EXHIBIT 21

FERRO CORPORATION AND SUBSIDIARIES

LIST OF SUBSIDIARIES AND AFFILIATES AS OF DECEMBER 31, 2015

Name of Active Subsidiary*							Jurisdiction of Organization
ESFEL SA (19%)							Ecuador
Ferro China Holdings Inc							Ohio
	Zibo Ferro Performance Materials Company, Limited (70%)						Peoples Republic of China
Ferro Electronic Materials Inc.							Delaware
Ferro Far East Ltd							Hong Kong
	Ferro Enterprise Management Consulting (Shanghai) Co., Ltd.						Peoples Republic of China
	PT Ferro Materials Utama (34%)						Indonesia
Ferro Finance Corporation							Ohio
Ferro International Services Inc.							Delaware
Ferro Industrial Products Ltd							Canada
Ferro (Suzhou) Performance Materials Co. Ltd.							Peoples Republic of China
Kerajet SA (19.99%)							Spain
Ferro International Holdings Inc.							Ohio
	FHCI Limited						Ireland
		OCI-Ferro Co., Ltd. (50%)					Republic of Korea
		Ferro FinCo Ireland Limited					Ireland
			Ferro Argentina SA				Argentina
			Ferro (Belgium) Sprl.				Belgium
			Ferro Coatings Italy Sprl				Italy
				Vetriceramici S.p.A.			Italy
					Vetriglass S.r.l.		Italy
					Vetriceramici de México, S. de R.L. de C.V.		Mexico
					Vetriceramici Polska spółka z ograniczoną		Poland
						odpowiedzialnością
					Vetriceramici Seramik Mamülleri Hizmetleri Sanayi ve		Turkey
						Ticaret Limited Şirketi
			Ferro Corporation (Aust.) Pty. Ltd				Australia
			Ferro Egypt for Glaze (S.A.E.)				Egypt
			Ferro Far East Company SDN, BHD				Malaysia
			FC France Acquisition Sarl				France
				Ferro Couleurs France SA			France
					PT Ferro Ceramic Colors Indonesia (59%)		Indonesia
						PT Ferro Additives Asia	Indonesia
				Ferro France Sarl			France
			Ferro (Great Britain) Ltd				United Kingdom
			Ferro India Private Limited				India
			Ferro Holding GmbH				Germany
				Ferro GmbH			Germany
			Ferro (Holland) BV				The Netherlands
			Ferro Investments BV				The Netherlands

				Ferro Enamel do Brasil Industria e Comercio Ltda.	Brazil
				Ferro Japan K.K	Japan
				Ferro Taiwan Ltd	Republic of China
				Ferro (Thailand) Co. Ltd.	Thailand
				PT Ferro Mas Dinamika (95%)	Indonesia
			Ferro Industrias Quimicas (Portugal) Lda		Portugal
			Ferro (Italia) SrL		Italy
				Smaltochimica SpA (40%)	Italy
			Ferro Kaplama Malzemeleri Limited Sirketi		Turkey
			Ferro Specialty Materials LLC		Russia
			Ohio-Mississippi LLC		Ohio
				Ferro Colores SA de CV.	Mexico
				Ferro Mexicana SA de CV	Mexico
			Al Salomi for Frit and Glazes S.A.E		Egypt
				Suez Company for Minerals (15%)	Egypt
Ferro Spain Management Company, S.L					Spain
	Ferro Spain SA				Spain
		Gardenia-Quimica SA (36%)			Spain
		Ferro Spain SA, Italian Branch			Italy
	Corporacion Quimica Vhem, S.L				Spain
		Nubiola Pigmentos, S.L.			Spain
			Colores Hispania, S.A.		Spain
		Haining Longshine Pigments Co., Ltd.			China
		Nubiola Pigments (Shanghai) Co., Ltd.			China
	Ivory Corporation S.A.				Luxemburg
		Nubiola Colombia Pigmentos S.A.S.			Columbia
		Nubiola Romania SRL			Romania
		Nubiola India Private, Limited			India
		Nubiola Bulgaria ODD			Bulgaria
Dibon USA, LLC					Georgia
	Nubiola USA, Inc.				Georgia
	Georgia Colours, LLC				Georgia
Thermark Holdings, Inc.					Delaware
	Thermark LLC				Pennsylvania
Dormant Entities:
Cataphote Contracting Company					Ohio
The Ferro Enamel Supply Company					Ohio
Ferro Far East, Inc.					Ohio
Midland Coatings Limited					UK
Ferro Drynamels Limited					UK
Ferro Normandy Plastics Limited					UK
Ferro Colours (UK) Ltd.					UK
*		Percentages in parentheses indicate Ferro Corporation's ownership.