Heavy Machinery & Vehicles
Cargotec Oyj:MacGregor, part of Cargotec, creates a new division 'Advanced Offshore Solutions' by merging its two Norway-based divisions and combining the strengths in offshore mooring, loading and load handling businesses.With the new joint division MacGregor aims to gain synergies and improve the operations as well as customer service.Hoye G. Hoyesen has been appointed to lead the new Advanced Offshore Solutions division, which will become operative on Jan. 1, 2016.
Aerosun Corp:To set up a wholly owned subsidiary with registered capital of 50 million yuan in Nanjing.The new subsidiary to be engaged in art engineering design construction general contract.
Jiangsu Rainbow Heavy Industries Co Ltd:Says its subsidiary completes establishment of a 100 pct owned subsidiary Runfin Technology Oy in Finland with a registered capital of 2,500 euro, on Oct. 28.Plan disclosed on Oct. 24.
Hubei Guochuang Hi-tech Material Co Ltd:To establish a new wholly owned Wuhan-based highway engineering test subsidiary, with registered capital of 30 mln yuan.
Jiangsu Rainbow Heavy Industries Co Ltd:Says its subsidiary to set up a 100 pct owned subsidiary Runfin Technology Oy in Finland with a registered capital of 2,500 euro.Says Runfin Technology Oy to be engaged in purchase and sale of mechanical equipment and related parts.
Jiangsu Rainbow Heavy Industries Co Ltd:Sees net profit for Q1 to Q3 of 2015 to decreased 80 pct to 95 pct, or to be 4,476,800 yuan to 17,907,100 yuan.In the previous outlook, the company expected the net profit for 2015 to decreased 80 pct to 95 pct.The net profit of the same period in 2014 was 89,535,600 yuan.Comments that decreased sales income as the main reasons for the forecast.
XCMG Construction Machinery Co Ltd:To set up military department for the military and civilian integration strategy.
XCMG Construction Machinery Co Ltd:To invest 100 mln yuan to set up a wholly owned Xuzhou-based environmental technology subsidiary.
Zoomlion Heavy Industry Science and Technology Co Ltd:To invest 1 bln yuan to set up a wholly owned Shenzhen-based asset management company.