The new name, scheduled to take effect in the first quarter of 2000, combines the word "in" - as in innovation or ingenuity - with the "rich" from Goodrich, according to the company.

This action follows the July merger of BFGoodrich and Coltec Industries, which created a new specialty chemicals and aerospace company with annual volume of $6 billion.

An additional benefit of the name change will be to distance the company from the famous tire company of the same name, which was acquired by Michelin 12 years ago.