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Capstone Turbine reports Q4 loss per share of $0.25

Thursday, 9 Jun 2016 04:15pm EDT

Capstone Turbine : "Believe we are firmly on path of reducing our cost structure by 35%" . Bookings for Q4 were $18.3 million compared to $13.7 million in year-ago Q4 . Capstone Turbine reports fourth quarter and full-year fiscal 2016 financial results . Q4 loss per share $0.25 . Q4 revenue $18.9 million versus i/b/e/s view $19.1 million .Q4 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S.

Shares of China's Ceepower to resume trade pending restructuring plan

Tuesday, 7 Jun 2016 08:00am EDT

Ceepower Co Ltd <300062.SZ> :Says its shares to resume trade on June 8 pending restructuring plan.

CSG Smart Science and Technology completes dissolution of subsidiary

Monday, 16 May 2016 11:17pm EDT

CSG Smart Science and Technology Co Ltd <300222.SZ> :Says it completes the dissolution of its Sichuan-based technology controlling subsidiary.

Greiffenberger AG : start of restructuring in subgroup ABM

Wednesday, 4 May 2016 08:21am EDT

Greiffenberger AG:Start of restructuring in the subgroup ABM.By forthcoming measures up to 120 jobs will be cut in ABM.To bring their own cost structures to an internationally competitive level and continue to improve, the second production site in Lublin (Poland) to be extended.

Changjiang Runfa Machinery to dissolve wholly owned elevator parts trading unit

Wednesday, 27 Apr 2016 08:00pm EDT

Changjiang Runfa Machinery Co Ltd:To dissolve wholly owned elevator parts trading subsidiary based in Zhang Jiagang city.Dissolution of unit is to improve management efficency.

Teco Electric & Machinery subsidiary to merge with sub-subsidiary

Wednesday, 20 Apr 2016 05:25am EDT

Teco Electric & Machinery Co Ltd:Wholly owned subsidiary Motovario S.p.A to merge with wholly owned sub-subsidiary TECO EMM S.R.L.TECO EMM S.R.L. will dissolve after merger.

Harju Electrics Ltd to merge its Estonian units

Tuesday, 5 Apr 2016 06:00am EDT

Harju Electrics Ltd:To merge the metal factories of group’s Estonian units, AS Harju Elekter Elektrotehnika and AS Harju Elekter Teletehnika.Merger of factories will be realised over the course of 2016.By merger to consolidate sheet metal processing resources, capability and knowhow of group into as Harju Elekter Teletehnika.Aim of restructuring is to focus operations of AS Harju Elekter Teletehnika as a manufacturer of competitively priced sheet metal products, both towards the Group’s companies as well as external customers, optimise costs and achieve more efficient use of resources.

Beijing Hezong Science &Technology to liquidate and dissolve subsidiaries

Monday, 7 Mar 2016 02:48am EST

Beijing Hezong Science &Technology Co Ltd:Says to dissolve and liquidate a Beijing-based metal products subsidiary and a Beijing-based electrical technology subsidiary.

Fenner Plc says to restructure N.American conveyor belt unit

Wednesday, 13 Jan 2016 02:18am EST

Fenner Plc:Restructuring of ECS Americas and AGM update.Refocusing and rationalisation of its conveyor belt manufacturing facilities in north america in response to significantly changed dynamics in us coal industry.Envisaged that these measures will result in a reduction of over 20 per cent of ECS americas' headcount which, at Dec. 31 2015, stood at just over 800.Significant additional savings in support functions, overheads and administration, measures to address underperforming non-belt manufacturing activities.Majority of retrenchments are expected to be completed by end of january 2016.Savings will offset impact of further recent volume declines seen in business.Sees in FY17, financial returns of ECS Americas will start to return towards historic levels, despite revenues being less than one-half of those achieved at peak.AEP outlook remains in line with previous expectations.Outlook for majority of group remains in line with previous expectations.Change of focus within coal sector towards those customers who are able to withstand challenges presented in their markets​.Closure of majority of belt manufacturing facility at Port Clinton, Ohio (one of two such facilities operated by ECS in North America.Annual cost savings arising from restructuring are expected to amount to 10 mln stg, commencing in second half of this financial year​.

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