Ferro shutting Niagara Falls plant
Ferro Corp. said it will close its Niagara Falls, N.Y. operation by the end of 2007, eliminating 150 jobs, according to bizjournals.com. Cleveland-based Ferro makes technology-based performance materials for manufacturers. The Niagara Falls plant produces dielectric and industrial ceramic products for the electronic materials and other marketplaces. Company officials said in a statement that work done at the Niagara Falls plant will be gradually transferred to other Ferro facilities, including one in Penn Yan, near Rochester. The Penn Yan plant also produces materials for the electronic materials market. A portion of the work currently being done in Niagara Falls will be transferred to Penn Yan, adding approximately 25 jobs at that facility. Other work will be shipped to The Netherlands. Ferro has approximately 6,800 employees globally and reported 2005 sales of $1.9 billion. It is the second manufacturing loss for the Buffalo-Niagara Falls area this month. Continental AG plans to shut down its Elma operation over the next three years, removing 380 jobs.