Issue Date: October 15, 2012
Ferro May Toss Solar Pastes Line
Ferro is exploring strategic options for its business in conductive pastes, which are used in the now-ailing solar panel industry. For the first six months of this year, Ferro’s electronic materials segment, which includes solar pastes, had a loss of nearly $5 million, versus income of $53 million in the same period a year ago. Ferro also said it would record charges against earnings of up to $335 million in the third quarter because of the poor outlook in the segment. Ferro’s share price closed at $2.75 on Oct. 10, off 24% from its close the day before the announcement.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society