Ferro Corp. has initiated the next step in the restructuring of its European manufacturing operations. As a result of the new initiative, the company will discontinue manufacturing porcelain enamel frit at its Rotterdam, The Netherlands, facility by the summer of 2008 and will consolidate production at other European sites. Employment at the Rotterdam location will be reduced by 84 positions. Ferro has said that it will work closely with customers to ensure a high level of customer support through the transition.
The consolidation of frit manufacturing is part of Ferro's ongoing effort to reduce annual costs in its European manufacturing operations by $40 million to $50 million by the end of 2009.
For more information, visitwww.ferro.com.
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