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Kangyue Technology to set up wholly owned industrial subsidiary

Tuesday, 29 Aug 2017 11:18pm EDT

Aug 30 (Reuters) - Kangyue Technology Co Ltd <300391.SZ> ::* Says it plans to set up a wholly owned industrial subsidiary in Shouguang, Shandong province.* Says the new subsidiary will be capitalized at 30 million yuan and will be engaged in solar photovoltaic modules and photovoltaic products related business .

Changchun Faway Automobile Components to set up Changchun-based branch

Thursday, 24 Aug 2017 10:48pm EDT

Aug 25 (Reuters) - Changchun Faway Automobile Components Co Ltd <600742.SS>:* Says it will set up a Changchun-based branch .

Briggs & Stratton to expand commercial turf operation​

Thursday, 17 Aug 2017 06:00am EDT

Aug 17 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton - ‍Will be moving production of commercial turf operations from current facility in Munnsville, N.Y. to neighboring Sherrill, N.Y.​.Briggs & Stratton Corp - Anticipates some production to begin in spring 2018 and will be fully operational in spring of 2019 for Munnsville facility​.

Briggs & Stratton Corp reports Q4 earnings per share of $0.46

Wednesday, 16 Aug 2017 05:02pm EDT

Aug 16 (Reuters) - Briggs & Stratton Corp :Briggs & Stratton Corporation reports fiscal 2017 fourth quarter and full-year results.Sees FY 2018 earnings per share $1.31 to $1.48.Q4 earnings per share $0.46.Q4 sales $474 million versus I/B/E/S view $537.8 million.Q4 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Sees FY 2018 sales $1.87 billion to $1.92 billion.Briggs & Stratton - ‍announces business optimization program which will generate $30 million to $35 million of annual pre-tax savings​.Briggs & Stratton Corp - ‍total pre-tax expenses related to business optimization program are expected to be approximately $50 million to $55 million​.Briggs & Stratton Corp - capital expenditures are projected to be $80 million to $90 million for 2018.Briggs & Stratton Corp - ‍production of Ferris commercial mowers is expected to begin in new facility in latter half of fiscal 2018.Briggs & Stratton Corp - ‍$24 million to $28 million of pre-tax expenses related to business optimization program​ expected be recognized in fiscal 2018.FY2017 revenue view $1.85 billion -- Thomson Reuters I/B/E/S.Briggs & Stratton - optimization program entails expanding production of Vanguard commercial engines into existing plants in Georgia, Alabama​.

G-Tekt plans to invest 30 mln pounds in Gloucester-based plant of G-TEKT Europe Manufacturing

Wednesday, 9 Aug 2017 04:45am EDT

Aug 9 (Reuters) - G-Tekt Corp <5970.T>:* Says it plans to invest about 30 million pounds in Gloucester-based plant of G-TEKT Europe Manufacturing Ltd, to expand production capacity .

Chuo Malleable Iron to set up casting plant with investment amount of about 4 bln yen

Tuesday, 8 Aug 2017 05:09am EDT

Aug 8 (Reuters) - Chuo Malleable Iron Co Ltd <5607.NG>:* Says it will set up a casting plant, which will be engaged in manufacture of ductile iron products, with investment amount of about 4 billion yen .* The plant will be start operation in January, 2019 .

Sanoh Industrial says recall of products

Monday, 7 Aug 2017 02:27am EDT

Aug 7(Reuters) - Sanoh Industrial Co Ltd <6584.T>:Says it recalls products due to defects of a part of products that produced in unit.

Ningbo Shenglong Automotive Powertrain System unit wins bid for land use right worth 48.4 mln yuan

Tuesday, 25 Jul 2017 02:32am EDT

July 25(Reuters) - Ningbo Shenglong Automotive Powertrain System Co Ltd <603178.SS> ::* Says unit won bid for land use right in Ningbo city worth 48.4 million yuan.

Zhejiang Shuanghuan Driveline completes establishment of investment unit in Hong Kong

Tuesday, 25 Jul 2017 01:58am EDT

July 25 (Reuters) - Zhejiang Shuanghuan Driveline Co Ltd <002472.SZ>:* Says it completed establishment of investment unit in Hong Kong, named SHG INTERNATIONAL INVESTMENT CO.,LIMITED.* The previous plan was disclosed on June 19 .

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