https://www.avient.com/sites/default/files/2020-10/2020-gravi-tech-design-guide-.pdf
MACHINE SIZING
Shot Capacity & Barrel Sizing
The size of the barrel needs to be large enough
to ensure proper melting and mixing of the
material, at the desired shot size .
Typical shot sizes need to be between
30%–80% of barrel capacity .
End of Fill
Part Length
Dynamic Pressure
Hydrostatic Pressure
P
re
s
s
u
re
Gate End
Part
FIGURE 61 - Deflection Equations
H
F
WLMax Deflection:
0.002" (0.05mm)
1 =
W • H3
12
_______
bending =
F • L3
48 • E • I
_______
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
FIGURE 60 - Pressure vs Part Length
FIGURE 61 - Deflection equations
FIGURE 62 - For Plate Shaped Parts
FIGURE 63 - For Cylindrical Shaped Parts
Design Guide 49
• M
Moldings
= Combined mass of molded parts
• C
p
= Specific Heat of the material
Step 3 – Heat Removal Rate
• N
lines
= The total number of independent cooling
lines there are in the mold
• t
c
= The cooling time required by the part
(Determined in step 1)
Step 4 – Coolant Volumetric Flow Rate
• ΔT
Max,Coolant
= Change in coolant
Temperature During Molding (1°C)
• ρ
Coolant
= Density of coolant
• CP = Specific heat of coolant
Step 5 – Determine Cooling Line Diameter
• ρ
Coolant
= Density of coolant
• V
Coolant
= Volumetric flow rate of coolant
• μ
Coolant
= Viscosity of coolant
• ΔP
line
= Max pressure drop per line
(Usually equals half of the pump capacity)
• L
Line
= Length of the cooling lines
COOLING LINE SPACING
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
2D < H
line
< 5D
H
line
< W
line
< 2H
line
FIGURE 70 - Cooling Line Spacing
FIGURE 64 - Heat Transfer Equation
FIGURE 65 - Total Cooling for Mold
FIGURE 66 - Cooling Required by Each Line
FIGURE 68 - Max Diameter Equation
FIGURE 69 - Min Diameter Equation
FIGURE 67 - Volumetric Flow Rate Equation
50 Gravi-Tech
ADHESIVE ADVANTAGES DISADVANTAGES
Cyanoacrylate
Rapid, one-part process
Various viscosities
Can be paired with primers
for polyolefins
Poor strength
Low stress crack resistance
Low chemical resistance
Epoxy
High strength
Compatible with various
substrates
Tough
Requires mixing
Long cure time
Limited pot life
Exothermic
Hot Melt
Solvent-free
High adhesion
Different chemistries for
different substrates
High temp dispensing
Poor high temp performance
Poor metal adhesion
Light Curing Acrylic
Quick curing
One component
Good environmental resistance
Oxygen sensitive
Light source required
Limited curing configurations
Polyurethane
High cohesive strength
Impact and abrasion resistance
Poor high heat
performance
Requires mixing
Silicone
Room temp curing
Good adhesion
Flexible
Performs well in high temps
Low cohesive strength
Limited curing depth
Solvent sensitive
No-Mix Acrylic
Good peel strength
Fast cure
Adhesion to variety
of substrates
Strong odor
Exothermic
Limited cure depth
Design Guide 51
Bibliography
1 .
https://www.avient.com/sites/default/files/2023-06/AVIENT_TPEs and LSR eBook.pdf
ANNUAL
GROWTH
FORECAST
Source: Smithers report The Future of
Thermoplastic Elastomers to 2024 and Ceresana
Market Study: Silicones 3rd.
The results were impressive:
• Better tension set, improved compression and enhanced permeability
• Slashed $70,000 from production costs by reducing cycle times and
eliminating assembly steps
• Lower specific gravity of TPEs trimmed overall part weight, which cut
$36,000 in annual freight costs
• Reprocessability of TPEs shrank scrap rates, saving more than $70,000
in material waste
SWITCH TO TPEs
BOOSTS BOTTOM LINE
CASE
STUDY
READ MORE
ONLINE
For a manufacturer seeking to redesign a liquid injection-molded silicone medical
pump valve insert, Avient suggested custom-formulated grades of Dynalloy™ OBC
and Versaflex™ TPEs that would deliver better multi-functional performance than
the previous design, while also facilitating easier two-shot molding.
https://www.avient.com/sites/default/files/2020-08/avient-investor-presentation-jefferies-industrials-conference.pdf
Avient Corporation 1
J E F F E R I E S V I R T U A L
I N D U S T R I A L S
C O N F E R E N C E
A U G U S T 2 0 2 0
Avient Corporation 2
FORWARD LOOKING STATEMENTS
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Avient Corporation 3
U S E O F
N O N - G A A P
M E A S U R E S
•
•
•
Avient Corporation 4
U P D A T E O N T H E
C O V I D - 1 9 P A N D E M I C
•
•
•
•
Avient Corporation 5
2019 Transportation Consumer
Discretionary
Healthcare Packaging All Other
Industries
Cost
Containment
FX 2020
$64.3 18%
18%
9%
6%
16% 2% $46.9
20%
•
•
•
•
•
•
S E C O N D Q U A R T E R 2 0 2 0 I N R E V I E W
Consumer
Discretionary
Avient Corporation 6
CLARIANT MASTERBATCH
STRATEGIC RATIONALE
Avient Corporation 7
F I T W I T H F O U R P I L L A R S T R A T E G Y
Specialization
•
•
•
Globalization
•
•
Operational
Excellence
•
•
•
Commercial
Excellence
•
•
People
Avient Corporation 8
5%
2006 2019E PF*
4%
12%
10%
18%
8%
20%
2006 2019E PF*
Healthcare
Consumer
Packaging
38%
* 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business
Percentage of Total Revenue
E N D M A R K E T T R A N S F O R M A T I O N
Building & Construction High Growth End Markets
50%
22%
Avient Corporation 9
Wire & Cable
11%
Industrial
10%
Electrical &
Electronic
7%
Healthcare
4%
Packaging
8%
Consumer
10%
Transportation
12%
Building &
Construction
38%
Healthcare
12%
Packaging
20%
Consumer
18%Transportation
12%
Building &
Constrution
5%
Wire & Cable
9%
Industrial
11%
Electrial &
Electronic
4%
Appliance
2%
Textiles
7%
2006 Pro Forma(1)
Net Sales by End Market
E N D M A R K E T T R A N S F O R M A T I O N
Avient Corporation 10
U N I F I E D F O C U S O N S U S T A I N A B I L I T Y
2006 - 2013
2013 – 2019
P E O P L E
P R O D U C T S P L A N E T
P E R F O R M A N C E
••
••
••
Avient Corporation 11
O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y
46%
66%
0%
20%
40%
60%
80%
100%
2005 2010 2015 Pro Forma
%
o
f
A
d
ju
s
t
e
d
E
B
IT
D
A
(
1
)
JVs Performance Products & Solutions Distribution Specialty
7%
87%
(2)
Avient Corporation 12
T H E N E W A V I E N T : A S P E C I A L T Y G R O W T H C O M P A N Y
Transaction expected to add $0.85 to pro forma adjusted EPS
Avient Corporation 13
SUSTAINABILITY AT AVIENT
P E O P L E , P R O D U C T S , P L A N E T , P E R F O R M A N C E
Avient Corporation 13
Avient Corporation 14
V I S I O N
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and sustainable
solutions
Avient Corporation 15
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
0.56
0.14
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
YTD
S A F E T Y F I R S T
Injuries per 100 Workers
Spartech
Acquisition
Avient Corporation 16
G R E A T P L A C E T O W O R K
Avient Corporation 17
C O M M O D I T Y T O S P E C I A L T Y T R A N S F O R M A T I O N
•
•
•
•
•
•
•
•
•
•
•
•
2006 - 2013 2013 – 20192000-2005 2006 - 2013
•
•
2020 and
Beyond
Avient Corporation 18
A V I E N T
2 0 1 9 R E V E N U E | $ 2 . 9 B I L L I O N
Segment End Market Geography
Healthcare
15%
Industrial
14%
Consumer
14%
Packaging
13%
Transportation
13%
Wire & Cable
11%
Building &
Construction
6%
Electrical &
Electronics
6%
Textiles
5%
Appliance
3%
Color
Additives
& Inks
34%
Distribution
41%
Specialty
Engineered
Materials
25%
United States
54%
Europe
19%
Asia
11%
Latin
America
11%
Canada
5%
Avient Corporation 19
Operating Income
% of Sales
2006 2019
Color, Additives &
Inks
1.7% 14.7%
Specialty Engineered
Materials
1.1% 11.6%
Distribution 2.6% 6.3%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
1 0
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
A D J U S T E D E P S E X P A N S I O N
2018 2019
$1.69
$1.51
Avient Corporation 20
531
710
1,032
130
164
207
504
663
871
2014 2018 Pro Forma
R&D / Technical Marketing Sales
+ 34%
+ 26%
+ 32%
E X P A N S I O N O F C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Revenue in Billions
Total
+ 10%
Organic
+ 7%+ 45%
+ 26%
+ 31%
$4.0
$3.2
(2) (1) (1)
$2.9 $2.9
$3.5
2015 2016 2017 2018 Pro
Forma
Total
+ 9%
Organic
+ 5%
Pro Forma(2)
Avient Corporation 21
P R I O R A C Q U I S I T I O N S H I S T O R Y
Commercial
Resources(1)
Operating
Income
($ in millions)
Operating
Margins
256
350
At Acquisition 2019
$36
$100
At Acquisition 2019
9%
19%
At Acquisition 2019
Established Acquisitions
(> 7 years)
+ 37% + 176% + 1000 bps
Avient Corporation 22
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
Avient Corporation 23
I N N O V A T I O N
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
37%
2006 2019
$20
$51
2006 2019
Avient Corporation 24
R E V E N U E F R O M S U S T A I N A B L E S O L U T I O N S
$275M
$325M
$355M
$410M 14% Total Annual Growth
9% Organic Annual Growth
Avient Corporation 25
SEGMENT
HIGHLIGHTS
I N N O V A T I N G W I T H A V I E N T
Avient Corporation 25
Avient Corporation 26
C O L O R , A D D I T I V E S & I N K S
E N D M A R K E T S & S O L U T I O N S
Solid
Colorants
Performance
Additives
Screen
Printing Inks
Liquid
Colorants
Packaging
31%
Industrial
14%
Textiles
13%
Wire & Cable
10%
Building & Construction
9%
Consumer
8%
Transportation
7%
Healthcare
5%
Appliances
2%
Electrical & Electronics
1%
Avient Corporation 26
Avient Corporation 27
Operating Income & MarginRevenue by Region
C O L O R , A D D I T I V E S & I N K S
2 0 1 9 R E V E N U E | O V E R $ 1 B I L L I O N
Europe
34%
United
States
44%
Asia
15%
Canada
1%
Mexico
3%
South
America
3%
$4
$25
$104
$147
2005 2009 2013 2019
0.9%
5.5%
12.2%
14.7%
Avient Corporation 27
Avient Corporation 28
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
E N D M A R K E T S & S O L U T I O N S
Engineered
Formulations
Advanced
Composites
Thermoplastic
Elastomers
Wire & Cable*
28%
Consumer
19%
Electrical & Electronics
12%
Healthcare
9%
Industrial
8%
Packaging
6%
Appliance
2%
Building &
Construction
2%
Transportation
14%
Avient Corporation 28
Avient Corporation 29
S P E C I A L T Y E N G I N E E R E D M A T E R I A L S
Revenue by Region Operating Income & Margin
2 0 1 9 R E V E N U E | $ 7 5 0 M I L L I O N
Europe
27%
United
States
54%
Asia
17%
Canada
2%
$21
$57
$87
2005 2009 2013 2019
0.1%
5.1%
9.3%
11.6%
Avient Corporation 29
Avient Corporation 30
D I S T R I B U T I O N
E N D M A R K E T S & S U P P L I E R S
Healthcare
28%
Industrial
19%
Transportation
18%
Consumer
17%
Appliance
6%
Electrical &
Electronics
5%
Building &
Construction
4%
Packaging
2%
Wire & Cable
1%
Operating Income & Margin2019 Revenue | $1.2 Billion
$25
$63
$75
2005 2009 2013 2019
$20
2.9%
4.0%
5.9%
6.3%
Avient Corporation 30
http://www.avient.com/Pages/VariationRoot.aspx
Avient Corporation 31
O V E R V I E W O F R A W M A T E R I A L P U R C H A S E S
Avient Corporation 31
Avient Corporation 32
Avient Corporation 33
Adjusted EPS attributable to PolyOne common shareholders is calculated as follows:
2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016** 2017** 2018 2018***
Q1
2019*** 2019
Q1
2020
Net income from continuing operations attributable to PolyOne
common shareholders
Joint venture equity earnings, after tax
Special items, before tax
(1)
Special items, tax adjustments
(1)
Adjusted net income from continuing operations attributable to
PolyOne common shareholders
$ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0 $ 144.6 $ 166.4 $ 173.5 $ 161.1 $ 87.7 $ 22.4 $ 75.5 $ 33.1
(19.0) (14.7) (3.7) — — — — — — — — — — —
(48.7) 24.2 (48.1) 55.1 46.3 164.2 87.6 23.8 32.9 59.5 58.7 12.2 61.7 9.6
(27.2) (96.7) (24.7) (18.9) (13.7) (73.7) (58.7) (15.9) (24.8) (25.3) (25.1) (1.2) (5.9) (1.0)
$ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5 $ 173.5 $ 174.3 $ 181.6 $ 195.3 $ 121.3 $ 33.4 $ 131.3 $ 41.7
Diluted shares 93.4 96.0 94.3 89.8 96.5 93.5 88.7 84.6 82.1 80.4 80.4 78.2 77.7 86.7
Adjusted EPS attributable to PolyOne common shareholders $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80 $ 1.96 $ 2.06 $ 2.21 $ 2.43 $ 1.51 $ 0.43 $ 1.69 $ 0.48
* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principle, discontinued operations or the related resegmentation.
** Pro forma for sale of Designed Structures and Solutions segment (DSS).
*** Pro forma for sale of Performance Products and Solutions segment (PP&S).
https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520Mar19.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
M A R C H 2 0 1 9
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
Injuries per 100 Workers
Spartech
Acquisition
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.51
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
PolyOne Corporation 6
P O L Y O N E
2 0 1 8 R E V E N U E | $ 3 . 5 B I L L I O N
Transportation
17%
Industrial
15%
Consumer
12%
Packaging
11%
Wire & Cable
10%
Appliance
5%
United States
57%
Europe
16%
Asia
10%
Latin
America
10%
Canada
7%
Distribution
35%
Performance Products &
Solutions 19%
Specialty
Engineered
Materials
17%
Color
Additives &
Inks 29%
Segment End Market Geography
Building &
Construction
11%
Electrical &
Electronics
6%
Healthcare
13%
2009 2010 2011 2012 2013 2014 2015 2016* 2017* 2018
$2.43
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
9
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2018
ROIC** 5.0% 14.1%
Operating Income
% of Sales
Color, Additives &
Inks
1.7% 15.1%
Specialty Engineered
Materials
1.1% 11.2%
Performance
Products
& Solutions
4.3% 10.0%
Distribution 2.6% 5.6%
A D J U S T E D E P S E X P A N S I O N
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 8
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
Double digit
annual EPS
growth
strategic acquisitions
Innovate
600K-1M
commercial
resources 5-7%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
710
130
164
504
663
2014 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 34%
+ 26%
+ 32%
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Sustained revenue increases led
by organic business
$2.9 $2.9
$3.2
$3.5
2015 2016 2017 2018
Total
+ 9%
Organic
+ 5%
Revenue in billions of $
Total
+ 10%
Organic
+ 7%
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
110% increase in leads (from 6,000 to 12,700) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
24
2014 2018
Inside sellers
$11M
$109M
2014 2018
Inside sales/digital revenue
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 12
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 13
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
35%
2006 2018
$20
$56
2006 2018
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 14
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 15
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2017)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
6
11
4
4
3
2
28 0
5
10
7
2
5
5
Breakthrough
Platform
Derivative
F L A M E
R E T A R D A N T
P O L Y M E R S
A D V A N C E D
C O M P O S I T E S
B A R R I E R
M A T E R I A L S
C O L O R A N T
T E C H N O L O G I E S
T H E R M O P L A S T I C
E L A S T O M E R S
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 16
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 17
Fiber
Polymer
Composite
S T R A T E G I C I N V E S T M E N T H I S T O R Y
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation
2019
18
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 19
W A T E R C R A F TR A I L H E A V Y T R U C K
F I B E R - L I N E H I G H L I G H T S
PolyOne Corporation 20
$100M
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Customer
Value
Fiber-Line
Fiber Processing
Capabilities
Polymer Formulation
Capabilities
P O L Y O N E A P P L I C A T I O N S I N F I B E R O P T I C C A B L E S
PolyOne Corporation 21
•
•
•
•
•
•
•
•
•
F I B E R O P T I C A L G R O W T H D R I V E R S
PolyOne Corporation 22
5G Networks
10x
8x
5G vs. 4G
PolyOne Corporation 23
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 24
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
Leverage
PolyOne’s
global reach
Phase 1
Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 25
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
243
340
At Acquisition Today
$36
$96
At Acquisition Today
11%
20%
At Acquisition Today
Established Acquisitions
(> 7 years)
+ 40% + 165% + 900 bps
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 26
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
138
181
251
At Acquisition Today Goal
$23 $25
$70
At Acquisition Today Goal
7%
8%
18-20%
At Acquisition Today Goal
Recent Acquisitions
PolyOne Corporation 27
Average
Company Size
# of
Possibilities
Rationale
$200M
•
•
•
S T R O N G P I P E L I N E
D R I V E N B Y F R A G M E N T E D M A R K E T
$0
$150
$300
$450
$600
$750
$900
2011 2012 2013 2014 2015 2016 2017 2018
$890M
R E T U R N I N G C A S H T O S H A R E H O L D E R S
O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$0.78
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3-Year Dividend Plan
Cumulative Share Repurchases Increasing Annual Dividend
28
6.3%
14.1%
16-17%
2009 2018 Updated Expectations
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 29
PolyOne Corporation 30
W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Jefferies%2520Conference%2520-%25208%253A7%253A2018.pdf
Investor Day
P O L Y O N E
I N V E S T O R
P R E S E N T A T I O N
A U G U S T 2 0 1 8
F O R W A R D L O O K I N G S T A T E M E N T S
PolyOne Corporation 2
•
•
•
•
•
•
•
•
•
U S E O F
N O N - G A A P
M E A S U R E S
PolyOne Corporation 3
•
•
•
V I S I O N
PolyOne Corporation 4
To be the world’s
premier provider of
specialized polymer
materials, services and
solutions
C O R E
V A L U E S
P E R S O N A L
V A L U E S
Honesty IntegrityRespect
Operational
Excellence
Commercial
Excellence
Specialization
Globalization
Collaboration ExcellenceInnovation
To be the world’s
premier provider of
specialized polymer
materials, services
and solutions
S A F E T Y F I R S T
PolyOne Corporation 5
1.3
1.1 1.1
0.85
0.65
0.57
0.54
0.97
0.84
0.74 0.74
0.69
0.57
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
YTD
Injuries per 100 Workers
Spartech
Acquisition
PolyOne Corporation 6
P O L Y O N E
2 0 1 7 R E V E N U E | $ 3 . 2 B I L L I O N
Transportation
18%
Industrial
16%
Consumer
12%
Packaging
11%
Healthcare
11%
Wire & Cable
9%
Appliance
5%
United States
59%
Europe
14%
Asia
10%
Latin
America
9%
Canada
8%
PolyOne
Distribution
34%
Performance Products &
Solutions 21%
Specialty
Engineered
Materials
19%
Color
Additives &
Inks 26%
Segment End Market Geography
Building &
Construction
12%
Electrical &
Electronics
6%
2009 2010 2011 2012 2013 2014 2015 2016* 2017*
P R O O F O F P E R F O R M A N C E
C O N S E C U T I V E
Y E A R S
PolyOne Corporation 7
8
$0.13
$0.68
$0.82
$1.00
$1.31
$1.80
$1.96
$2.06
$2.21
2006 2017
“Where we were” “Where we are”
ROIC** 5.0% 14.0%
Operating Income
% of Sales
Color, Additives & Inks 1.7% 15.5%
Specialty Engineered
Materials
1.1% 12.1%
Performance Products
& Solutions
4.3% 10.7%
Distribution 2.6% 6.3%
A D J U S T E D E P S E X P A N S I O N
S U S T A I N A B L E P A T H T O D O U B L E - D I G I T E P S G R O W T H
PolyOne Corporation 8
P E O P L E P R O D U C T S P L A N E T P E R F O R M A N C E
Double digit
annual EPS
growth
strategic acquisitions
Innovate
600K-1M
commercial
resources 6-8%
Double acquired
margins
Lean Six Sigma
commercial excellence
531
689130
157
504
633
2014 Q2 2018
R&D / Technical Marketing Sales
PolyOne Corporation 9
Increased commercial headcount
+ 28%
+ 18%
+ 23%
Generating opportunities
35%
25%
1,000
$1.0B
Enhancing efficiency
8%
20%
I N V E S T M E N T I N C O M M E R C I A L R E S O U R C E S D R I V I N G G R O W T H
Lead
Specialists
T H E E V O L V I N G C U S T O M E R R E L A T I O N S H I P
PolyOne Corporation 10
Expanded Path
Traditional Path
Strategic Accounts/
Field Sales
Business
Development
Customer
Service
Web and Social
Media
Inside Sales
PolyOne Corporation 11
Investments in digital and dedicated inside sales to
improve customer experience
80% increase in leads (from 6,000 to 11,000) driven
by website, phone, and online chat
E X P A N D E D P A T H
A D D I N G C U S T O M E R T O U C H P O I N T S
4
21
2014 2017
Inside sellers
$11M
$88M
2014 2017
Inside sales/digital revenue
N E W R E S O U R C E S F U E L I N G T H E F U T U R E
PolyOne Corporation 12
P O L Y O N E
S A L E S
F U N N E L
+34%
2014
$3.0 billion
2017
$4.0 billion
A L I G N I N G W I T H T R E N D S F O R G R O W T H
T R A N S P O R T A T I O N P A C K A G I N G H E A L T H C A R E C O N S U M E R
PolyOne Corporation 13
Facilitate
alternative
energy
solutions
Light-
weighting
Reduce
packaging
materials
Improve
recyclability
Reduce
spread of
infection
I N N O V A T I O N
PolyOne Corporation 14
Customization
55%
M&A
30%
Innovation
Pipeline
15%
Innovation comes from Research & Development Spend
Vitality Index
12%
38%
2006 2017
$20
$52
2006 2017
Transformational
Adjacent
Core
3 H O R I Z O N S O F D E V E L O P M E N T
PolyOne Corporation 15
Market
Technical
I N N O V A T I O N
I N N O V A T I O N P I P E L I N E
PolyOne Corporation 16
PrototypeFrame
Opportunity
Scale-up & Test
Market
Build
Business Case
Commercial
Launch
(since 2015)
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5
8
5
6
2 1
15 4
10
5
11
4
5
7
Breakthrough
Platform
Derivative
F L A M E
R E T A R D A N T
P O L Y M E R S
A D V A N C E D
C O M P O S I T E S
B A R R I E R
M A T E R I A L S
C O L O R A N T
T E C H N O L O G I E S
T H E R M O P L A S T I C
E L A S T O M E R S
I N N O V A T I O N S P O T L I G H T :
C O M P O S I T E S
PolyOne Corporation 17
C O M P O S I T E S R E F R E S H E R
PolyOne Corporation 18
Fiber
Polymer
Composite
S T R A T E G I C I N V E S T M E N T H I S T O R Y
Thermoplastic Composites
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
Long Fiber Reinforced Thermoplastics
Continuous Fiber Thermosets
2012 2015 20162009 2011 2018
PolyOne Corporation 19
C O M P O S I T E S I N T R A N S P O R T A T I O N
PolyOne Corporation 20
W A T E R C R A F TR A I L H E A V Y T R U C K
PolyOne Corporation 21
Safety Technology Geography Service FinancialPeople
8-10% with
ability to double
I N V E S T - T O - G R O W M & A S T R A T E G Y
PolyOne Corporation 22
Capture
sourcing
synergies
Cross-sell
& blend
technology
8-10%
operating
margins
I N V E S T - T O - G R O W M & A P L A Y B O O K
Protect
customers
Retain
employees
Implement LSS to
drive efficiency
improvements
Innovate with
combined
portfolio
Safety
First!
Leverage
PolyOne’s
global reach
Phase 1
Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 23
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
243
335
At Acquisition Today
$36
$90
At Acquisition Today
11%
20%
At Acquisition Today
Established Acquisitions
(> 7 years)
+ 40% + 150% + 900 bps
I N V E S T - T O - G R O W D R I V I N G T H E F U T U R E
PolyOne Corporation 24
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
113
144
206
At Acquisition Today Goal
$16
$18
$60
At Acquisition Today Goal
7%
8%
18-20%
At Acquisition Today Goal
Recent Acquisitions
PolyOne Corporation 25
Average
Company Size
# of
Possibilities
Rationale
$200M
•
•
•
S T R O N G P I P E L I N E
D R I V E N B Y F R A G M E N T E D M A R K E T
$0
$150
$300
$450
$600
$750
2011 2012 2013 2014 2015 2016 2017 2018
$809M
R E T U R N I N G C A S H T O S H A R E H O L D E R S
O V E R $ 1 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.58
$0.70
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3-Year Dividend Plan
Cumulative Share Repurchases Increasing Annual Dividend
26
6.3%
14.0%
15.0%
16-17%
2009 2017 Platinum Vision Updated Expectations
R O I C D R I V E S S H A R E H O L D E R R E T U R N
PolyOne Corporation 27
PolyOne Corporation 28
W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/investor-center/news/avient-announces-third-quarter-2023-results
of annual interest expense savings.
annual incentive plans and is used in debt covenant computations.
https://www.avient.com/sites/default/files/2021-12/Chemically Resistant Materials Whitepaper.pdf
HAIs constitute a
significant burden (approximately 28-45 billion
USD) to the U.S. healthcare system and affect
1.7 million patients annually.1,2 However, heavy
chemical exposure to devices and other equipment
that often contain various plastic components
poses an additional challenge—many of the
materials being used today are not designed to
withstand such routine cleaning or the wide variety
of disinfectants employed.
https://www.avient.com/sites/default/files/2022-04/Sustainable Material Answers_ Circular Economy 2022_1.pdf
By 2040,
a circular economy has the potential to reduce the annual volume of plastics entering
our oceans by 80%, reduce greenhouse gas emissions by 25%, generate savings of
$200 U.S. dollars per year and create 700,000 net additional jobs..
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
MACHINE SIZING
Shot Capacity & Barrel Sizing
The size of the barrel needs to be large enough
to ensure proper melting and mixing of the
material, at the desired shot size .
Typical shot sizes need to be between
30%–80% of barrel capacity .
End of Fill
Part Length
Dynamic Pressure
Hydrostatic Pressure
P
re
s
s
u
re
Gate End
Part
FIGURE 61 - Deflection Equations
H
F
WLMax Deflection:
0.002" (0.05mm)
1 =
W • H3
12
_______
bending =
F • L3
48 • E • I
_______
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
FIGURE 60 - Pressure vs Part Length
FIGURE 61 - Deflection equations
FIGURE 62 - For Plate Shaped Parts
FIGURE 63 - For Cylindrical Shaped Parts
Design Guide 49
• M
Moldings
= Combined mass of molded parts
• C
p
= Specific Heat of the material
Step 3 – Heat Removal Rate
• N
lines
= The total number of independent
cooling lines there are in the mold
• t
c
= The cooling time required by the part
(Determined in step 1)
Step 4 – Coolant Volumetric Flow Rate
• ΔT
Max,Coolant
= Change in coolant
Temperature During Molding (1°C)
• ρ
Coolant
= Density of coolant
• CP = Specific heat of coolant
Step 5 – Determine Cooling Line Diameter
• ρ
Coolant
= Density of coolant
• V
Coolant
= Volumetric flow rate of coolant
• μ
Coolant
= Viscosity of coolant
• ΔP
line
= Max pressure drop per line
(Usually equals half of the pump capacity)
• L
Line
= Length of the cooling lines
COOLING LINE SPACING
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
4
π
tc =
h2
1n
π2 • a
•
Tmelt – Tcoolant
Teject – Tcoolant
tc =
D2
1.61n
23.1 • a
Tmelt – Tcoolant
Teject – Tcoolant
a =
k
p * Cp
Qmoldings = mmoldings • Cp • Tme • Cplt – Teject
cooling
nlines
moldings
tccooling
Vcoolant
line
nmax, coolant • Pcoolant • Cp, coolant
Dmax =
4 • Pcoolant • Vcoolant
π • µcoolant • 4000
Dmin =
Pcoolant • Lline • V2coolant5
10π • ∆Pline
2D < H
line
< 5D
H
line
< W
line
< 2H
line
FIGURE 70 - Cooling Line Spacing
FIGURE 64 - Heat Transfer Equation
FIGURE 65 - Total Cooling for Mold
FIGURE 66 - Cooling Required by Each Line
FIGURE 68 - Max Diameter Equation
FIGURE 69 - Min Diameter Equation
FIGURE 67 - Volumetric Flow Rate Equation
50 Gravi-Tech
ADHESIVE ADVANTAGES DISADVANTAGES
Cyanoacrylate
Rapid, one-part process
Various viscosities
Can be paired with primers
for polyolefins
Poor strength
Low stress crack resistance
Low chemical resistance
Epoxy
High strength
Compatible with various
substrates
Tough
Requires mixing
Long cure time
Limited pot life
Exothermic
Hot Melt
Solvent-free
High adhesion
Different chemistries for
different substrates
High temp dispensing
Poor high temp performance
Poor metal adhesion
Light Curing Acrylic
Quick curing
One component
Good environmental resistance
Oxygen sensitive
Light source required
Limited curing configurations
Polyurethane
High cohesive strength
Impact and abrasion resistance
Poor high heat
performance
Requires mixing
Silicone
Room temp curing
Good adhesion
Flexible
Performs well in high temps
Low cohesive strength
Limited curing depth
Solvent sensitive
No-Mix Acrylic
Good peel strength
Fast cure
Adhesion to variety
of substrates
Strong odor
Exothermic
Limited cure depth
Design Guide 51
Bibliography
1 .
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
In addition, operating income before the effect of special items is
a component of Avient's annual incentive plans and is used in debt covenant computations.