EXHIBIT 12

FERRO CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES

	2006			2005			2004			2003			2002
	(Dollars in thousands)
Earnings:
Pre-tax income	$	25,588		$	24,073		$	31,192		$	12,016		$	47,725
Fixed charges		72,500			50,531			45,393			46,720			46,297
Minority interest & affiliate earnings		(605	)		(603	)		(196	)		(1,178	)		(849	)
Dividends from equity investees		1,590			1,069			5,292			1,358			691
Less: Interest capitalization		(1,136	)		(71	)		(214	)		(302	)		(273	)
Total earnings	$	97,937		$	74,999		$	81,467		$	58,614		$	93,591
Combined fixed charges and preferred stock:
Interest expense	$	64,427		$	46,919		$	41,993		$	43,106		$	41,847
Interest capitalization		1,136			71			214			302			273
Amortization of discounts and capitalized expenses on debt		5,843			2,945			2,399			2,225			2,384
Interest portion of rental expense		1,094			596			786			1,087			1,793
Total fixed charges		72,500			50,531			45,392			46,720			46,297
Preferred stock dividends		1,252			1,490			1,705			2,088			2,447
Combined fixed charges and preferred stock dividends	$	73,752		$	52,021		$	47,097		$	48,808		$	48,744
Ratio of earnings to fixed charges:
Total earnings	$	97,937		$	74,999		$	81,467		$	58,614		$	93,591
Divided by: Total fixed charges	$	72,500		$	50,531		$	45,392		$	46,720		$	46,297
Ratio of earnings to fixed charges		1.35			1.48			1.79			1.25			2.02
Ratio of earnings to combined fixed charges and preferred stock dividends:
Total earnings	$	97,937		$	74,999		$	81,467		$	58,614		$	93,591
Divided by: Combined fixed charges and preferred stock dividends	$	73,752		$	52,021		$	47,097		$	48,808		$	48,744
Ratio of earnings to combined fixed charges and preferred stock dividends		1.33			1.44			1.73			1.20			1.92