FERRO CORP <FOE> SETS JOINT VENTURE
Ferro Corp said it has formed a
joint venture with Paris-based Alsthom Inudstrial Group to
export U.S. epxertise in specialty composite materials to the
European market.
    Ferro said although the airframe and aerospace industries
are the prime users of composite materials today, it plans to
develop applications for the ground transportation and
industrial markets in the near future.
    Ferro also announced it has agreed to purchase CompositAir,
a developer of composit materials applications, for an
undisclosed sum.
 Reuter
