Tires & Rubber Products
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 .
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.
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.
Sameer Africa Ltd
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.
Sumitomo Riko Company Limited:Says the co to merge with its wholly owned Kyoto-based subsidiary with effective date on Oct. 1.Says the unit to be dissolved after the transaction.
Compania Goodyear del Peru SA:Announces new organizational structure joining North and Latin America operations into one business unit.New unit will be managed by Steve McClellan, current chairman of Goodyear North America.
Sumitomo Rubber Industries Ltd:To merge with its 75 pct owned subsidiary, which has been engaged in the sales of tyre for new car use in Tokyo, Japan.Effective date Jan. 1, 2016.After the transaction, Sumitomo Rubber Industries will be the surviving company and the subsidiary will be dissolved.
Tianjin Pengling Rubber Hose Co Ltd:To close a wholly owned subsidiary in Hefei.