PMD Group picks new name

BRECKSVILLE, Ohio (June 13)—PMD Group Inc. has been renamed Noveon Inc. The former B.F. Goodrich Performance Materials segment and specialty chemicals unit of Goodrich Corp., selected the name Noveon to "describe the promise of a new era, as we strengthen our commitment to be the specialty chemicals innovator," President and CEO Steven J. Demetriou said. "Noveon merges the concepts of innovation and the beginning of a new era for our company," he said. "We are a new company with a bright future." It will continue to be a global producer of polymers, polymer-based formulations, curing agents and rubber additives for consumer and industrial products, a company spokeswoman said. The company's headquarters will remain in Brecksville and regional centers will continue to operate in Brussels, Belgium, and Hong Kong. Noveon has about 42 facilities globally.