Air Bag Maker Plans Stock Repurchase

Safety Components International Inc. said Thursday that it plans to repurchase 250,000 shares of its own stock to stem a decline in the price of its shares since September. After reaching $20 a share in September, the Costa Mesa company’s stock fell to $14.25 Wednesday. The company, which manufactures automotive air bags, has 5.1 million public shares outstanding. The stock of Safety Components closed Thursday at $15.25 a share, up $1 in Nasdaq trading.