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LONG-TERM PROFITABLE GROWTH depends on
having the right portfolio mix of businesses and managing those businesses
to take full advantage of their potential. Some businesses operate in markets
with excellent opportunities for rapid growth, while others participate
in more mature markets where maximizing cost efficiency and cash flow are
paramount.
Ferro's strategy is to target its investments in the fastest-growing markets and product lines and to build its springboard businesses into core businesses. Platform businesses are managed for a balance of sales and profit growth, supplemented by selective, strategic investments. Foundation businesses are geared to contribute strong cash flow to the Company. Representations of springboard and platform businesses can be seen at the top of the page. Ferro's springboard category includes its Electronic Materials business, which produces materials used by manufacturers of electronic components, and its Performance and Fine Chemicals business, which produces high-potency compounds and active ingredients for pharmaceuticals, electronics, food and industrial markets. Washing machines and other appliances, as well as automotive products, household furnishings and many other applications, use materials produced by Ferro's Plastics unit, a platform business. Over the past three years, primarily through acquisitions and expansion of existing businesses, Ferro has realigned its portfolio for a more favorable balance among the three business classifications. The Company's goal is for each business category to represent approximately one-third of total revenues. A more balanced portfolio enables Ferro to allocate its resources more productively toward high-growth initiatives and improves the Company's position for profitable growth.
About the Company | Financial Highlights | Letter to Shareholders | Portfolio at a Glance
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