April 19 (Reuters) - Caterpillar Inc ::Caterpillar names Deerfield, Illinois, as new global headquarters.Company expects about 100 employees to relocate this year, with about 300 people in new headquarters when fully operational in mid-2018.
April 19 (Reuters) - Jain Irrigation Systems Ltd :Investment in united states' micro irrigation dealers- AVI & IDC- transformation irrigation merger.Says consideration for transaction will be paid in cash not exceeding $48.50 million.Says AVI and IDC agree to merge ownership of business to form new distribution co.Via co's unit in U.S. agreed to buy 80 pct stake in two U.S. entities.
China Harzone Industry Corp Ltd <300527.SZ> : Sees Q1 FY 2017 net profit to increase by 94.0 percent to 118.2 percent, or to be 4 million yuan to 4.5 million yuan . Says Q1 FY 2016 net profit was 2.1 million yuan .The reason for the forecast is continues development of emergency traffic engineering equipment business.
Baotou Beifang Chuangye Co Ltd <600967.SS> : Says it will merge with three wholly owned subsidiaries including an equipment manufacturing firm, a casting firm and a special technical equipment firm .The three subsidiaries will be dissolved and become branches after merger.
Anshan Senyuan Road & Bridge Co Ltd <300210.SZ> : Sees Q1 FY 2017 net profit to decrease by 0 to 10 percent, or to be 20.5 million yuan to 22.8 million yuan . Says Q1 FY 2016 net profit was 22.8 million yuan .The reasons for the forecast are increased business income taxes and increased loan interest expense.
Meritor Inc : On march 22, Co's Swedish unit entered into a receivables purchase agreement dated as of March 22 . Meritor-Under new receivables purchase agreement, seller is able to sell to nordea up to 155 million euro of eligible receivables outstanding at any time . Agreement with an affiliate of Nordea Bank AB as purchaser .New receivables purchase agreement is for three-year term, & expires on March 22, 2020.
Hyster-yale Materials Handling Inc : Hyster-Yale Materials Handling, Inc. Announces fourth quarter and full year 2016 results . Q4 earnings per share $0.74 . Q4 revenue $690.6 million versus I/B/E/S view $698.8 million . Hyster-Yale Materials Handling Inc - Q4 2016 lift truck shipments increased 3% . Hyster-Yale Materials Handling Inc says Q4 2016 bookings were approximately 21,900 units compared with approximately 22,000 units for Q4 of 2015 . Hyster-Yale Materials Handling-units and parts revenues are expected to increase in 2017, with greater revenue growth anticipated in first half of year . Hyster-Yale Materials Handling - worldwide backlog for lift truck business was about 29,600 units at Dec 31, 2016 versus about 26,900 units . Hyster-Yale Materials Handling Inc - "commodity costs declined throughout 2016, but are expected to increase in 2017 from low 2016 levels" . Hyster-Yale Materials Handling Inc - "commodities, including steel in particular, remain volatile and sensitive to changes in global economy" .Hyster-Yale Materials Handling - consolidated cash flow before financing activities is expected to be positive & increase significantly in 2017 versus 2016.
Xiamen XGMA Machinery Company Limited <600815.SS>: Says the co reached settlement with the defendants in the lawsuit, which was disclosed on Sep. 27, 2016, regarding business contract dispute .Says the co will get the 119.03 million yuan worth arrears.
Cargotec Oyj : Q4 sales 933 million euros ($996.26 million) (Reuters poll 910 million euros) . Q4 adjusted EBIT 61.0 million euros (Reuters poll: 68.6 million euros) . Q4 EBIT 21.3 million euros (Reuters poll 51.1 million euros) . Q4 order intake 822 million euros (Reuters poll 781 million euros) . Operating profit excluding restructuring costs for 2017 is expected to improve from 2016 . Proposes a dividend of 0.94 euro per share for 2016 (Reuters poll: 0.97 euro per share) . "Profitability improved in Kalmar" .Challenging market situation continued in MacGregor.
Palfinger AG : Again achieved record revenue and earnings in 2016 . Dividend stable at 0.57 euro per share . FY revenue grew by 10.3 percent to 1,357.0 million euros ($1.45 billion) . FY EBIT at record level of 106.0 million euros despite restructuring . FY EBITDAn increased by 11.7 percent to 172.5 million euros and EBITn by 9.1 percent to 123.7 million euros . High level of incoming orders in Q4 of 2016 and in early 2017 . FY consolidated net result for 2016 financial year was 61.2 million euros, 5.0 percent lower than previous year's figure of 64.4 million euros .For 2017 management considers further revenue growth to be realistic in light of satisfactory level of incoming orders in Q4 of 2016 and in early 2017.