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): April 28, 2004

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, Cincinnati, Ohio   45206
(address of principal executive offices)                              (ZIP Code)

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

ITEM 5. OTHER EVENTS

      On April 28, 2004 the Registrant issued a News Release announcing the signing of an agreement to establish a joint venture in China.

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

      (c) Exhibits:

Exhibit No.	Description
99.1	News Release issued by Milacron Inc. April 28, 2004.

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.
	Milacron Inc.
Date: April 29, 2004	By:	/s/Hugh C. O'Donnell
		Hugh C. O'Donnell Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	News Release issued by Milacron Inc. on April 28, 2004.

EX-99

Exhibit 99.1

Milacron Forms Manufacturing Joint Venture in China

CINCINNATI, OHIO - April 28, 2004...Milacron Inc. (NYSE: MZ) is expanding its presence in China with the signing of a manufacturing joint venture agreement with Jiangnan Mould & Plastic Technology Co., Ltd., a plastics processing subsidiary of Jiangyin Mould Plastics Group Co., Ltd. in Jiangyin, Jiangsu, China. The joint venture, which is subject to Chinese regulatory review, will operate under the name Milacron Plastics Machinery (Jiangyin) Co., Ltd.

"Establishing a manufacturing base in China - to serve China - is essential to providing our customers who have established production in this strategic market with Milacron technology at more competitive cost," said Ron Brown, Milacron chairman, president and chief executive officer.

The joint venture will provide an immediate foothold for Milacron to manufacture locally and increase sales into the fast-growing Chinese market. Plans are also underway to increase support for aftermarket service and parts in China.

"Jiangyin Mould Plastics Group molds automobile components and sought a partner who could help reduce the cost of their processing equipment as they expand. So we will start off with an immediate market for our injection molding machines," said Jay Woerner, Milacron vice president of global manufacturing and sourcing.

"For China we intend to build medium- and high-tonnage machines, which initially will be the joint venture's sole focus," he continued. "These injection presses will be engineered, branded, sold and supported in the aftermarket by Milacron."

Milacron has a proven record of success with its joint venture strategy, as confirmed by its joint venture in India, which is now the largest producer of injection molding machines for the fast-growing Indian market.

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 www.milacron.com or call the toll-free investor line: 800-909-MILA (800-909-6452).