Ferro May Toss Solar Pastes Line | Chemical & Engineering News
Volume 90 Issue 42 | p. 18 | Concentrates
Issue Date: October 15, 2012

Ferro May Toss Solar Pastes Line

Department: Business
Keywords: solar pastes, solar panels, electronic materials

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.

 
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