/E/S view $302 million . Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Says Q3 2016 new orders $284.3 million versus $275.2 million in Q3 2015 . Sees 2016 capital expenditures of approximately $45 million to $50 million . FY 2016 revenue view $1.20 billion -- Thomson Reuters I/B/E/S .Sees FY 2016 sales $1.17 billion to $1.175 billion.

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