Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
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.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe 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.
| Корнинг СНГ (Corning CIS) |