Sensata temporarily suspends operations at South Korea unit
(Reuters) - Netherlands-based Sensata Technologies Holding N.V. temporarily suspended manufacturing operations at its South Korean unit due to a recent fire in a building at the site.
The company confirmed that there were no on-site injuries as a result of the fire.
Sensata supplies sensing, electrical protection, control and power management products.
The company expects to take a charge of about $3 million to $5 million in the current quarter for loss of inventory, equipment and damage to the building, it said in a statement.
It also expects some loss of revenue in the fourth quarter.
Shares of the company closed at $29.98 on the New York Stock Exchange on Tuesday.
(Reporting by Neha Alawadhi in Bangalore; Editing by Roshni Menon)
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