Reuters logo
BRIEF-Standard Motor Products Forms JV With Foshan Guangdong Automotive Air Conditioning Co
December 1, 2017 / 1:37 PM / 12 days ago

BRIEF-Standard Motor Products Forms JV With Foshan Guangdong Automotive Air Conditioning Co

Dec 1 (Reuters) - Standard Motor Products Inc:

* STANDARD MOTOR PRODUCTS INC - FORMED A JOINT VENTURE WITH FOSHAN GUANGDONG AUTOMOTIVE AIR CONDITIONING CO LTD

* STANDARD MOTOR PRODUCTS INC - STANDARD MOTOR PRODUCTS WILL INVEST APPROXIMATELY $12.5 MILLION IN 50/50 JOINT VENTURE

* STANDARD MOTOR PRODUCTS INC - NEW COMPANY IS NAMED FOSHAN FGD SMP AUTOMOTIVE COMPRESSOR CO LTD

* STANDARD MOTOR PRODUCTS INC - BELIEVE TRANSACTION WILL BE ACCRETIVE TO EARNINGS IN YEAR ONE, EXCLUDING ONE-TIME INTEGRATION COSTS Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below