Latest news with #Bus
Ya Biladi
3 days ago
- Automotive
- Ya Biladi
Shandong Yongsheng Rubber to build tire factory in Kenitra's economic zone
Chinese tire manufacturer Shandong Yongsheng Rubber has announced plans to build a factory in the city of Kenitra, within the special economic zone along the Atlantic front. The plant will have an initial annual production capacity of 6 million semi-steel radial tires. Construction of the Yongsheng Rubber factory in Morocco is expected to begin within six months, with plans to gradually increase its capacity to 12 million tires annually. Founded in 1986, Shandong Yongsheng Rubber is a modern industrial group specializing in the production of TBR (Truck and Bus Radial) and PCR (Passenger Car Radial) tires, integrating research and development, manufacturing, and sales.
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Business Standard
26-05-2025
- Automotive
- Business Standard
Tyre maker Balkrishna Industries' stock down 10% in firm market; here's why
Balkrishna Industries share price today Balkrishna Industries (BKT) shares slipped 10 per cent to ₹2,385 on the BSE in Monday's intraday trade, in an otherwise firm market, after the company reported lower-than-expected profit after tax (PAT) in the March 2025 quarter (Q4FY25) primarily due to forex loss. The company also plans a modular entry into premium passenger car radial tires and commercial vehicles radial tires with initial focus on the domestic replacement market in both categories. At 09:34 AM, BKT was quoting 9.7 per cent lower at ₹2,402.70, as compared to 0.78 per cent rise in the BSE Sensex. Q4 results Balkrishna Industries' reported standalone net sales for the quarter were up 2.8 per cent year-on-year (Y-o-Y), at ₹2,747 crore, amid flat tyre sales volume of 82,062 tonne. Earnings before interest, taxes, depreciation and amortisation (Ebitda) margins in Q4FY25 came in at 21.9 per cent, down 124 bps Q-o-Q. The margin contracted due to higher input costs, which are likely to have peaked in Q4. PAT for the quarter stood at ₹362 crore, down 24.7 per cent Y-o-Y, primarily due to an unrealised forex loss. Management commentary The management earmarked an ambitious five-year roadmap to scale up revenue by 2.2x to ₹23,000 crore by 2030. This would be driven by continued outperformance in its core OHT segment (70 per cent contribution estimate by 2030), where it targets to move to an 8 per cent share by 2030 from 6 per cent currently, for which capacity is being expanded to 425k MT per annum from the current 360k MT per annum; 10 per cent contribution from sales of carbon black to a third party, for which carbon black capacity is being increased to 360k mtpa from the current 200k mtpa; and a foray into Truck and Bus Radial (TBR) and premium Passenger Car Radial (PCR) segments, which is expected to contribute to 20 per cent of revenue by 2030. For this ambitious growth, BKT has earmarked ₹3,500 crore capex over the next three years, in addition to the ₹50-70 crore capex that would be invested in the core segment. Given its backward integration capabilities and market understanding, management does not expect this foray to materially dilute either margins or returns by 2030. Motilal Oswal Financial Services on Balkrishna Industries shares BKT continues to face demand headwinds in its key global markets. Hence, the brokerage firm has cut its earnings estimates by 8 per cent each for FY26/FY27. Further, its foray into the PCR/TBR segments is likely to be critically monitored from here on for whether or not it is able to gain material traction in these segments and would margins and returns be materially dilutive in the long run. "While the stock has not done well in the recent past and its valuations at 27.7x FY26E and 22.9x FY27E are not too demanding, its future target multiple is likely to be a function of its success in these new segments," MOFSL said. The success will not only be in terms of market share gains but also without materially hurting core returns – which is likely to be a herculean task, in our opinion. The brokerage retained its target multiple for BKT and continues to value it at 22x FY27E. However, this may warrant a change going forward if BKT's returns plunge due to this foray. Reiterate Neutral with a target price of ₹ 2,553. ALSO READ | ICICI Securities on Balkrishna Industries The company announced a focused capex of ₹3,500 crore over three years — entirely funded through internal accruals — is aimed at expanding capacity in its core Off-Highway Tire (OHT) segment, scaling its carbon black operations, and entering new high-potential radial tire categories in India (TBR, PCR replacement). With clear revenue targets for each growth lever, backward integration benefits, and a healthy net cash position, BKT is well-positioned to compound earnings over the medium term. However, these new segments have historically commanded less margins, RoCE profile, and valuations than BKT's base OHT business, which will have long term implications for its blended margins, RoCE's and valuations. The brokerage firm expects the stock to open negative on its diversification efforts into mass segments carbon black and TBR & PCR segments. This shall challenge the premium valuations commanded by the company in the past.
Yahoo
22-05-2025
- Climate
- Yahoo
Athens City School adjust school bus transportation schedule for Thursday, May 22
ATHENS, Ala. (WHNT) — Athens City Schools has adjusted their school bus transportation schedule for Thursday, May 22. According to the school district, school busses will not run on Lucas Ferry Road which is south of Highway 72. Busses will also not run on West Sanderfer Road which is between Jefferson Street and Lucas Ferry Road. The school district said that this is due to storm debris and ongoing road closures that were set in place due to Tuesday nights storms. Families on affected routes will need to make alternate transportation arrangements for both morning drop-off and afternoon pick-up on Thursday. Buses affected include Bus 106 (AES, CES), Bus 104 (BES), Bus 115 (AIS), Bus 108 (AMS) and Bus 109 (AMS). For more information, contact Athens City Schools at (256)-233-6600. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Al-Ahram Weekly
21-05-2025
- Automotive
- Al-Ahram Weekly
Factbox: Bus Rapid Transit begins trial on Cairo's Ring Road - Urban & Transport
The Ministry of Transport has launched trial operations of its new Bus Rapid Transit (BRT) system on Greater Cairo's Ring Road without passengers. The all-electric network is designed to replace microbuses, ease congestion, and provide fast, clean, and integrated public transport across the capital. The project forms part of a wider government strategy to modernize transit infrastructure and reduce emissions. What is the BRT? Cairo's BRT is a high-capacity electric bus system running in dedicated lanes along the city's 105-kilometre Ring Road. It will reduce reliance on private vehicles, cut traffic, and integrate with the metro and Light Rail Transit (LRT) networks. Fully electric buses with scheduled service, Wi-Fi, air conditioning, and real-time updates Replaces microbuses, which will be banned from the Ring Road Emergency access is permitted only for ambulances and fire engines Headway during peak hours: 1–1.5 minutes Inspired by BRT models in Mexico, Brazil and China The project has included significant upgrades to the Ring Road, expanding it from four to seven lanes in each direction and adding dedicated BRT lanes. Station construction began in January 2022. The upgrade cost was EGP 21.5 billion. Project phases & timeline The BRT will roll out in three phases, serving 48 stations. Phase 1 14 stations from Alexandria Agricultural Road to the Police Academy 35km stretch currently undergoing trial operation Full passenger service is expected in the coming weeks Microbuses are to be phased out and replaced by electric minibuses operated by trained former drivers Driver training and station testing began in April 2025 Phase 2 21 stations from Field Marshal Tantawi to the Fayoum intersection Includes stops at Mariouteya, King Faisal, Tersa and the Grand Egyptian Museum (GEM) Scheduled to open before the GEM's inauguration on 3 July 2025 Completion of Phases 1 and 2 will bring over 75% of the network into service Phase 3 13 stations linking the GEM to the Alexandria Desert Road The final phase will close the loop A completion date has yet to be announced Fares Tickets for Phase 1 will range from EGP 5 to EGP 15, depending on distance Vehicles & infrastructure 100 locally manufactured electric buses (each with a 66-passenger capacity) Designed to move 3,200 passengers per hour in each direction 480 electric minibuses to replace existing microbuses operated by current drivers Surface-level stations equipped with pedestrian bridges or tunnels Electronic ticketing and access gates Park-and-ride facilities to encourage car owners to switch to public transport Integration and connectivity The BRT will link with major transport hubs and metro lines across Greater Cairo: Adly Mansour interchange connects Metro Line 3, the LRT, the Cairo–Suez railway, and SuperJet buses Two stations with pedestrian bridges : Bahteem, Police Academy Eleven stations with pedestrian underpasses : Alexandria Agricultural Road, Colonel Ahmed Abdel Rahim, Shubra–Banha Highway, Mostorod, Khusus, Marg, El-Qalag, Zakat Foundation, General Ibrahim El-Orabi, El-Salam and Suez Road The system connects key points along the Ring Road—including Marg, Mostorod, Adly Mansour and Suez Road—and links eastern and western Cairo to the New Administrative Capital. It also offers direct transfers to: Metro Line 1 at El-Marg Metro Line 3 at Adly Mansour and Imbaba Light Rail Transit (LRT) at Adly Mansour Follow us on: Facebook Instagram Whatsapp Short link:
Irish Times
15-05-2025
- Business
- Irish Times
Retired CIÉ staff in line for first pension increase in 17 years
Nearly 6,400 retired staff who worked at the State-owned CIÉ transport group are to receive their first pension increase in 17 years under an initiative to be announced on Thursday. Pension increases of up to 5 per cent will be set out as part of a deal drawn up following talks by the CIÉ group and trade unions, and backed by the Government. It is understood the CIÉ group, which comprises Irish Rail, Dublin Bus and Bus Éireann, will provide about €30 million to fund the cost of the rise for retired personnel who last received a pension increase in 2008, with the Government providing 'a letter of support' for the proposed pension deal. Retired staff have been campaigning for years for a pension increase, citing the rising cost of living . Minister for Transport Darragh O'Brien told the Dáil in March that the pension schemes operated in the CIÉ group had a deficit of about €371 million and that the scheme actuary did not believe that a pension rise was affordable. READ MORE The CIÉ board told the Minister in February that all the constituent companies believed that 'pensioners deserve an increase and the pension scheme deficits need to be dealt with'. Under the new proposals, the precise increase for pensioners would be calculated on a sliding basis depending on the date of retirement of the individual concerned. [ Half a million euro for a 'moderate' retirement? The lump sums you need to save Opens in new window ] Former staff who retired on or before December 31st, 2020, would receive a 5 per cent pension increase, with those who retired in 2021 getting 4 per cent, while those who retired in 2022 are in line for a 3 per cent rise. It is also proposed that a new 'pension protocol' will be put in place – similar to the arrangement in other commercial State companies – to determine increases that may apply in future years. Under the proposals, which follow lengthy talks between the CIÉ companies and trade unions, there would be some changes to existing pension schemes operated in the group, but no diminution of benefits for members. Members' contributions would not change under the proposals. The CIÉ group employs more than 12,500 people, including contractors, and there are more than 10,000 active members in the two defined benefit pension schemes in operation. These are known as the regular wages scheme and the 1951 scheme. There are about 2,260 people receiving benefits under the 1951 scheme and 4,125 in the regular wages scheme. [ Tariffs and your pension pot: Whatever you do, don't look now Opens in new window ] Under the proposals, staff taken on in future will be enrolled in a new defined contribution scheme. This is described as a 'best in class' scheme. They would also be covered by a death-in-service benefit of three times their salary as well as a spouse's and children's pension. Under other proposed reforms, current employees in the regular wages scheme would receive an enhanced retirement gratuity, up from 325 times to 351 times the weekly pension. This could see lump sums for drivers in the different companies increase by between €3,600 and €6,500. Staff covered by the 1951 scheme could, under the new proposals, retire earlier than they may have planned with improved benefits. They could also opt to cease paying contributions to the defined benefit scheme once they reached maximum service and contribute instead to the new defined contribution scheme. The Minister said in March that his officials were in contact with financial advisers at NewERA, the Pensions Authority and the Department of Public Expenditure to bring CIÉ pensions on to a more stable footing for the benefit of active and retired scheme members.
