-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HJCuO46VIh2g52JrsY5NUDeOhz/KupuDhKcxGMx6YF0hOHEJLN+X1khX+OwmOp7X m1nwo3F+EREraxGmSGxbdw== 0000950152-03-004594.txt : 20030425 0000950152-03-004594.hdr.sgml : 20030425 20030425115248 ACCESSION NUMBER: 0000950152-03-004594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030424 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POLYONE CORP CENTRAL INDEX KEY: 0001122976 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 341730488 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16091 FILM NUMBER: 03663913 BUSINESS ADDRESS: STREET 1: SUITE 36-500 STREET 2: 200 PUBLIC SQUARE CITY: CLEVELAND STATE: OH ZIP: 441142304 BUSINESS PHONE: 2165894000 MAIL ADDRESS: STREET 1: ONE GEON CENTER STREET 2: ONE GEON CENTER CITY: AVON LAKE STATE: OH ZIP: 44012 8-K 1 l00557ae8vk.txt POLYONE CORPORATION SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): April 24, 2003 -------------- POLYONE CORPORATION ------------------------------------ (Exact name of registrant as specified in charter) Ohio 1-16091 34-1730488 ------ ---------- --------------- (State or other (Commission (I.R.S. jurisdiction of File Number) Employer incorporation) Identification No.) Suite 36-5000, 200 Public Square, Cleveland, Ohio 44114-2304 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (216) 589-4000 -------------- Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5 Other Events On April 24, 2003 the Registrant issued a press release, filed herewith as Exhibit 99.1, announcing the formation on BayOne Urethane Systems, LLC, a 50/50 joint venture with Bayer Polymers LLC to develop and market polyurethane systems in the United States and Canada. Item 7 (c) Financial Statements and Exhibits Exhibit 99.1 - Press release dated April 24, 2003. 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. POLYONE CORPORATION By: /s/ Richard E. Hahn ------------------------- Richard E. Hahn Assistant Secretary Dated: April 25, 2003 EX-99.1 3 l00557aexv99w1.txt EX-99.1 PRESS RELEASE Exhibit 99.1 For Immediate Release Contact: Kit Newton Bayer Corporation 412-777-5666 Dennis Cocco PolyOne Corporation 216-589-4018 BAYER AND POLYONE FORM POLYURETHANE SYSTEMS JOINT VENTURE PITTSBURGH/CLEVELAND, April 24, 2003 -- Bayer Polymers LLC and PolyOne Corporation today announced they have formed BayOne Urethane Systems, LLC--a 50/50 joint venture to develop and market polyurethane systems in the United States and Canada. The joint venture will become operational in June. Polyurethane "systems" are polyurethane components--isocyanates and polyol additive blends--formulated to meet specific product applications. Polyurethane systems are used worldwide in an extensive variety of applications, including automotive products, construction, furniture, flooring, industrial and commercial insulation, appliances, and footwear. --more-- BAYER AND POLYONE FORM POLYURETHANE SYSTEMS JOINT VENTURE -2- Bayer Polymers' polyurethanes business, with Americas Region headquarters in Pittsburgh, supplies polyurethane systems and raw materials worldwide. PolyOne, headquartered in Cleveland, is an international polymer services company. Its polyurethanes operations include custom-formulated polyurethane systems. The joint venture, headquartered in St. Louis, will focus primarily on the following markets: carpet backing and related applications, non-automotive flexible molded foams, integral skins, footwear, instrument panels and filters. "This joint venture will break new ground for Bayer and PolyOne. By leveraging the strengths of Bayer's technology and raw materials and PolyOne's regional manufacturing capabilities and technical service know-how, the venture will be positioned to provide our customers superior products and service," said Peter Vanacker, Senior Vice President and Head of Polymer Solutions for Bayer Polymers. --more-- BAYER AND POLYONE FORM POLYURETHANE SYSTEMS JOINT VENTURE -3- "By combining Bayer and PolyOne polyurethane systems portfolios and commercial and technical expertise, BayOne Urethane Systems, LLC will be able to provide clear benefits to a larger population of customers," added Denis Belzile, Vice President and General Manager of PolyOne's Specialty Resins and Formulators Group. "Our combined systems formulating experience, customer and technical service orientation, and regional manufacturing flexibility make a powerful combination. It is an exciting opportunity to provide better service to our customers," he said. Bayer facilities involved in the joint venture include Bayer Polymers' research and development facilities and sales offices in Pittsburgh, the corporation's production and laboratory facilities in New Martinsville, W. Va., and research and technical service facilities in Dalton, Ga. PolyOne locations included in the joint venture are St. Louis (joint venture headquarters, production and laboratory facilities); Commerce, Calif., and Sussex, Wis., (production and laboratory facilities); and Kennesaw. Ga., (laboratory and technical services operations). --more-- BAYER AND POLYONE FORM POLYURETHANE SYSTEMS JOINT VENTURE -4- ABOUT BAYER CORPORATION Headquartered in Pittsburgh, Bayer Corporation had sales of $9.5 billion in 2002 and is one of Fortune magazine's Most Admired Companies. The company employs 21,600 people. It is a member of the worldwide Bayer Group, a $32 billion international health care and chemicals group based in Leverkusen, Germany. Bayer's four operating companies - CropScience, Chemicals, HealthCare and Polymers -- produce a broad range of products that help diagnose and treat diseases, purify water, preserve local landmarks, protect crops, advance automobile safety and durability and improve people's lives. Information about the corporation's products and services can be found at www.bayerus.com. ABOUT POLYONE CORPORATION PolyOne Corporation, with 2002 revenues of $2.5 billion, is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and adhesive systems, elastomer compounding, and thermoplastic resin distribution. Headquartered in Cleveland, Ohio, PolyOne has employees at manufacturing sites in North America, Europe, Asia, and Australia, and joint ventures in North America, South America, Europe, Asia and Australia. Information about the Company's products and services can be found at www.polyone.com. This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group and PolyOne management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the companies and the estimates given here. These factors include those discussed in public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including Form 20-F). The companies assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. # # # -----END PRIVACY-ENHANCED MESSAGE-----