Ferro Corporation operates as a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for various end-use markets. Products The company operates approximately 39 facilities worldwide that manufacture various types of products, such as performance materials, including frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings; and performance chemicals, such as polymer additives, engineered plastic compounds, and pigment dispersions. 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. Majority 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. The company’s major customers include manufacturers of ceramic tile, major appliances, construction materials, automobile parts, glass, bottles, and wall coverings. It sells its products directly to its customers. Its customers represent approximately 30 industries and operate in approximately 100 countries. Domestic and Foreign Operations The company’s products are manufactured and/or distributed through its consolidated subsidiaries and unconsolidated affiliates in various countries, such as Argentina, France, Malaysia, Taiwan, Australia, Germany, Mexico, Thailand, Belgium, India, the Netherlands, the United Kingdom, Brazil, Indonesia, Portugal, the United States, China, Italy, Russia, Venezuela, Egypt, Japan, Spain, and South Korea. Seasonality The second quarter (year ending December 2013) is the strongest for the company’s 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 chemical substances directive. Research and Development Total expenditures for product and application technology, including research and development, customer technical support, and other related activities, were $30.0 million in 2013. These amounts include expenditures for company-sponsored research and development activities of approximately $26.9 million in 2013. Patents, Trademarks, and Licenses The company owns various patents and patent applications relating to its various products and their uses. Its patents would expire at various dates through the year 2032. History Ferro Corporation was founded in 1919. The company was incorporated in Ohio in 1919.
ferro corp (FOE:New York)
6060 Parkland Boulevard
Mayfield Heights, OH 44124
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