Pause operations: company temporarily curtailing operations while keeping return options open
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Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe company cooperates with various organizations in conducting scientific research, in particular with the Moscow Institute of Physics and Technology.
The company is suspending sales into Russia with exception for life-saving products, ceasing further investments in Russia and temporarily closing sales and research centers. Corning Incorporated, which planned to sell its Russian assets in 2022, could not quickly find a buyer for them. Now the company is considering not only the option of sale, but also the write-off of these assets, it follows from the explanatory notes to the financial statements of Corning CIS for 2022, published in the Federal Tax Service database. Ceased to receive income in Russia in 2023. Revenue increased in 2024 vs 2023 by more than +50%.
| April 05, 2022 | Company Statement on Russia Operations |
| Корнинг СНГ (Corning CIS) |