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Autoliv to make strategic review to split business

Thursday, 14 Sep 2017 01:00am EDT

Sept 14 (Reuters) - Autoliv Inc , ALIVsdb.ST:Autoliv initiates strategic review of separating its business segments, passive safety and electronics.Says intent is to create two publicly traded companies capable of addressing two distinct, growing markets.Says although strategic review has been initiated there is no guarantee that review will result in any transaction.Says if separation takes place, process is estimated to take around one year under most separation scenarios.

Autoliv sets financial targets for 2020

Thursday, 14 Sep 2017 01:00am EDT

Sept 14 (Reuters) - Autoliv Inc :Autoliv - will outline its strategy for shareholder value creation and sets 2020 targets for passive safety and electronics as standalone entities.Says sets 2020 targets for passive safety and electronics as standalone entities..Says 2020 targets for passive safety as a standalone entity are as follows:.Says to surpass $10 billion in sales, indicating an annual growth rate of around 8% from 2017.Says to increase its current passive safety market share from 39% to 45% or more..Says to reach an adjusted* operating margin of around 13%..Says in addition, passive safety's 2022 target and ambition for 2025 is to maintain its market share and to grow sales at least in line with passive safety market.Says 2020 targets for electronics as a standalone entity are as follows:.Says to reach $3 billion in sales, indicating an annual growth rate of 10% from 2017.Says this target includes that active safety surpasses $1 billion in sales..Says electronics targets an adjusted* operating margin of 0-5% in 2020..Says in addition, for 2022, electronics' targets sales of around $4 billion.Says for 2022, active safety targets sales of around $2 billion.Says for 2025, electronics' ambition is to surpass $6 billion in sales, with active safety sales of around $4 billion.Says if separation takes place, process is estimated to take around one year under most separation scenarios.Says updates some of its end of decade (2019) targets, under current corporate structure.

Wuling Motors Holdings says Guangxi Automobile entered into compensation agreements

Wednesday, 13 Sep 2017 08:01am EDT

Sept 13 (Reuters) - Wuling Motors Holdings Ltd <0305.HK>::Guangxi Automobile entered into compensation agreement I and compensation agreement II.Guangxi Automobile will compensate wuling industrial for related costs and losses incurred in relocation in total amount of RMB41 million.Guangxi Automobile will compensate wuling industrial for reconstruction costs for punching workshop in amount of RMB7.8 million.Wuling Industrial to demolish and vacate properties of welding parts plant situated on land parcel I and land parcel II.

Bulten to invest 177 mln SEK in new plant in Poland

Monday, 11 Sep 2017 10:00am EDT

Sept 11 (Reuters) - Bulten Ab :Bulten AB (publ) has decided to invest around PLN 80.5 million (approximately SEK 177 million) in a new strategically important production and logistics plant in Poland to meet future volumes.The set-up, which is conditional upon obtaining the required permits, will start in 2017 and production is expected to start in the first half of 2019.

Berry Genomics to swing to profit in Q1 to Q3 of FY 2017

Thursday, 31 Aug 2017 10:23pm EDT

Sept 1(Reuters) - Berry Genomics Co Ltd <000710.SZ>:Sees it will swing to net profit at 135 million yuan to 165 million yuan in Q1 to Q3 of FY 2017 versus net loss at 6.8 million yuan year ago .Says that asset restructuring as the main reason for the forecast.

Hella to expand capacity at Shanghai electronics plant

Wednesday, 30 Aug 2017 03:59am EDT

Aug 30 (Reuters) - Hella :Says expanding its production capacities in China and further developing its electronics plant in Shanghai.Says a new building will be added to the existing site, with building work starting in September, series production to start mid-2018.Says this will be followed by a fundamental restructuring of the existing plant.

EDAG Engineering sees FY growth in revenues of up to 5%

Thursday, 17 Aug 2017 02:00am EDT

Aug 17 (Reuters) - EDAG ENGINEERING GROUP AG ::EDAG ENGINEERING GROUP AG: POSITIVE REVENUES FORECAST FOR 2017, GOOD CASH-FLOW DEVELOPMENT IN H1.REVENUES IN FIRST SIX MONTHS OF BUSINESS YEAR WERE AT 351.4 MILLION EUROS AFTER 362.6 MILLION EUROS IN PREVIOUS YEAR.H1 ADJUSTED EBIT LEVELLED AT 14.2 MILLION EUROS (PREVIOUS YEAR: 22.5 MILLION EUROS).FOR FULL YEAR, A POSITIVE REVENUE DEVELOPMENT IS EXPECTED.EXPECTS A GROWTH IN REVENUES OF UP TO 5% AND AN ADJUSTED EBIT-MARGIN OF 4-6% FOR FULL YEAR.

Depo Auto Parts Ind to liquidate unit Depo Enterprise L.L.C

Thursday, 10 Aug 2017 05:53am EDT

Aug 10 (Reuters) - Depo Auto Parts Ind Co Ltd <6605.TW> ::* Says it decides to liquidate its unit Depo Enterprise L.L.C.

Daytona to acquire DIRTFREAK and PLUS for 497 mln yen

Monday, 7 Aug 2017 03:11am EDT

Aug 7 (Reuters) - Daytona Corp <7228.T>:Says it plans to acquire 64 percent stake (6,660 shares) in an Aichi-based firm DIRTFREAK on Oct. 2, which is mainly engaged in motorcycle and cycle related business .Says it plans to acquire 3,750 shares of DIRTFREAK via stock swap and fully acquire DIRTFREAK on Oct. 3.Says it plans to fully acquire an Aichi-based firm PLUS Co.LTD. on Oct. 2, which is mainly engaged in internet mail order business of two wheels aftermarket parts.Says acquisition price is 497 million yen in total.Says DIRTFREAK's shareholder (100 percent holding), an Aichi-based firm, will acquire 10.1 percent stake (237,375 shares) in the co and become co's second biggest shareholder, on Oct. 3.

Enterex International completes merger between units

Tuesday, 1 Aug 2017 04:15am EDT

Aug 1 (Reuters) - Enterex International Ltd <1592.TW> ::* Says co's Yangzhou-based car material industry unit merges with co's car material manufacturing unit and auto air-conditioning tech unit, on July 31.* Says the car material manufacturing unit and auto air-conditioning tech unit are dissolved after transaction.

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