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Ferro considering sale of solar pastes business

9:50 AM MDT | October 16, 2012 | —Vincent Valk

Ferro says it is considering the sale of its solar pastes business, as the company cut guidance because of weakness in that sector. The sale is an effort to eliminate the business’s drag on earnings and cash flow, says chairman and CEO James Kirsch. “The market for conductive pastes used in the manufacture of solar cells has been particularly challenging for much of 2011 and 2012, as the solar industry struggles with overcapacity and rapidly falling prices for solar-power panels,” Kirsch says. “While we have made some progress in our...

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