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Forsta AP-Fonden says accepts GE's bid for Arcam

Thursday, 13 Oct 2016 10:49am EDT

: Fund Forsta AP-fonden says accepts GE's offer for Arcam .Bid expires tomorrow Friday 14 October.

Toshiba's S.Korea unit to commence bankruptcy proceeding

Thursday, 13 Oct 2016 04:33am EDT

Toshiba Corp <6502.T>: Says its S.Korea unit Toshiba Samsung Storage Technology Korea Corporation was ordered by S.Korea's court to commence bankruptcy proceeding .Says total liabilities of Toshiba Samsung Storage Technology Korea Corporation is about 9 billion yen.

Mitsubishi Heavy Industries may spin off ship design division - Nikkei

Wednesday, 12 Oct 2016 12:07pm EDT

: Mitsubishi Heavy Industries Ltd may spin off ship design division - Nikkei . Mitsubishi Heavy Industries Ltd says to focus on ship engines - Nikkei ((Bangalore.newsroom@thomsonreuters.com ;)).

Wartsila issues profit warning

Wednesday, 12 Oct 2016 10:15am EDT

Wartsila Oyj Abp : Wärtsilä estimates net sales and profitability for 2016 to be lower than previously expected . Wartsila oyj abp says wärtsilä now expects its net sales to decline by around 5% and its profitability (comparable operating result as a percent of net sales) to be around 12%. . Wartsila oyj abp says based on delivery schedules, sales and profitability is expected to be concentrated towards q4. . Wartsila oyj abp says revises its sales and profitability guidance for 2016, due to lower than anticipated power plant deliveries in current year .Previously Wärtsilä expected its net sales to grow by 0-5% and its profitability to be 12.5-13.0%..

Toshiba's S.Korea unit to commence civil rehabilitation procedures

Tuesday, 11 Oct 2016 11:25pm EDT

Toshiba Corp <6502.T>: Says its South Korea-based unit, Toshiba Samsung Storage Technology Korea Corporation, to commence civil rehabilitation procedures .Says total liabilities of Toshiba Samsung Storage Technology Korea Corporation is about 9 billion yen.

Kawasaki Heavy to make industrial robots in China - Nikkei

Tuesday, 11 Oct 2016 01:12pm EDT

Nikkei: Kawasaki Heavy to make industrial robots in China - Nikkei . Kawasaki Heavy owns 51 percent of Chinese JV that plans to construct factory in inland city of Chongqing, looking to start production by year-end - Nikkei .Kawasaki Heavy's new industrial robots plant annual capacity expected to reach 1,000 units in first year and rise to 5,000 eventually - Nikkei.

GE Electric to buy LM Wind Power for $1.65 bln

Tuesday, 11 Oct 2016 07:33am EDT

General Electric Co : GE plans to capture more wind with $1.65b acquisition of LM Wind Power a global designer and manufacturer of wind turbine blades . General Electric Co - deal accretive in 2018 . General Electric Co- integration with alstom power is on track . General Electric Co says following closing of deal, GE intends to operate LM Wind Power as a standalone unit within GE renewable energy .General Electric Co- LM Wind Power will continue to be led by its existing management team and be headquartered in Denmark.

GE says gets antitrust clearance for proposed acquisition of Arcam

Monday, 10 Oct 2016 02:00am EDT

General Electric /Arcam AB (Publ) :GE receives antitrust clearance for proposed acquisition of Arcam.

IHI Corp to establish factory for compressors in Turkey - Nikkei

Thursday, 6 Oct 2016 01:33pm EDT

Nikkei: IHI Corp will partner with Dalgakiran Makina on the joint-venture plant to establish a factory for compressors in turkey - Nikkei . IHI Corp aims to begin production in turkey in FY starting April 2018 and reach annual output of about 200 compressors in fiscal 2021- Nikkei .JV plant in Turkey will be 51 pct owned by IHI Corp; around 1.5 billion yen in capital spending is planned - Nikkei.

Hitachi Ltd seeks to sell Hitachi Koki,a portion of Hitachi Kokusai Electric - nikkei

Tuesday, 4 Oct 2016 01:02pm EDT

Nikkei: Hitachi Ltd seeks to sell Hitachi Koki and a portion of Hitachi Kokusai electric for total of more than 100 bln Yen ($972 MLN) - Nikkei .Hitachi Ltd has initiated a bidding process with a goal of unloading the stake by the first half of 2017 - Nikkei.

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