● Ferro Corporation reported that sales in its coatings segment
were $286.3 million in the first quarter of 2002, up from
$216.2 million in the same period last year. Operating
income was up to $24 million from $21.9 million in 2001.
Overall, the company’s coatings segment has started to
experience stronger demand in the U.S., driven by the
automotive market, the building and renovation market
and durable goods, according to the company. Demand in
the electronics market has improved, especially in the Far
East, but is still well below 2001 levels. Conditions in the
European market have improved slightly from the fourth
quarter 2001, the company added.