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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 21, 1997
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THE GEON COMPANY
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(Exact name of registrant as specified in charter)
Delaware 1-11804 34-1730488
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Geon Center, Avon Lake, Ohio 44012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 216-930-1241
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
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The Geon Company announced that it has formed a wholly owned subsidiary, Polymer
Diagnostics, Inc. The formation of this subsidiary company will enable Geon to
market its analytical and testing capabilities to customers, suppliers, academic
institutions and other companies requiring testing and problem-solving skills in
the area of polymer sciences.
Item 7(c). Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99.1 Press Release of July 21, 1997 announcing the formation of The Geon
Company's wholly owned subsidiary, Polymer Diagnostics, Inc.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE GEON COMPANY
By /S/GREGORY L. RUTMAN
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Gregory L. Rutman
Secretary
Dated July 23, 1997
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Exhibit 99.1
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FOR IMMEDIATE RELEASE
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GEON TO MARKET ANALYTICAL AND TESTING
CAPABILITIES THROUGH NEW SUBSIDIARY
AVON LAKE, Ohio, July 21, 1997 -- The Geon Company today announced that it has
formed a wholly owned subsidiary, Polymer Diagnostics Incorporated. This new
business venture will allow clients to take advantage of Geon's state-of-the-art
research and testing facilities. The new subsidiary will market these
capabilities to customers, suppliers, academic institutions and other companies
that require testing and problem-solving skills in the area of polymer sciences.
"During the past four years, we have used our internal polymer problem-solving
expertise to improve Geon. Now we can offer clients the same opportunity," said
Donald P. Knechtges, senior vice president, business and technology development.
"Geon has always had an excellent reputation within our industry in the area of
analytical and testing services. This move will allow us to create a new
business around one of our core competencies."
Some of the testing and services provided include mechanical and physical
properties, chemical identity analyses including specialized spectrographic
methods, X-ray and trace metals analyses, failure analyses, particle size
measurements, thermal analyses, and both laboratory and full-scale fire science
and flammability testing.
The new subsidiary will be headquartered in a separate facility at Geon's Avon
Lake, Ohio, site and will utilize state-of-the-art equipment and resources which
are part of Geon's research and development function. The testing laboratories
are ISO-certified, including the physical-testing laboratory, which achieved an
ISO 9002 rating and accreditation by the American Association for Laboratory
Accreditation. In addition to routine and non-routine testing, the new venture
will offer unique polymer and related materials problem-solving capabilities.
The Geon Company is one of the largest suppliers of polyvinyl chloride (PVC)
resins in North America and is the world's largest merchant provider of PVC
compounds. Headquartered in Avon Lake, Ohio, The Geon Company and its
subsidiaries have 13 manufacturing plants in the United States, Canada and
Australia, and joint ventures in Europe and Southeast Asia.
For information about this new testing service, call Dr. Charles Daniels at
216-930-1880. For media and investor inquiries, contact Dennis Cocco, director
of corporate and investor affairs, at 216-930-1538.
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