Ferro Corporation operates as a producer of specialty materials that are sold to a range of manufacturers who, in turn, make products for many end-use markets. The company operates approximately 36 facilities worldwide that manufacture various types of performance materials, such as frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. The company divides its operations into four business units, which comprise three segments: 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 appliances, household furnishings, automobiles, industrial products, building and renovation, packaging, and electronics. Many of its products are used as coatings on the company’s 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. The company’s customers include manufacturers of ceramic tile, major appliances, construction materials, automobile parts, automobile, architectural and container glass, and electronic components and devices. Many of the company’s customers, including makers of major appliances and automobile parts, purchase materials from approximately one of its business units. The company sells its products directly to its customers. However, a portion of its business uses indirect sales channels, such as agents and distributors, to deliver products to market. Environmental Matters Some of the company’s products are subject to restrictions under laws or regulations, such as California’s Proposition 65 or the European Union’s chemical substances directive. Research and Development The company’s total expenditures for product and application technology, including research and development, customer technical support and other related activities, were $25.6 million in 2015. 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. The company was incorporated in Ohio in 1919.
ferro corp (FOE:New York Consolidated)
6060 Parkland Boulevard
Mayfield Heights, OH 44124
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