Ferro Enters Joint Venture Agreement with Baotou Jin Meng Rare Earth

Ferro Corporation (NYSE:FOE) announced a joint venture to supply rare earth compounds to the glass polishing market.

As quoted in the press release:

The joint venture business, Ferro Jinmeng (Suzhou) Polishing Materials Co., Ltd, will focus on the manufacture and sale of cerium oxide-based polishing materials in China. These ultra-fine, highly engineered materials are used to polish LCD glasses and cover glasses of electronic devices such as smart phones and tablet computers. Ferro will hold a majority ownership interest in the business.

Click here for the Ferro Corporation (NYSE:FOE) press release.