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Industrial Machinery & Equipment

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Metso divides its minerals services into two business areas

Friday, 18 Aug 2017 03:00am EDT

Aug 18 (Reuters) - METSO OYJ ::REG-METSO TO DIVIDE ITS MINERALS SERVICES INTO TWO BUSINESS AREAS.REG-METSO TO DIVIDE ITS MINERALS SERVICES INTO TWO BUSINESS AREAS.‍MINERALS SERVICES BUSINESS AREA WILL BE DIVIDED INTO TWO SEPARATE BUSINESS AREAS: MINERALS SERVICES AND MINERALS CONSUMABLES​.NEW ORGANIZATIONAL STRUCTURE WILL BECOME EFFECTIVE AT BEGINNING OF 2018.

Schweiter Technologies reports H1 net revenue of CHF 485.6 mln

Friday, 18 Aug 2017 12:00am EDT

Aug 18 (Reuters) - Schweiter Technologies AG :Schweiter Technologies: growth in revenues and focus on core business 3A composites.Schweiter Technologies - temporary increase in raw material costs,one-off effects led to a lower operating profit in H1 in comparative terms.Schweiter Technologies - in H2, business is expected to continue to develop favourably, with operating result at least on a par with first half.H1 total net income CHF 129.5 million versus CHF 34.5 million last year.H1 net revenues CHF 485.6 million versus CHF 462.5 million in 2016.Selective adjustment of selling prices should have a positive impact on profitability in second half of year.

Tsubaki Nakashima acquires precision bearing components business and takes out loan of 34 bln yen

Thursday, 17 Aug 2017 03:23am EDT

Aug 17 (Reuters) - Tsubaki Nakashima Co Ltd <6464.T>:* Says it acquired precision bearing components business from NN, INC. on Aug. 17 and the previous plan was disclosed on July 10.* Says it takes out a loan of 34 billion yen from The Bank of Tokyo-Mitsubishi UFJ, Ltd, to acquire the business on Aug. 17 .

Hangzhou Hangyang raises 956.4 mln yuan in total in shares private placement

Thursday, 10 Aug 2017 11:16pm EDT

Aug 11 (Reuters) - Hangzhou Hangyang Co Ltd <002430.SZ> ::* Says it raises 956.4 million yuan in total in shares private placement .* Co's top shareholder, Hangzhou Oxygen Plant Group Co Ltd's stake was lowered to 54.4 percent from 61.49 percent .* A Hangzhou-based investment LP raises stake in co to 3.48 percent .

Gem-Year Industrial says merger between units

Wednesday, 9 Aug 2017 05:35am EDT

Aug 9(Reuters) - Gem-Year Industrial Co Ltd <601002.SS>:Says co's Jiashan-based wholly owned logistics unit will merge with co's Jiashan-based wholly owned freight unit .Says the freight unit will be dissolved and co will invest 5 million yuan to the logistics unit after the merger .

Schaltbau Holding revises FY outlook

Tuesday, 8 Aug 2017 07:30am EDT

Aug 8 (Reuters) - SCHALTBAU ::DGAP-ADHOC: SCHALTBAU HOLDING AG: *ACCELERATED RESTRUCTURING LEADING TO NON-OPERATIVE ONE-OFFS; *EBIT GUIDANCE ADJUSTED ACCORDINGLY TO EUR 2 TO EUR 5 MILL. FOR FY 2017; *DR. MARTIN KLEINSCHMITT AS NEW MEMBER OF THE EXECUTIVE BOARD (CRO).‍FY REVENUES OF GROUP ARE EXPECTED AT LOWER END OF GUIDANCE (EUR 520 MILL. TO 540 MILL.)​.‍RESTRUCTURING MEASURES LEAD TO ADDITIONAL ONE-OFFS, WHICH WILL BURDEN EBIT IN H2 2017​.

Atlas Copco buys U.S. compressor distributor

Tuesday, 8 Aug 2017 02:30am EDT

Aug 8 (Reuters) - Atlas Copco Ab ::Says acquires U.S. compressor distributor.Says has acquired certain assets of Glauber Equipment corporation, an Atlas Copco compressed air distributor and service provider.Says the purchase price is not material relative to Atlas Copco's market capitalization and is not disclosed.The business becomes part of the Compressor Technique business area.

Guangdong Yizumi Precision Machinery says merger between units

Friday, 4 Aug 2017 01:48am EDT

Aug 4 (Reuters) - Guangdong Yizumi Precision Machinery Co Ltd <300415.SZ> ::* Says its packaging system unit plans to merge with its precision mould unit .* Says the precision mould unit will be dissolved after transaction .

Hubei Huachangda Intelligent Equipment completes merger between units

Friday, 4 Aug 2017 01:44am EDT

Aug 4 (Reuters) - Hubei Huachangda Intelligent Equipment Co Ltd <300278.SZ> ::* Says its welding equipment unit completes merger of equipment technology unit .* The equipment technology unit has been dissolved.

Andritz H1 net income up at EUR 130.8 mln

Friday, 4 Aug 2017 01:30am EDT

Aug 4 (Reuters) - ANDRITZ AG ::ORDER BACKLOG AS OF JUNE 30, 2017, AMOUNTED TO 6,849.1 MEUR (+0.9% COMPARED TO DECEMBER 31, 2016: 6,789.2 MEUR).‍SALES AMOUNTED TO 2,779.0 MEUR IN FIRST HALF OF 2017 AND WERE THUS AT PRACTICALLY SAME LEVEL AS IN PREVIOUS YEAR'S REFERENCE PERIOD​.‍ORDER INTAKE INCREASED - DUE TO VERY STRONG Q1 - IN FIRST HALF OF 2017 TO 2,771.3 MEUR AND WAS THUS 8.0% HIGHER​.NET INCOME (WITHOUT NON-CONTROLLING INTERESTS) INCREASED IN FIRST HALF OF 2017 TO 130.8 MEUR (H1 2016: 120.2 MEUR).‍FOR 2017 BUSINESS YEAR, ANDRITZ HAS REVISED ITS SALES FORECAST SLIGHTLY AND NOW EXPECTS A MARGINAL DECLINE IN SALES COMPARED TO 2016.​.‍FROM TODAY'S PERSPECTIVE, 2017 PROFITABILITY (EBITA MARGIN) SHOULD AT LEAST REACH SOLID LEVEL OF PREVIOUS YEAR.​.‍EBITA IN FIRST HALF OF 2017 REACHED 207.3 MEUR, +13.3% YOY​.

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