8-K

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): October 14, 2002

MILACRON INC.

(Exact name of registrant as specified in its charter)

DELAWARE	1-8475	31-1062125
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
2090 Florence Avenue, P.O. Box 63716, Cincinnati, Ohio   45206
(address of principal executive offices)                              (ZIP Code)

Registrant's telephone number, including area code: (513) 487-5000

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

      (c) Exhibits:

Exhibit No.	Description
99.1	Press Release issued by Milacron Inc. on October 14, 2002.

ITEM 9. REGULATION FD DISCLOSURE

      On October 14, 2002, the Company issued a Press Release which affirmed previous guidance issued by the Company related to third quarter earnings. A copy of the Press Release issued October 14, 2002 is filed as Exhibit 99.1 hereto.

      This Current Report contains forward-looking statements which by their nature involve risks and uncertainties that could significantly impact the Company's operations, markets, products and expected results. For further information please refer to the Cautionary Statement included in Item 2 of the Company's most recent Form 10-Q on file with the Securities and Exchange Commission.

      The information contained in the attached Press Release and included in this Current Report is furnished pursuant to Item 9 and shall be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.

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 thereunto duly authorized.
		Milacron Inc.
Date:	October 14, 2002	By:	/s/Robert P. Lienesch
			Robert P. Lienesch Vice President - Finance and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued by Milacron Inc. on October 14, 2002.

EX-99

Exhibit 99.1

Milacron Affirms Third-Quarter Results In Line
With Guidance; Balance Sheet Greatly Strengthened

Release and Conference Call Set For November 7

CINCINNATI, Ohio - October 14, 2002…Milacron Inc. (NYSE: MZ), a leading global supplier of plastics-processing technologies and industrial fluids, announced that it expects to report third-quarter results from continuing operations in line with company guidance issued on July 24 and has scheduled the release of its results and an open investor conference call for Thursday, November 7, 2002.

As previously projected, the company expects sales from continuing operations of $185 million to $200 million and an after-tax loss of $5 million to $8 million in the September quarter. While maintaining a strong cash position of more than $100 million, Milacron also confirmed that it had reduced net debt during the quarter by approximately $300 million, thus shrinking its net-debt-to-capital ratio from the mid 50 percent range to the low 30 percent range at quarter end.

"New orders have stabilized - albeit at low levels - for the past four quarters now," said Ronald D. Brown, chairman and chief executive officer. "While we have yet to see a strong recovery in our end markets, we are especially pleased that we have been able to strengthen our balance sheet significantly during the past quarter, which improves our liquidity and financial flexibility going forward."

Following its usual practice, before the market opens on November 7 Milacron will release its quarterly results along with the current outlook. Later that day at 2:00 p.m. Eastern time, the company will hold a webcast conference call. The call can be accessed via Milacron's website, www.milacron.com. For analysts and investors wishing to ask questions, the dial-in number will be (913) 981-4910.

Any forward-looking statements above by their nature involve risks and uncertainties that could significantly impact operations, markets, products and expected results. For further information please refer to the Cautionary Statement included in the company's most recent Form 10-Q on file with the Securities and Exchange Commission.

First incorporated in 1884, Milacron is a leading global supplier of plastics-processing technologies and industrial fluids, with major manufacturing facilities in North America, Europe and Asia. For further information, visit the company's web site or call the toll-free investor hot line: 800-909-MILA (800-909-6452).