FERRO CORP &lt;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.
  

