EXHIBIT 21

LIST OF SUBSIDIARIES

Sovereign power
under the laws of
Name of Subsidiary* which organized
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Cercoa, Inc. Florida
Ferro Corporation (Australia) Pty. Ltd. Australia
Fletcher Chemical Company, Ltd. Australia
Ferro Corporation New Zealand Pty. Ltd. New Zealand
Ferro Plastics (N.Z.) Ltd. New Zealand
Ferro Industrial Products Ltd. Canada
Ferro (Great Britain) Ltd. United Kingdom
Ferro B.V. The Netherlands
Ferro (Holland) B.V. The Netherlands
Ferro France S.a R.L. France
Eurostar S.A. France
Ferro Chemicals S.A. France
Metal Portuguesa S.A. (51%) Portugal
Ruhr-Pulverlack G.m.b.H. Germany
Ferro Plastics (Germany) G.m.b.H. Germany
Ferro (Deutschland) G.m.b.H. Germany
Ferro (Italia) S.R.L. Italy
Ecotech Italia, S.p.A. (51%) Italy
Ferro Toyo Co., Ltd. (60%) Taiwan, Republic of China
Ferro Enamel do Brasil, I.C.L. Brazil
Ferro Enamel do Sul I.C.L. Brazil
Ferro Mexicana S.A. de C.V. Mexico
Ferro Enamel Argentina S.A.I.C.y M. Argentina
Ferro Far East, Ltd. Hong Kong
Ferro Enamel Espanola S.A. Spain
Ferro Industrial Products Limited Taiwan, Republic of China
Nissan Ferro Organic Chemical Co. Ltd. (51%) Japan
PT Ferro Mas Dinamika (55%) Indonesia

<FN>
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* Percentages in parentheses indicate Ferro's ownership.

Ferro has a number of sales and warehousing subsidiaries throughout the
world which are omitted from the foregoing list because they are
considered in the aggregate or individually not to constitute a
significant subsidiary.