said Tuesday that the company is increasing production of its respiratory protection products, such as masks, to meet demand caused by the outbreak of coronavirus." that the company is raising production around the world to make more of the products. The conglomerate makes masks that people wear to cover their mouths and noses to stop the spread of the respiratory virus.
"We are ramping to full production. We're going 24/7," Roman said. He added that the company is increasing production at its plants in China and other Asian countries, as well as in Europe in the United States.
"Before we got to the past couple of weeks, with the coronavirus really becoming the focus, we were looking at a sluggish start to China in first quarter, really based on automotive," Roman said on the call.fell 5.7% on Tuesday after the company announced its latest earnings. The company missed Wall Street expectations on the top and bottom lines for its fourth quarter and announced a new batch of job cuts.
Source: News Formal (newsformal.com)
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