Auto, Truck & Motorcycle Parts

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NIFCO INC subsidiary to merge with sub-subsidiary

Monday, 15 Dec 2014 08:15pm EST

NIFCO INC:Wholly owned subsidiary Nifco Germany GmbH plans to merge with its wholly owned subsidiary, KTW GmbH Co. KG and its group companies.Merger effective date on Dec. 31.Says KTW GmbH Co. KG and its group companies will be dissolved after the transaction.

TAKAGI SEIKO CORP to offer early-retirement program

Friday, 12 Dec 2014 01:00am EST

TAKAGI SEIKO CORP:To offer an early-retirement program with a subsidiary to employees.Offering period from Feb. 12, 2015 to Feb. 25, 2015.The company expects 230 employees to take the offer.Says the employees who take up the offer will retire on March 31, 2015.The company will provide retirement payment and outplacement support to the retiring employees.

Progress Werk Oberkirch restructures Oberkirch location, lowers outlook for FY 2014, gives FY 2015 revenue forecast in line with analysts' estimates and EBIT forecast below analysts' estimates

Tuesday, 9 Dec 2014 08:45am EST

Progress Werk Oberkirch AG:Restructures Oberkirch location and gives an outlook for future business development.For FY 2014 expects EBIT to be lower at 15 million to 16 million euros.Says for FY 2014 expects revenues of nearly 380 million euros.In FY 2015 sees revenues of around 400 million euros and EBIT of around 19 million euros.Provisions of 4 million euros will still be recognized in current fiscal year for socially compatible personnel adjustments of around 100 employees.Says annual savings in staff and operating costs are expected to reach a total of at least 4 million euros.FY 2014 revenue estimate 378.77 million euros, EBIT estimate 19.50 million euros - Thomson Reuters I/B/E/S.FY 2015 revenue estimate 394.50 million euros, EBIT estimate 21.93 million euros - Thomson Reuters I/B/E/S.

Sung Woo Hitech Co., Ltd. amends effective date of merger with subsidiary

Monday, 1 Dec 2014 11:59pm EST

Sung Woo Hitech Co., Ltd:Amends effective date of merger with subsidiary, SUNGWOO MOLD CO.,LTD, to be Jan. 1, 2015 from Dec. 31, 2014.

Daewonsanup announces merge between subsidiaries

Friday, 28 Nov 2014 03:27am EST

Daewonsanup:Says its subsidiary, YANCHENG DAEWON AUTO PARTS CO.,LTD., to merge with another Korea-based construction subsidiary (target company), which is engaged in auto parts business, to improve operating efficency and create synergy.Merger ratio of 1:0 between YANCHENG DAEWON AUTO PARTS CO.,LTD and target company.YANCHENG DAEWON AUTO PARTS CO.,LTD will survive and the target company will be dissolved after the merger.

KOITO MANUFACTURING CO LTD announces business transfer between subsidiaries and to dissolve subsidiary

Thursday, 27 Nov 2014 02:00am EST

KOITO MANUFACTURING CO LTD:Says Belgium-based subsidiary to transfer its entire business to Czech Republic-based subsidiary, planned effective in April 2015.Says the Belgium-based subsidiary to be dissolved after transaction, planned liquidation completion date in Sep. 2015.

Sung Woo Hitech Co., Ltd. to merge with subsidiary

Sunday, 2 Nov 2014 05:10pm EST

Sung Woo Hitech Co., Ltd:To merge with its wholly owned subsidiary, SUNGWOO MOLD CO.,LTD, to improve operating efficiency and competitiveness.Merger effective date is expected to be Dec. 31.The company will survive and subsidiary will be dissolved after the merger.

Woory Industrial to divest automotive components manufacturing business into new wholly owned subsidiary

Friday, 17 Oct 2014 02:46am EDT

Woory Industrial Co., Ltd:To divest automotive components manufacturing business into a new wholly owned subsidiary.Division effective date of March 1, 2015 and registration date of March 2, 2015.

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