-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FUWiLZOJadBunCbAUWQvajPB9ng/oqgutLoUBh/QivTwNRApePZKfmjcAN6JynCZ
 rBzgJeGu/GVHrNUtpfy0IQ==

<SEC-DOCUMENT>0000914121-06-000776.txt : 20060321
<SEC-HEADER>0000914121-06-000776.hdr.sgml : 20060321
<ACCEPTANCE-DATETIME>20060321192201
ACCESSION NUMBER:		0000914121-06-000776
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060309
FILED AS OF DATE:		20060321
DATE AS OF CHANGE:		20060321

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILACRON INC
		CENTRAL INDEX KEY:			0000716823
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				311062125
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	BUSINESS ADDRESS:	
		STREET 1:		2090 FLORENCE AVENUE
		STREET 2:		PO BOX 63716
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45206
		BUSINESS PHONE:		5134875000

	MAIL ADDRESS:	
		STREET 1:		2090 FLORENCE AVENUE
		STREET 2:		P.O. BOX 63716
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILACRON INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILACRON HOLDINGS INC
		DATE OF NAME CHANGE:	19830503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CINCINNATI MILLING MACHINE CO
		DATE OF NAME CHANGE:	19600201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Mizuho International plc
		CENTRAL INDEX KEY:			0001295483
		STATE OF INCORPORATION:			X0

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08485
		FILM NUMBER:		06702346

	BUSINESS ADDRESS:	
		STREET 1:		BRACKEN HOUSE ONE FRIDAY STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC4M 9JA
		BUSINESS PHONE:		011-44-207-236-1090

	MAIL ADDRESS:	
		STREET 1:		BRACKEN HOUSE ONE FRIDAY STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC4M 9JA
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p890740-form4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-03-09</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000716823</issuerCik>
        <issuerName>MILACRON INC</issuerName>
        <issuerTradingSymbol>MZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001295483</rptOwnerCik>
            <rptOwnerName>Mizuho International plc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BRACKEN HOUSE ONE FRIDAY STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>EC4M 9JA</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.75</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-03-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>75000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>81.67</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-06-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-06-10</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.75</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-03-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>75000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>80.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-06-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-06-10</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The original conversion price of $2.00 was reset to $1.75 on June 30, 2005 pursuant to the terms and conditions of the
 Certificate of Designation governing the Series B Convertible Preferred Stock. A copy of this Certificate of Designation is
 attached as Exhibit 3.2 to the Registration Statement filed on Form S-8 by Milacron Inc. on June 11, 2004.</footnote>
        <footnote id="F2">Mizuho continues to beneficially own 150,000 Contingent Warrants (as defined below) to purchase 300,000 shares of Common
 Stock pursuant to that certain Contingent Warrant Agreement entered into by Milacron dated March 12, 2004, which Contingent
 Warrants become exercisable if a test based on Milacron'sfinancial performance for 2005 is not satisfied (the &quot;Contingent
 Warrants&quot;).</footnote>
    </footnotes>

    <remarks>This report is filed jointly by Mizuho International plc and Mizuho Securities Co., Ltd.  Signing for (i) Mizuho
 International plc: Takeshi Senda Title: Chief Executive &amp; Managing Director, (ii) Mizuho Securities
 Co., Ltd. Name: Takahisa Matsuura, Title: Managing Director</remarks>

    <ownerSignature>
        <signatureName>/s/ Takeshi Senda</signatureName>
        <signatureDate>2006-03-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Takahisa Matsuura</signatureName>
        <signatureDate>2006-03-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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