<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
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) January 28, 1999
-------------------
THE GEON COMPANY
(Exact name of registrant as specified in charter)
Delaware 1-11804 34-1730488
- --------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Geon Center, Avon Lake, Ohio 44012
----------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 440-930-1001
--------------
Not Applicable
--------------
(Former name or former address, if changed since last report.)
<PAGE> 2
Item 5. Other Events
- --------------------
The joint venture established by Owens Corning and The Geon Company on
Dec. 15, 1998, presented its new name --Decillion, LLC -- and named Thomas F.
Martin III and David S. Foell to key executive roles.
Item 7(c). Financial Statements, Pro Forma Financial Information and Exhibits
- ---------- ------------------------------------------------------------------
Exhibit 99.1 Press Release of January 28, 1999 announcing the name and
management team of the joint venture established by Owens Corning and The Geon
Company.
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
--------------------------
Secretary
Dated January 29, 1999
<PAGE> 1
Exhibit 99.1
Owens Corning and The Geon Company Joint Venture
Installs Management Team, Announces Name
Breakthrough material system offers substantial increase
in material stiffness and dimensional stability
TOLEDO, OHIO, JANUARY 28, 1999 -- The joint venture established by Owens Corning
(NYSE: OWC) and The Geon Company (NYSE: GON) on Dec. 15, 1998, presented its new
name today --Decillion, LLC -- and named Thomas F. Martin III and David S. Foell
to key executive roles.
Martin, from Owens Corning, has been named General Manager of Toledo, Ohio-based
Decillion. Foell, from The Geon Company, will assume leadership of Marketing &
Sales.
"This is exciting progress for the venture and the next step in bringing its
breakthrough technology to the marketplace," said Martin. "The name Decillion
literally means the number 10 to the 33rd power and represents for us the nearly
infinite solutions that we believe will result from this company. Decillion
represents new capabilities and opportunities for material systems in many
industries and will enable solutions we have yet to consider."
The North American joint venture was formed to leverage the technical and
manufacturing expertise of its parent companies and to provide material systems
solutions based on patented composite technologies. The initial product range is
focused on glass fiber and polyvinyl chloride (PVC) composites which can be
produced in a variety of forms by using numerous processing techniques.
Decillion uses a breakthrough proprietary technology that enables the production
of a material system that has three times more structural stiffness and
dimensional stability than typical vinyl materials. Decillion's material has a
heat distortion temperature range (HDT) in excess of 200 degrees Fahrenheit (93
degrees Celsius) -- much higher than typical PVC.
"The Decillion system is ideal for a wide range of interior and exterior
building applications," said Foell. "Decillion will supply this system to
building material manufacturers with not only materials but also processing
knowledge. This will help our customer partners develop new ranges of
differentiated products offering consumers increased value through enhanced
aesthetics, ease of installation, lower maintenance costs and longer life."
Decillion will initially target this innovative technology toward the building
construction market segment. Over the next three years, the joint venture
expects to achieve in excess of $40 million in sales.
Various industry partnerships are currently under consideration and will be
developed as opportunities are identified.
