EXHIBIT 12
FERRO CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES

	2005			2004			2003
	(Dollars in thousands)
Earnings:
Pre-tax income	$	24,073		$	31,192		$	12,016
Fixed charges		50,531			45,393			46,720
Minority interest & affiliate earnings		(603	)		(196	)		(1,178	)
Dividends from equity investees		1,069			5,292			1,358
Less: Interest capitalization		(71	)		(214	)		(302	)
Total earnings	$	74,999		$	81,467		$	58,614
Combined fixed charges and preferred stock dividends:
Interest expense	$	46,919		$	41,993		$	43,106
Interest capitalization		71			214			302
Amortization of discounts and capitalized expenses on debt		2,945			2,399			2,225
Interest portion of rental expense		596			786			1,087
Total fixed charges		50,531			45,392			46,720
Preferred stock dividends		1,490			1,705			2,088
Combined fixed charges and preferred stock dividends	$	52,021		$	47,097		$	48,808
Ratio of earnings to fixed charges:
Total earnings	$	74,999		$	81,467		$	58,614
Divided by: Total fixed charges	$	50,531		$	45,392		$	46,720
Ratio of earnings to fixed charges		1.48			1.79			1.25
Ratio of earnings to combined fixed charges and preferred stock dividends:
Total earnings	$	74,999		$	81,467		$	58,614
Divided by: Combined fixed charges and preferred stock dividends	$	52,021		$	47,097		$	48,808
Ratio of earnings to combined fixed charges and preferred stock dividends		1.44			1.73			1.20