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Tires & Rubber Products

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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).

Shoko says reorganization in units

Friday, 17 Jun 2016 02:24am EDT

Shoko Co Ltd <8090.T> : Says it plans to transfer its science system business to its wholly owned subsidiary SKS, on Oct. 1 .Says SKS to merge the company's another wholly owned subsidiary SIS which to be dissolved after the transaction, effective on Oct. 1.

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