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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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