EXHIBIT 12

FERRO CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES

				Adjusted			Adjusted			Adjusted			Adjusted
	2007			2006			2005			2004			2003
	(Dollars in thousands)
Earnings:
Income before income taxes	$	(109,318	)	$	26,441		$	27,173		$	33,369		$	11,391
Fixed charges		67,209			73,127			50,531			45,393			46,720
Minority interest & affiliate earnings		(420	)		(605	)		(603	)		(196	)		(1,178	)
Dividends from equity investees		1,485			1,590			1,069			5,292			1,358
Depreciation on interest capitalized		562			502			389			436			419
Less: Interest capitalization		(2,289	)		(1,763	)		(71	)		(214	)		(302	)
Total earnings	$	(42,771	)	$	99,292		$	78,488		$	84,080		$	58,408
Combined fixed charges and preferred stock dividends:
Interest expense	$	59,690		$	64,427		$	46,919		$	41,993		$	43,106
Interest capitalization		2,289			1,763			71			214			302
Amortization of discounts and capitalized expenses on debt		3,809			5,843			2,945			2,399			2,225
Interest portion of rental expense		1,420			1,094			596			786			1,087
Total fixed charges		67,208			73,127			50,531			45,392			46,720
Preferred stock dividends		1,035			1,252			1,490			1,705			2,088
Combined fixed charges and preferred stock dividends	$	68,243		$	74,379		$	52,021		$	47,097		$	48,808
Ratio of earnings to fixed charges:
Total earnings	$	(42,771	)	$	99,292		$	78,488		$	84,080		$	58,408
Divided by: Total fixed charges	$	67,208		$	73,127		$	50,531		$	45,392		$	46,720
Ratio of earnings to fixed charges		(0.64	)		1.36			1.55			1.85			1.25
Ratio of earnings to combined fixed charges and preferred stock dividends:
Total earnings	$	(42,771	)	$	99,292		$	78,488		$	84,080		$	58,408
Divided by: Combined fixed charges and preferred stock dividends	$	68,243		$	74,379		$	52,021		$	47,097		$	48,808
Ratio of earnings to combined fixed charges and preferred stock dividends		(0.63	)		1.33			1.51			1.79			1.20