Ferro Announces Price Increase for Calcium Stearate Product Lines.CLEVELAND -- Ferro Corporation's (NYSE NYSE See: New York Stock Exchange :FOE) Organic Specialties Group today announced that it increasing the price in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for all fused grades of Calcium Stearate Noun 1. calcium stearate - an insoluble calcium salt of stearic acid and palmitic acid; it is formed when soap is mixed with water that contains calcium ions and is the scum produced in regions of hard water calcium octadecanoate and Aqueous aqueous /aque·ous/ (a´kwe-us) 1. watery; prepared with water. 2. see under humor. a·que·ous adj. Calcium Stearate Dispersions, by $0.05 per pound, as contracts allow. The increase is effective with shipments on and after January 15, 2007. Peter Thomas Peter Thomas may refer to:
About Ferro Corporation Ferro Corporation is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products. Headquartered in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , the Company has approximately 6,800 employees globally and reported sales of $1.9 billion in 2005. Additional information about the Company can be found at www.ferro.com. Cautionary Note on Forward-Looking Statements Certain statements in this Ferro press release may constitute "forward-looking statements" within the meaning of Federal securities laws. These statements are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and often beyond the control of the Company. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company's future financial performance, include the following: * The availability of raw materials and other supplies at a reasonable cost. * Intense competition in the markets the Company serves. * The successful execution of projects designed to improve operating margins. * The unpredictability and cyclicality of the Company's markets. * Exposure to currency conversion rates and changing economic, social and political conditions around the world. * Constraints on the Company's ability to compete with local competitors in the Asia/Pacific region. * Aggressive development of hazardous materials regulations in the US, Europe and elsewhere. * Costs of stringent environmental, health and safety regulations. * Availability of capital and borrowings. * Variable interest rates on existing borrowings. * Restrictions resulting from encumbrances granted to lenders on the Company's assets. * Restrictive covenants Restrictive covenants Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. in the Company's credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities . * Uncertainty in ability to utilize deferred tax assets. * Pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against the Company. * The need to continuously introduce new products. * Uncertainty of future employee benefit costs and the impact of funding of those costs. * The successful sale of the Company's Specialty Plastics business. * Risks associated with acts of God, terrorists and others, as well as fires, explosions, wars, riots, accidents, embargos, natural disasters, strikes and other work stoppages, quarantines and other governmental actions, and other events or circumstances that are beyond the Company's reasonable control. For a more detailed discussion of these areas of risk, see pages 6-9 of Ferro's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2005. |
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