Comment

It looks as though the joint venture proposed between ICI and Ferro Corporation to manufacture and market powder coatings world‐wide is now off. News of the proposals was first given on this page in our September 1991 issue. Checking Ceefax late last month (mainly to see how our ill considered purchase of BT shares was getting on) we saw the news that the plans for the joint venture had broken down and according to Ferro Corporation in the U.S. talks have broken down. Ferro said it would remain a global supplier of powder but gave no reason why talks had collapsed.