Industry News

Ferro Launches High Performance, High Purity ''Green'' Carbonate Solvents

Published on 2008-01-30. Author : SpecialChem

Cleveland, OH -- Ferro Corporation's (NYSE: FOE) Organic Specialties Group has expanded its product line of high performance solvents to include cyclic and linear carbonates. These carbonates are high purity, cost-effective alternatives to halogenated solvents and N-Methyl-2-pyrrolidinone (NMP) with excellent toxicity properties. Ferro has increased production capacity to offer high purity carbonates to the broader market, in addition to its internal use for Purolyte? electrolytes for lithium and lithium ion batteries. The Company launched the carbonate solvents at InformexUSA 2008, held in New Orleans, Louisiana, Jan. 29Feb. 1.

In addition to electrolytes applications, the solvents' high purity makes them ideal for dissolving photoresists in electronics manufacturing and for cleaning surfaces of silicon wafers in semiconductor fabrication. The carbonates' toxicity properties reduce exposure risks in manufacturing environments, and make them suitable for low-odor consumer products, such as water-based adhesives and inks. Their high polarity improves suspension of pigments in inks, enabling cartridges that spray evenly without clogging, and inks that penetrate paper without diffusing or smearing. The carbonates also offer advantages as reaction solvents in fine chemicals manufacturing, particularly in methylation reactions and low-water applications, and can be used in environmentally friendly cleaning solutions.

Ferro's new offering includes propylene and ethylene cyclic carbonates and diethyl and dimethyl linear carbonates. Purities range from 99.0% to 99.98%. All are strongly polar and aprotic, with boiling points ranging from 90?C to 246?C. The products are also offered with ultra-low water specifications of less than 20 ppm and can be supplied in 38 liter to 1000 liter pressure vessels, or in standard drum or bulk containers. Specialty grades are available upon request. The products complement Ferro's high-purity glycol diethers; 1,3-dioxolane; and 1,4-dioxane solvents.

Ferro's Organic Specialties Group has locations in Cleveland, OH; Baton Rouge, LA; Waukegan, IL; Evansville, IN; Bridgeport, NJ; Ft. Worth, TX; Stryker, OH; Edison, NJ; Plymouth, IN; Carpentersville, IL; Wilmington, DE; Louvaine-la-Neuve, Belgium; Rotterdam, The Netherlands; Bielefeld, Germany; Saint-Dizier, France; Aldridge, United Kingdom; Castanheira, Portugal; Castellon, Spain; Suzhou, China; Bekasi, Indonesia; Mexico City, Mexico; and Estado Carabobo, Venezuela. Its products and services include electrolytes; specialty solvents and glymes; phosphines; custom manufacturing; high purity low endotoxin carbohydrates; contract development and manufacturing of active pharmaceutical ingredients; supercritical fluid-based particle engineering for drug delivery applications; engineered plastics composites; polymer additives; plastic color concentrates and liquid color dispersions; and advanced polymer alloys.

Ferro Corporation is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products. Headquartered in Cleveland, Ohio, the Company has approximately 6,700 employees globally and reported sales of $2.0 billion in 2006.

Cautionary Note on Forward-Looking Statements

Certain statements in this Ferro press release may constitute forward-looking statements within the meaning of Federal securities laws. These statements are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and often beyond the control of the Company. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company's future financial performance, include, but are not limited to the following:

  • the availability and cost of raw materials and other supplies;
  • intense competition in the markets the Company serves;
  • successful execution of projects designed to improve operating margins;
  • successful execution of restructuring programs to improve manufacturing efficiency and reduce costs;
  • the unpredictability and cyclicality of demand in the Company's markets;
  • exposure to currency conversion and changing global economic, social and political conditions;
  • the Company's ability to compete lawfully with local competitors in the Asia/Pacific region;
  • aggressive global regulation of hazardous materials could affect sales of our products;
  • costs of compliance with stringent environmental, health and safety regulations;
  • access to capital markets or borrowings;
  • variable interest rates on some of our external borrowings could increase;
  • encumbrances on the Company's assets granted to lenders affect our flexibility to dispose of assets; restrictive covenants in our credit facilities could affect our flexibility in funding strategic initiatives;
  • the Company's ability to utilize significant deferred tax assets;
  • the outcome of any legal claims against the Company;
  • the Company's ability to continuously introduce new products to respond to demand;
  • the uncertainty of future employee benefit costs and the impact of funding of those costs; and
  • risks associated with acts of God, terrorists, and others, as well as fires, explosions, wars, riots, accidents, embargos, natural disasters, strikes and other work stoppages, quarantines and other governmental actions, and other events or circumstances that are beyond the Company's reasonable control.

Additional information regarding these risk factors can be found in the Company's Annual Report on Form 10-K for the period ended December 31, 2006.

This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Source: Ferro Corporation

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