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Tires & Rubber Products

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Goodway Integrated Industries clarifies on article

Friday, 16 Jun 2017 07:01am EDT

June 16 (Reuters) - Goodway Integrated Industries Bhd :Clarifies on article published by edge financial daily.clarifies co did not announce in april regarding "establishing an investigation committee to probe alleged irregularities".audit report for fy2016 stated management had not performed impairment test on carrying amount of plant & equipment of rm34 million, inventories of rm11.4 million.Goodway integrated industries -management engaged independent professional firm to carry out impairment test only &this is expected to complete by end of aug.

Michelin to acquire Nextraq, a telematics provider, from Fleetcor

Wednesday, 14 Jun 2017 02:28am EDT

June 14 (Reuters) - Michelin /Fleetcor ::* Michelin announced that it has agreed to acquire FleetCor's business NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction.* NexTraq has 117 employees, approximately 7,000 fleet customers and 116,000 individual subscribers.* "NexTraq represents a strategic acquisition that accelerates our growth in telematics with synergies that increase our scale, expand our geographic footprint and strengthen overall competitiveness in fleet management technology and services in the United States," said Ralph Dimenna, chief operating officer for Michelin Americas Truck Tires, in a statement.

Yokohama Rubber updates on fire incident at plant of wholly-owned unit

Tuesday, 23 May 2017 02:09am EDT

May 23(Reuters) - Yokohama Rubber Co Ltd <5101.T>:Says fire incident happened in the east plant of a wholly- owned unit YOKOHAMA TIRE PHILIPPINES,INC., on May 14.Says buildings, production facilities and product in warehouse were burnt down.Says plant of unit partially resumed production on May 20.Says other details not disclosed.

TSRC to dissolve and liquidate petrochemical material and tech firm

Thursday, 4 May 2017 03:21am EDT

May 4 (Reuters) - TSRC Corp <2103.TW> ::* Says the board agrees to dissolve and liquidate petrochemical material and tech firm, in which co owns 48 percent stake .

Airboss Of America announces changes to segmented financial reporting

Tuesday, 2 May 2017 07:30am EDT

May 2 (Reuters) - Airboss Of America Corp :Airboss of america - announced changes to segmented financial reporting to reflect adjustments made in organizational and governance structures of certain business units.Airboss of america - will disclose information for two new reporting segments in addition to corporate segment: rubber solutions and engineered products.Airboss of america corp - reorganized engineered products segment will combine defense business with automotive products business.

Anhui Zhongding Sealing Parts sees Q1 FY 2017 net profit up 30 pct to 40 pct

Wednesday, 19 Apr 2017 11:57pm EDT

April 20 (Reuters) - Anhui Zhongding Sealing Parts Co Ltd <000887.SZ>:* Sees Q1 FY 2017 net profit to increase by 30 percent to 40 percent, or to be 306.5 million yuan to 330.1 million yuan.* Says Q1 FY 2016 net profit was 235.8 million yuan.* The reason for the forecast is main business growth and inclusion of two new companies .

Jiangsu Hongda New Material amends outlook for Q1 of FY 2017

Wednesday, 19 Apr 2017 02:16am EDT

April 19 (Reuters) - Jiangsu Hongda New Material Co Ltd <002211.SZ>:* Sees net profit for FY 2017 Q1 to be 7 million yuan to 12 million yuan.* Says the net loss of FY 2016 Q1 was 3.2 million yuan.* Says that amendment due to increased business income and gross profit margin.

Bridgestone targets 5-6 pct annual profit growth in Americas- Nikkei

Monday, 13 Mar 2017 03:10pm EDT

Nikkei: Bridgestone will aim for operating profit growth of 5-6% annually in its mainstay North And South American business . Bridgestone's operating profit for Americas segment projected to grow 18% to 239 billion yen in the year ending December 2017 . Bridgestone's consol group sales projected to rise 9% to 3.63 trillion yen in fiscal 2017, operating profit forecast to grow 1% to 452 billion yen .Bridgestone's Japan, operating profit in 2017 is forecast to drop 9% to 137 billion yen.

BRIEF-Sameer Africa sees FY earnings to be lower by more than 25%

Thursday, 1 Sep 2016 04:20am EDT

Sameer Africa Ltd : Says Board resolved to cease manufacture of tyres and allied products at Sameer Africa factory in Nairobi . Says to commence off-shore production by tyre manufacturers domiciled in China and India . Says to incur one-off charge in respect of plant and inventory impairment and employee severance cost about 725 million shillings . Says earnings for current financial year expected to be lower by more than 25% of earnings reported same period in 2015 Source : http://j.mp/2bTJLnd Further company coverage: [FIRE.NR] (Bangalore.newsroom@thomsonreuters.com) Keywords: (CORRECTED).


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