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Tires & Rubber Products

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Xingda International issues positive profit alert

6:50am EST

Xingda International Holdings Ltd <1899.HK> : Group is expected to record a significant increase in profit attributable to owners of company for year ended 31 December 2016 .Expected results due to an increase in annual sales volume.

Jiangyin Haida Rubber and Plastic to fully buy foam machine firm for up to 10 mln yuan

Tuesday, 21 Feb 2017 05:30am EST

Jiangyin Haida Rubber and Plastic Co Ltd <300320.SZ> : Says it plans to buy 100 percent stake in a foam machine firm .Says estimated acquisition price up to 10 million yuan.

Jiangyin Haida Rubber and Plastic to set up new energy materials JV with partner

Tuesday, 21 Feb 2017 05:30am EST

Jiangyin Haida Rubber and Plastic Co Ltd <300320.SZ> : Says it plans to set up a new energy materials JV with partner . Says JV's registration capital is 20 million yuan .Says co will hold 55 percent stake in JV.

Cooper Tire & Rubber reports Q4 earnings per share $1.28

Friday, 17 Feb 2017 07:02am EST

Cooper Tire & Rubber Co : Cooper Tire & Rubber Company reports fourth quarter and full year 2016 results; issues 2017 guidance . Q4 earnings per share $1.28 . Q4 sales $784 million versus I/B/E/S view $767.7 million . Q4 earnings per share view $0.92 -- Thomson Reuters I/B/E/S . Qtrly unit volume up 7.7 percent, with increases in both Americas and international segments . Cooper Tire & Rubber Co - for 2017, company anticipates unit volume growth in each of its four segments . Says "expect raw material costs, which began to increase sharply toward end of 2016, to continue to rise in 2017" . Says "expect rising raw material costs to impact results in short term, until pricing adjusts for such costs" . Cooper Tire & Rubber -for 2017, anticipates total co operating margin to be at high end of co's previously announced mid-term target of 8 to 10 percent .Cooper Tire & Rubber Co - capital expenditures for 2017 are expected be in range of $220 to $250 million.

Bridgestone to buy back 50 mln shares for 150 bln yen

Friday, 17 Feb 2017 01:16am EST

Bridgestone Corp <5108.T>: Says it plans to buy back up to 50 million shares(6.4 percent stake) for no more than 150 billion yen . Says the repurchase period from Feb. 20 to Dec. 22 .Says the co to retire 20 million treasury shares and the same amount of the repurchased shares above, effective Jan. 19, 2018.

Siph Q4 revenue up 7.9 pct at 85.4 million euros

Wednesday, 15 Feb 2017 02:00am EST

Siph Sa : Q4 revenue 85.4 million euros ($90.27 million) versus 79.1 million euros year ago .In 2017 the maximum level envisaged by the group for investments would be around 30 million euros and will be adjusted in line with market prospects.

Vamshi Rubber posts Dec-qtr loss

Tuesday, 14 Feb 2017 03:21am EST

Vamshi Rubber Ltd : Dec quarter net loss 4.3 million rupees versus profit 4.4 million rupees year ago .Dec quarter net sales 152.2 million rupees versus 171.4 million rupees year ago.

Kumho Tire says suspension of tire production

Monday, 13 Feb 2017 01:19am EST

Kumho Tire Co Inc <073240.KS> : Says tire production at all domestic workplaces of the company has been suspended on Feb. 12 and Feb. 13, due to a strike .Says it expects to resume production from Feb. 14.

Sumitomo Rubber Industries completes acquisition of Micheldever Group

Sunday, 12 Feb 2017 09:56pm EST

Sumitomo Rubber Industries Ltd <5110.T> : Says it completes acquisition of UK-based firm Micheldever Group Ltd on Feb. 10 (UK local time) .Previous plan was disclosed on Jan. 5.

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