Noveon: The Box Stops Here - ' Noveon Base Case ' (
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Noveon Base Case
Headquarters: 9911 Brecksville Rd., Brecksville, OH 44141
Phone Number: (216) 447-5000
Business: Makes and markets a variety of specialty chemicals used in personal-care products, drugs, foods, beverages, packaging, pipes, graphic arts, fabrics, papers and paints.
Chief Information Officer: Todd Nelson, vice president, global information technology
Financials in 2002: Net income of $34.7 million on revenue of $1.07 billion, a net profit margin of 3.2%.
Challenge: Meet growth and profit targets in order to reduce debt of nearly $1 billion taken on when company was created out of BFGoodrich in March 2001, via a leveraged buyout.
Baseline Goals:
Reduce debt, from $906 million at start of March 2001.
Reduce working capital as percent of sales to 14%, from 23% in 2000.
Boost revenue, which has been static at $1.1 billion in first two years of operation.
Increase free cash flow, which dropped to $168 million in 2002, from $189 million in 2001.
Projects: Integration 
