Business
Varex Provides COVID-19 Business Update
SALT LAKE CITY--(BUSINESS WIRE)-- Varex Imaging Corporation (Nasdaq: VREX) today provided an update on the novel Coronavirus (COVID-19) and its business
About this update from Varex Imaging Corporation
[{"type":"text","content":" SALT LAKE CITY--(BUSINESS WIRE)--\nVarex Imaging Corporation (Nasdaq: VREX) today provided an update on the novel Coronavirus (COVID-19) and its business operations.\n\n\nCOVID-19 Update\n\n\nVarex, like other businesses, continues to closely monitor the changing landscape associated with the spread of COVID-19. As an “essential business” dedicated to providing components needed to combat COVID-19 and maintain essential infrastructure, the company’s global manufacturing facilities currently remain open and operational, including the Wuxi facility which returned to normal operations several weeks ago.\n\n\nThe company’s products include critical components used in X-ray and CT systems used to detect and diagnose medical conditions, including lung screening for conditions associated with COVID-19. They also include industrial components used globally for border security and transportation services.\n\n\nGlobally, Varex has implemented a “work from home” policy for employees that are not essential to production activities and implemented social distancing measures for employees working at Varex facilities. The company is working with its government representatives on developments and will continue to adapt its business to comply with new requirements being implemented by local authorities.\n\n\nVarex continues to communicate with its global customers as well as monitor its supply chain with global business partners while actively managing the inbound flow of material to the company’s factories. Varex has notified its suppliers that it considers itself to be an essential business and requested that suppliers remain operational to continue to provide Varex with needed materials and components. The company currently expects minimal impact on near-term deliveries.\n\n\nSalt Lake City Earthquake\n\n\nOn the morning of March 18th, the company’s Salt Lake City facility experienced an earthquake that resulted in evacuation of the facility. No employees were injured and there was no structural damage to the company’s physical plant and equipment. The facility was closed for 24 hours to complete a full inspection and to ensure the safety of the employees, and is currently back to full production capacity.\n\n\nAbout Varex\n\n\nVarex Imaging Corporation is a leading innovator, designer and manufacturer of X-ray imaging components, which incl...