Auto / Truck / Motorcycle Parts
YUTAKA GIKEN CO LTD to Close Factory
YUTAKA GIKEN CO LTD announce that it will close a factory located in Takaoka, Japan, which has been engaged in the manufacture of two-wheeled vehicle parts and general parts in late June 2013.
SHOWA CORP to Close Nagoya Business Center; to Offer Early-retirement Program
SHOWA CORP announced that it has decided to close its Nagoya Business Center. The Company has also decided to offer an early-retirement program, during the period from October 1, 2013 to October 14, 2013. The Company expects approximately 300 employees, including employees of Nagoya Business Center, who are over 45 years old, to take up the offer. The retirement will be conducted during the period from March 31, 2014 to May 31, 2014. The Company will provide retirement payment and special allowance, as well as reemployment support.
Nittan Valve Co Ltd Announces Outcome of Early-retirement Program; Expects Extraordinary Loss for FY 2013
Nittan Valve Co Ltd announced that 50 employees have taken up the offer of the early-retirement program, which was announced on March 29, 2013. The Company expects JPY 751 million extraordinary loss on the retirement payment for the fiscal year ended March 2013.
FinnvedenBulten AB Concentrates European Magnesium Die Casting to Poland and Intends to Find New Owners for Aluminum Operation in Sweden
FinnvedenBulten AB announced that the Company's Finnveden Metal Structures division intends to streamline its foundry operation by concentrating its European magnesium die casting to the factory in Poland. The factory in Sweden will be streamlined for aluminum die casting and the Company’s intention is to find new owners for it. Implementation is scheduled for completion in 2013. In total 50 people will be affected by the restructuring. Union representatives have been informed and summoned to negotiations, which will begin as soon as possible.
G S Auto International Ltd Announces Scheme Of Amalgamation
G S Auto International Ltd announced that the Board of Directors of the Company at its meeting held on May 27, 2013, inter alia, have approved the amalgamation of M/s G.S. Automotives Private Limited, Ludhiana, the transferor Company, with the Company, with effect from April 01, 2012 (being the appointment date) on the basis of the Audited Results of both the Company as at March 31, 2012, through a Scheme of Amalgamation. The Scheme envisages an exchange ratio of 118 equity shares of the face value of INR5.00 each, fully paid-up, of G.S. Auto International Limited, Ludhiana for every 100 equity shares of the face value of INR10.00 each, fully paid-up, of G.S. Auto International Limited.
Haldex AB Initiates Restructuring Program Including Headcount Reduction
Haldex AB announced that the Company has initiated a restructuring program focusing on consolidation of key processes and functions, optimization of Sales and G&A costs, transformation of the European footprint and product rationalizations. The program also includes asset write-downs of SEK 98 million, relating to foot print transformation and product rationalization. The total cost of the program will be SEK 250 million with a cash effect in the range of SEK 150 million, and will be rolled out from May 2013 until 2015, and includes a headcount reduction of more than 200 employees as well as other operating cost reductions.
SEIREN CO LTD Announces Merger between Subsidiaries
SEIREN CO LTD announced that its two Fukui-based wholly owned subsidiaries will merge effective July 1, 2013. The subsidiary engaged in the planning and sewing of women's clothes and electronics related materials will be survived and the subsidiary engaged in the sewing of clothing and automobile related materials will be dissolved.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
|
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Provider: Thomson Reuters StreetEvents
|
$39.00
|
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Provider: Zacks Investment Research Inc.
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$10.00
|
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Provider: Auerbach Grayson & Co., Inc.
|
$25.00
|
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Provider: John Keells Stock Brokers (Pvt) Limited
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$10.00
|
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