EXHIBIT 99.2

MILACRON
MANUFACTURING TECHNOLOGIES                                         NEWS RELEASE


                        MILACRON NAMES FOUR NEW OFFICERS

CINCINNATI, Ohio - August 2, 2004...Milacron Inc. (NYSE: MZ) today announced
that the heads of its business segments, Dr. Karlheinz Bourdon, David E.
Lawrence and Robert C. McKee, and the head of human resources, M. Bradley
Baker, have been elected officers of the company by the board of directors.

Bourdon, 47, president of global plastics machinery, is responsible for
Milacron's plastics machinery businesses worldwide. With over 20 years
experience in the plastics industry, he joined the company in 1992 and has
held positions of increasing responsibility in engineering, manufacturing and
operations management.

Lawrence, 54, president of global mold technologies, is responsible for
Milacron's D-M-E mold technology businesses worldwide. He has over 30 years
experience in the mold and die making industry and, since joining the company
in 1988, has held leadership positions in manufacturing, engineering and
international development.

McKee, 52, president of global industrial fluids, has overall responsibility
for coolants, lubricants, forming fluids and process cleaners produced for
metalworking industries worldwide. With nearly 30 years in the industrial
consumables field, his Milacron experience spans 22 years in engineering,
marketing, manufacturing services and operations management.

Baker, 39, has been named vice president of human resources with continued
responsibility for Milacron's global human resource functions. He joined the
company in 1991 and has served in a variety of human resource positions of
increasing responsibility at the corporate and operating group levels.

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Additionally, the following company officer promotions were announced:

Robert P. Lienesch, 58, has been named senior vice president of finance,
controller and chief financial officer. While retaining overall responsibility
for Milacron's corporate finance and accounting functions, he picks up the
duties of controller, previously handled by Ross A. Anderson, who has been
appointed general manager for the company's North American plastics injection
machinery business.


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Hugh C. O'Donnell, 53, has been named senior vice president, general counsel
and secretary with continued responsibility for the company's general legal
affairs and for the corporate legal and patent departments, and to serve as
secretary to the board of directors.

John C. Francy, 39, has been named vice president and treasurer. He continues
to be responsible for Milacron's global treasury functions, including
financial analysis, cash management, foreign exchange management, bank
relations and other corporate financing requirements.

"With these actions, our board of directors has cast a solid vote of
confidence in our company's future," said Ronald D. Brown, chairman, president
and chief executive officer. "All of these individuals have demonstrated
strong leadership during challenging times, and I look forward to continuing
to work with this experienced team as we strive to grow our businesses
globally."

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First  incorporated  in  1884,  Milacron  is  a  leading  global  supplier  of
plastics-processing  technologies  and  industrial  fluids,  with about  3,500
employees  and 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).


CONTACT:  AL BEAUPRE  513-487-5918


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