Profile: Ferro Corp (FOE.N)
7 Mar 2014
Ferro Corporation (Ferro), incorporated on October 13, 1919, is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for many end-use markets. The Company operates in six segments: Polymer Additives, Specialty Plastics, Pharmaceuticals, Performance Coatings, Electronic Materials and Color and Glass Performance Materials. During the year ended December 31, 2012, the Company operates approximately 40 facilities around the world that manufacture electronic, color and glass materials, which includes conductive metal pastes and powders, polishing materials, glazes, enamels, pigments, decoration colors, and other performance materials and polymer and ceramic engineered materials, which includes polymer additives, engineered plastic compounds, pigment dispersions, glazes, frits, porcelain enamel, pigments and pharmaceutical active ingredients. The Company’s products are used in different markets, including appliances, automobiles, building and renovation, electronics, household furnishings, industrial products, packaging, and pharmaceuticals. The Company’s products are used as coatings on its customers’ products, such as glazes and decorations on tile, glass and dinnerware. The Company’s other products are applied as pastes in products, such as solar cells and other electronic components. On February 6, 2013, the Company sold assets related to its solar pastes business to Heraeus Precious Metals North America Conshocken LLC (Heraeus LLC).
The Company sells its products directly to its customers. A portion of its business uses indirect sales channels, such as agents and distributors, to deliver products to market. The Company’s products are delivered to its customers in combination with customized technical service. The Company’s customers include manufacturers of ceramic tile, appliances, construction materials, automobile parts, glass, bottles, vinyl flooring and wall coverings, solar cells and pharmaceuticals.
6060 Parkland Boulevard
MAYFIELD HEIGHTS OH 44124