Ferro Corporation produces performance materials for a range of manufacturers in diversified industries worldwide. The company divides its operations into four business units, which comprise three segments: Performance Materials, Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides Markets and Customers The company’s products are used in various product applications in markets including the following: appliances, household furnishings, automobiles, industrial products, building and renovation, packaging, and electronics. Many of its products are used as coatings on its customers’ products, such as glazes and decorations on tile, glass and dinnerware. Other products are supplied to customers as powders that are used to manufacture electronic components and other products. Customers The company’s customers include manufacturers of ceramic tile, major appliances, construction materials, automobile parts, glass, bottles, and wall coverings. Many of its customers, including makers of major appliances and automobile parts, purchase materials from more than one of its business units. The company’s customer base is well diversified both geographically and by end market. Seasonality Customer demand has historically been higher in the second quarter when building and renovation markets are particularly active, and this quarter is normally the strongest for sales and operating profit. Environmental Matters Some of the company’s products are subject to restrictions under laws or regulations, such as California Proposition 65 or the European Union’s (EU) chemical substances directive. Research and Development Total expenditures for product and application technology, including research and development, customer technical support and other related activities, included $22.7 million in 2014. These amounts include expenditures for company-sponsored research and development activities of approximately $19.2 million in 2014. History The company was founded in 1898 as a not-for-profit corporation. It was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in 2007.
ferro corp (FOE:New York)
6060 Parkland Boulevard
Mayfield Heights, OH 44124
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