https://www.avient.com/sites/default/files/2020-12/artisan-thermoplastics-nylon-processing-guide.pdf
Cut vent depths to 0.0007″–0.0015″
Draft Angle Maintain a minimum draft angle of 1° per side
4 Artisan Pre-Colored Thermoplastics
Incomplete Fill
Melt and/or mold
too cold
• Increase nozzle and barrel temperatures
• Check thermocouples and heater bands
Shot size
• Increase shot size
• Adjust transfer position to 98% full
• Increase cushion
Mold design
• Enlarge or widen vents and increase number of vents
• Check that vents are unplugged
• Check that gates are unplugged
• Enlarge gates and/or runners
• Perform short shots to determine fill pattern
and verify proper vent location
• Increase wall thickness to move gas trap to
parting line
Brittleness
Degraded/overheated
material
• Decrease melt temperature
• Decrease back pressure
• Use smaller barrel
Gate location
and/or size
• Relocate gate to non-stress area
• Increase gate size to allow higher flow rate
and lower molded-in stress
Wet material
• Check moisture.
Sink Marks
Melt too hot • Decrease nozzle and barrel temperatures
Insufficient
material volume
• Increase shot size
• Increase packing pressure
Part geometry
too thick
• Reduce wall thickness
• Reduce rib thickness
Processing Guide 5
Flash
Injection pressure
too high
• Decrease injection pressure
• Increase clamp pressure
• Increase transfer position
Excess
material volume
• Adjust transfer position
• Decrease pack pressure
• Decrease shot size
Melt or mold
too hot
• Decrease nozzle and barrel temperatures
• Decrease mold temperature
Loose clamp • Reset mold height
• Increase clamp tonnage
Shrink
Too much shrink • Increase cooling time
Too little shrink • Decrease cooling time
Burning
• Reduce decompression
Mold design • Clean, widen and increase number of vents
• Increase gate size to reduce shear
Wet material • Verify material is dried at proper condition
Nozzle Drool
Nozzle temperature
too hot
• Decrease nozzle temperature
• Decrease back pressure
• Increase screw decompression
• Verify material has been dried at proper conditions
Incorrect nozzle • Use reverse taper tip
Weld Lines
Melt front
temperatures are
too low
• Increase pack and hold pressure
Mold design
• Increase gate size
• Identify end of fill pattern and verify proper
vent location
• Add vents or increase vent width
• Move gate location
6 Artisan Pre-Colored Thermoplastics
Warp
• Increase melt temp
• Reduce injection speed
• Increase pack pressure
• Increase pack time
• Decrease mold temperature
• Increase cool time
Mold design • Non-uniform mold cooling
Part design • Non-uniform wall thickness
Thermolator incorrect
temperature
• Check settings
• Inspect thermocouple
Sticking in Mold
Overfilled cavity
• Decrease injection rate and pressure
• Decrease hold pressure
• Decrease cooling time
Part too hot
• Decrease barrel temperature
• Decrease mold temperature
• Increase cooling time
Mold design • Increase draft angle
• Polish cores in direction of ejection
Black Specks
Contamination • Purge machine
Degradation
• Reduce melt temperature
• Reduce screw speed
• Reduce back pressure
Machine related • Check for wear on screw, barrel or check ring
Delamination
• Increase melt temperature
• Decrease injection speed
• Purge barrel to eliminate material contamination
Mold design • Reduce sharp corners in material flow path
• Increase venting
Processing Guide 7
Discoloration
Oversheared
material
• Decrease melt temperature
• Decrease injection speed
• Reduce residence time
Mold design • Increase gate sizing
Dry material • Check moisture of material to ensure it is within the
recommended moisture percentage for molding
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https://www.avient.com/sites/default/files/2024-03/Nymax _ Nymax REC Processing Guide.pdf
Degraded/
overheated
material
• Decrease melt temperature
• Decrease back pressure
• Use smaller barrel
• Decrease injection speed
Gate location
and/or size
• Relocate gate to nonstress area
• Increase gate size to allow higher flow rate
and lower molded in stress
Fibers/Minerals on
Surface or Uneven
Surface Appearance
Melt temperature
too low
• Increase injection speed
Insufficient packing • Increase hold pressure and time
Processing Guide 5
Sink Marks
Part geometry
too thick
• Reduce wall thickness
• Reduce rib thickness
Melt too hot • Decrease nozzle and barrel temperatures
Insufficient
material volume
• Increase packing pressure
• Increase gate size
Flash
Injection pressure
too high
• Decrease injection pressure
• Increase clamp pressure
• Increase transfer position
Excess
material volume
• Adjust transfer position
• Decrease pack pressure
• Decrease shot size
Melt and/or mold
too hot
• Decrease screw speed
Loose clamp • Reset mold height
• Increase clamp tonnage
Shrink
Too much
shrink
Too little
shrink
• Decrease cooling time
6 Nymax Polymer Formulations
Burning
Process related
Mold design • Clean, widen and increase number of vents
• Increase gate size to reduce shear
Wet material
• Check moisture.
Nozzle Drool
Nozzle temperature
too hot
• Decrease nozzle temperature
• Decrease back pressure
• Increase screw decompression
• Verify material has been dried at proper conditions
Incorrect nozzle • Use reverse taper tip
Weld Lines
Melt front
temperatures are
too low
• Increase pack and hold pressure
Mold design
• Increase gate size
• Perform short shots to determine fill pattern
and verify proper vent location
• Add vents and/or false ejector pin
• Move gate location
Warp
Process related
• Increase pack pressure
• Increase pack time
Mold design • Non-uniform mold cooling
Part design • Non-uniform wall thickness
Thermolator incorrect
temperature
• Check settings
• Inspect thermocouple
Processing Guide 7
Sticking in Mold
Overfilled cavity
• Decrease injection rate and pressure
• Decrease pack and hold pressure
• Adjust transfer position
• Decrease cooling time
Mold design • Increase draft angle
• Polish cores in direction of ejection
Part is too hot
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Copyright © 2024, Avient Corporation.
https://www.avient.com/sites/default/files/resources/NOVEL_THERMOPLASTIC_ELASTOMERS_FOR_UNIVERSAL_OVERMOLDING_ON_DISSIMILAR_THERMOPLASTICS.pdf
Rheology
The viscosities of both TPE-1 and TPE-2 at different shear rates were measured using a capillary
rheometer at 200oC by a method prescribed in ASTM D3835.
Figure 1
Surface energy of various thermoplastic elastomers with rigid thermoplastics
Engineering
Plastics
Polyamide 6,6
ABS
Polycarbonate
Acrylic
Polystyrene
Polypropylene
Polyethylene
Elastomers
COPA
TPU
COPE
S-TPE
TPV
mPE
Surface
Energy (mN/m)
46
43
40
37
34
31
28
Figure 2
Schematic diagram of the peel test
Table I
Physical property of TPE-1
Shore A Hardness (10 second delay) 44
Specific Gravity (g/cm3) 0.90
Color Natural
300 % Modulus (PSI) 348
Tensile Strength (PSI) 603
Elongation at Break (%) 598
Tear Strength (lbf/in) 110
Table II
Adhesion value of TPE-1 on different substrates
Substrate
Average Peel Strength
(lbf) Failure Type
PP 17 Cohesive
Copolyester 13 Adhesive
PET 13 Adhesive
PPE/HIPS 18 Adhesive
PMMA 15 Adhesive
PS 18 Adhesive
PC 17 Adhesive
PC/ABS 14 Adhesive
HIPS 13 Adhesive
ABS 13 Adhesive
Table III
Properties and peel strength of TPE-2 materials
15.37Nylon
11.16.5POM
227Polyester
22.619PC/ABS
24.5-ABS
20.828PP
Peel Strength (PIL)
713721Tensile Elongation (%):
10811010Tensile Strength (psi):
5651Hardness:
BA
15.37Nylon
11.16.5POM
227Polyester
22.619PC/ABS
24.5-ABS
20.828PP
Peel Strength (PIL)
713721Tensile Elongation (%):
10811010Tensile Strength (psi):
5651Hardness:
BA
Figure 3
Capillary viscosity of TPE-1 and -2 at 200°C
1.00E+00
1.00E+01
1.00E+02
1.00E+03
1.00E+01 1.00E+02 1.00E+03 1.00E+04 1.00E+05
Shear rate (1/sec)
Vi
sc
os
ity
(P
a*
se
c)
TPE-1 TPE-2A TPE-2B
GLS Corporation
Abstract
Introduction
Experimental
Material
Two classes of “universal overmolding TPEs” have been developed and used in this study.
https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• The impact of the COVID-19 pandemic has on our business, results from operations, financial condition and liquidity;
• Our ability to achieve the strategic and other objectives relating to the acquisition of Clariant’s Masterbatch business, including any expected synergies;
• Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future;
• The effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;
• Changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business;
• Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online;
• Fluctuations in raw material prices, quality and supply and in energy prices and supply;
• Production outages or material costs associated with scheduled or unscheduled maintenance programs;
• Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters;
• An inability to raise or sustain prices for products or services;
• An ability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to acquisitions and integration, working capital reductions, cost reductions, and employee productivity goals;
• Information systems failures and cyber attacks; and
• Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation.
That’s Avient.
21,000+
CUSTOMERS
>75%
ARE CUSTOMIZED SOLUTIONS
TO UNIQUE SPECIFICATIONS
of
sales
AVIENT’S VALUE CREATION LEVERS
7
Exposure to high growth end markets
Investment in commercial resources and innovation
Strong free cash flow generation / capital deployment
Clariant Masterbatch synergies
COVID recovery
Re-Rating: Current share price valuation
Avient is poised for near-term and long-term
shareholder value creation.
16
2021 O U TLO O K
Synergies
($ millions)
Initial
Three-Year
Estimate
Revised
Three-Year
Estimate
2021
Expected
Realization
Administrative $ 18 $ 20 $ 15
Sourcing 24 30 15
Operational 18 25 5
Total Synergies $ 60 $ 75 $ 35
CLARIANT INTEGRATION &
COST SYNERGIES UPDATE
18
• Integration going extremely well: synergy target increased from $60 million to $75 million
• $5 million of synergies in 2020 and expect to realize $35 million in 2021
• Relentless focus on guiding principles of safety first, employee collaboration and exceeding
customer expectations
• Future revenue synergies are not part of these estimates and represent additional growth over
the long term
$86
$103
$0.53
$0.70
ORGANIC GROWTH PROJECTIONS – Q1
19
Sales Adjusted Operating Income
$991
$1,090
+ 10%
Adjusted EPS
+ 20% + 32%
(in millions) (in millions)
(1) (1) (1)
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
$308
$360
$1.93
$2.40
ORGANIC GROWTH PROJECTIONS – FULL YEAR
20
Sales Adjusted Operating Income
$3,783
$4,100
+ 8%
Adjusted EPS
+ 17% + 24%
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(in millions) (in millions)
2020 Pro forma $3,783 $308
Sustainable Solutions 60 11% 24
Healthcare 60 11% 18
Composites 20 10% 10
Growth in Emerging Regions 50 7% 11
Other (GDP growth) 82 5% 11
Sub-total $4,055 7% $382
COVID Response Applications (25) - (11)
Outdoor High Performance Applications (15) - (7)
Asia Payroll Tax Subsidy (COVID) - - (4)
FX Impact 85 - 7
Synergies - - 30
Incentives, Travel, Other Employee Costs - - (37)
2021 Estimated $4,100 8% $360
2021 ORGANIC SALES AND OPERATING INCOME
21 (1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
(2) COVID Response Applications: facemasks, personal protective equipment
Sales Growth Rate
Operating
Income$ millions
(2)
CASH FLOW AND LEVERAGE
22
• Asset light business generates
significant free cash flow
• Cash generation in 2021 partially offset
by restructuring activities to capture
synergies associated with the Clariant
Masterbatch acquisition
• Cash flow deployed to M&A,
opportunistic share repurchases and
balance sheet / leverage reduction
3.5x
2.7x
2.1x
2019PF 2020PF 2021E
Net Debt / Adjusted EBITDA
(1) Financial information is pro forma to include a full year of Clariant Masterbatch business acquisition
($ millions) 2020 2021E
Adjusted EBITDA 382 510
Working Capital: Source / (Use) 116 (30)
Cash Taxes (40) (53)
Interest Paid (67) (76)
CapEx (62) (75)
CapEx for Synergy Capture (2) (20)
Restructuring for Synergy Capture (11) (25)
Other 22 19
Free Cash Flow 338 250
23
• 8% increase in sales drives 24% increase in adjusted EPS to $2.40
($2.70 excluding step-up depreciation and amortization) as a result of
continued growth in sustainable solutions and synergy capture
• Clariant synergy capture ahead of schedule: $35M of savings planned from
Clariant Masterbatch acquisition
• Adjusted EBITDA of $510M – highest level in company history
• Deleveraging ahead of schedule – 2.1x net debt to adjusted EBITDA by the
end of 2021
2021 PROJECTIONS
PEER COMPARISONS
24
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
https://www.avient.com/sites/default/files/2020-08/willowwood-prosthetics-case-study.pdf
Low-activity amputees—level K2
as defined by the Medicare Functional Classification Level
(MFCL) rating system—have the ability to traverse low-
level environmental barriers such as curbs and stairs.
https://www.avient.com/sites/default/files/2020-09/industrial-springs-application-bulletin2020.pdf
Resin impregnated,
continuous glass fibers are drawn through a curing die of a specific cross section, yielding consistent quality,
dimensions and mechanical properties to provide more consistent spring rates than alternate materials.
https://www.avient.com/sites/default/files/2020-09/composite-furniture-springs-application-bulletin2020.pdf
Resin impregnated,
continuous glass fibers are drawn through a curing die of a specific cross section, yielding consistent quality,
dimensions and mechanical properties to provide more consistent spring rates than alternate materials.
https://www.avient.com/sites/default/files/2022-03/Nymax BIO Bio-based Polyamide Solutions Product Bulletin.pdf
KEY CHARACTERISTICS
• Bio-polymers that reduce the carbon
footprint value significantly
• Achieves equivalent performance as PA66
glass fiber-filled materials
• Excellent surface appearance and colorability
• Lower warpage compared with PA66 glass
fiber-filled materials
• Cost-effective alternative to PA66 glass
fiber-filled materials
• Excellent dimensional stability and property
retention rate after water uptake
• Commercially available in Asia
APPLICATIONS
Nymax BIO formulations can be applied to reach
sustainability goals in demanding applications
including:
• Transportation • Consumer goods
• Industrial • Building and construction
PRODUCT BULLETIN
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Copyright © 2022, Avient Corporation.
https://www.avient.com/sites/default/files/2023-03/Syncure XLPE Product Bulletin.pdf
KEY CHARACTERISTICS
• Resistant to heat, oil, creep and abrasion
• Flame performance
• Low temperature performance
• Temperature ratings up to 125°C
• High extrusion speeds, ambient curing properties
and low capital investment
• Conforms to UL-44, UL-4703 and CSA 22.2
requirements
MARKETS AND APPLICATIONS
Syncure XLPE formulations provide economical
solutions for multiple end-use commercial and
residential applications.
https://www.avient.com/sites/default/files/2023-10/Cesa Flame Retardant Additives PTFE-free and Non-halogen for Polycarbonate Product Bulletin_A4.pdf
They
are developed to achieve GWFI 960°C ratings with
a maximum of 30 seconds post combustion time.