https://www.avient.com/news/polyone-announces-strong-third-quarter-2014-results
Apr 03, 2025
Feb 13, 2025
Feb 10, 2025
https://www.avient.com/sites/default/files/2020-10/luxury-closures-gravi-tech-design-guide-2.0-application-specific.pdf
It is better to
fill out the part at slower speeds in-order to let
any compressed air escape, and to get the best
surface finish on the part.3
• Using all of the previous settings, record the
Transfer Pressure, Fill Time, and Injection
speed
• Reduce the injection velocity by 10% and
record the same values
• Keep reducing the injection velocity until a
fill time of 10-15 seconds is reached
Transfer
Pressure
(psi)
Fill
Time
(sec)
Injection
Velocity
(in/sec)
Relative
Shear Rate
Relative
Viscosity
1238 0 .20 8 .00 5 .00 247 .60
1125 0 .22 7 .00 4 .55 247 .50
1058 0 .25 6 .00 4 .00 264 .50
960 0 .35 5 .00 2 .86 336 .12
870 0 .45 4 .00 2 .22 391 .65
780 0 .58 3 .00 1 .72 452 .59
690 0 .85 2 .00 1 .18 586 .78
600 1 .35 1 .00 0 .74 810 .45
510 2 .50 0 .75 0 .40 1275 .83
420 5 .23 0 .50 0 .19 2198 .34
330 9 .56 0 .25 0 .10 3157 .99
240 15 .26 0 .10 0 .07 3667 .49
FIGURE 47 - Injection Speed
22 Gravi-Tech
• Calculate the Relative Viscosity for each of
the Injection Speeds using the equation
above (Transfer Pressure * Fill Time)
• Calculate the Relative Shear Rate for each
of the injection speeds using the equation
(1/Fill Time)
• Plot the points on a graph and find the
optimum velocity
• The optimum velocity will be where the
curve starts to level out
In figure 48 above, the optimum velocity is where
the plotted line crosses the black trend line;
therefore the optimum velocity would be about
1 .00 in/sec .
FIGURE 48 - The Injection Unit
Nozzle
Non-Return Valve Heater Bands Barrel
Screw
Hopper
Metering
Zone
Compression
Zone
Feed
Zone
FIGURE 47 - Non-Return Valve: Check Ring
Check Ring Open
Check Ring Closed
FIGURE 49 - The Injection Unit
FIGURE 50 - Non-return Valve: Check Ring
Design Guide 45
FIGURE 48 - Non-Return Valve: Ball Check
Ball Check Open
Ball Check Closed
Poppet Valve
The final type of non-return valve is called a
poppet valve .
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/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Gaggenau, Germany 5.
Melle, Germany 8.
Schuering 49 Senior Vice President, President of Distribution
Robert M.
https://www.avient.com/sitemap
PolyOne Announces Pricing of $650 Million 5.75% Senior Notes due 2025
ColorForward™ Forecasts a Focus on Mid-Tone Colors for 2025
Avient To Hold First Quarter 2025 Conference Call
https://www.avient.com/sites/default/files/2024-10/2024 AVNT Q3 Webcast Slides w appendix and non-GAAP.pdf
For the same reasons, Avient is unable to address the probable significance of the unavailable information.
2
3
Q3 2024 HIGHLIGHTS
• 8.5% organic sales growth driven by broad-based
growth across all regions and most end markets in both
CAI and SEM segments
• Growth stemmed from gaining share, winning new
product specifications and restocking in certain end
markets
• Both segments expanded YoY EBITDA margins by 40
bps each
• Adjusted EPS of $0.65, an increase of 14% vs the
prior year
• Successfully refinanced $650M outstanding senior
notes due 2025; extending maturity to 2031
• Increased dividend 5% to $1.08 on an annualized
basis; 14th consecutive increase
Adj.
https://www.avient.com/sites/default/files/resources/PolyOne%25202013%2520Annual%2520Report.pdf
Our product development and application reach is further enhanced by the
capabilities of our Innovation Centers in the United States, Germany and China, which produce and
evaluate prototype and sample parts to help assess end-use performance and guide product
development.
Louis, Missouri Carolina 6.Hackensack,
Tennessee 4.Gaggenau, Germany 5.Sullivan, Missouri 6.Elyria, Ohio New Jersey (4)
7.Pasadena, Texas 5.Istanbul, Turkey 6.Massillon, Ohio 7.La Porte, Texas 7.La Mirada, California (4)
8.Seabrook, Texas 6.Barbastro, Spain 7.Norwalk, Ohio 8.Brampton, Ontario, 8.Manitowoc,
9.Orangeville, 7.Melle, Germany 8.North Baltimore, Ohio Canada Wisconsin (4)
Ontario, Canada 8 & 9.Suzhou, China (2) 9.Lehigh, Pennsylvania (8 Distribution 9.McMinnville,
10.St.
POLYONE CORPORATION 49
Cash and Cash Equivalents
We consider all highly liquid investments purchased with a maturity of less than three months to be
cash equivalents.
https://www.avient.com/sites/default/files/resources/POL%2520Gabelli%2520IR%2520Presentation%2520w%2520Non-GAAP%252003%252020%25202014.pdf
Use of Non-GAAP Measures
Page 3
PolyOne Commodity to Specialty Transformation
Page 4
• Continue specialty
transformation
• Targeting $2.50
Adjusted EPS by
2015, nearly
double 2013 EPS
• Drive double digit
operating income
and adjusted EPS
growth
• 17 consecutive
quarters of double-
digit adjusted EPS
growth
• Shift to faster
growing, high
margin, less cyclical
end markets
• Key acquisitions
propel current and
future growth, as
well as margin
expansion
• Established
aggressive 2015
targets
• Steve Newlin
Appointed,
Chairman, President
and CEO
• New leadership
team appointed
• Implementation of
four pillar strategy
• Focus on value
based selling,
investment in
commercial
resources and
innovation to drive
transformation
• Volume driven,
commodity
producer
• Heavily tied to
cyclical end markets
• Performance largely
dependent on non-
controlling joint
ventures
2000-2005 2006 - 2009 2010 – 2013 2014 and beyond
-150.00%
-50.00%
50.00%
150.00%
250.00%
350.00%
PolyOne S&P 500 Russell 2000 Dow Jones Chemical
All time high of
$38.38
March 7th, 2014
• 17 consecutive quarters of
double digit EPS growth
• 49% CAGR adjusted EPS
expansion 2006-2013
• 2013 stock price increased
73% versus 30% growth in the
S&P
• More than seven fold increase in
market cap: $0.5b $3.6b
Strategy and Execution Drive Results
Page 5
Appliance
4%
Building &
Construction
13%
Wire & Cable
9%
Electrical &
Electronics
5%
Consumer
10%Packaging
16%
Industrial
12%
HealthCare
11%
Transportation
18%
Misc.
2%
United
States
66%
Europe
14%
Canada
7%
Asia
6%
Latin
America
7%
PP&S
20%
Specialty
53%
Distribution
27%
0.12
0.27 0.21
0.13
0.68
0.82
1.00
1.31
2.50
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
2006 2007 2008 2009 2010 2011 2012 2013 2015
Target
A
dj
us
te
d
Ea
rn
in
gs
P
er
S
ha
re
2013 Revenues: $3.8 Billion
End Markets
2013 Revenues: $3.8 Billion
EPS
Page 6
PolyOne
At A Glance
Old
PolyOne Transformation
*Operating Income excludes corporate charges and special items
2%
34%
43%
62%
65-
75%
0%
20%
40%
60%
80%
100%
2005 2008 2010 2013 2015
%
o
f O
pe
ra
ti
ng
In
co
m
e*
JV's Performance Products & Solutions Distribution Specialty
Specialty OI $5M $46M $87M $195M Target
Mix Shift Highlights Specialty Transformation
2015
Target
Page 7
2006 2013 2015
“Where we were” “Where we are” Target
1) Operating Income %
Specialty:
Global Color, Additives & Inks 1.7% 12.2% 12 – 16%
Global Specialty Engineered
Materials 1.1% 9.3% 12 – 16%
Designed Structures & Solutions -- 5.6% 8 – 10%
Performance Products &
Solutions 5.4% 7.2% 9 – 12%
Distribution 2.6% 5.9% 6 – 7.5%
2) Specialty Platform % of
Operating Income 6.0% 62% 65 – 75%
3) ROIC* (after-tax) 5.0% 9.1% 15%
4) Adjusted EPS Growth N/A 31%
Double Digit
Expansion
Proof of Performance & 2015 Goals
*ROIC is defined as TTM adjusted OI divided by the sum of average debt and equity over a 5 quarter period
Page 8
Bridge To $2.50 Adjusted EPS By 2015
2015 EPS: $2.50
2013 EPS: $1.31
Mid single digit
revenue CAGR
Page 9
Mergers & Acquisitions
Spartech accretion
Incremental share buybacks
Ongoing LSS Programs
(50-100 bps/yr)
Accelerated Innovation &
Mix Improvement
Innovation Drives Earnings Growth
$20.3
$52.3
2006 2013
Research & Development
Spending
($ millions)
Specialty Platform
Vitality Index Progression*
*Percentage of Specialty Platform revenue from products introduced in last five years
Page 10
14.3%
30.7%
2006 2013
Specialty Platform
Gross Margin %
19.5%
43.0%
2006 2013
Healthcare
Consumer
Packaging and Additive Technology
Transportation
Page 11
Unique and Innovative Solutions that Help
Customers Win
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/uD3p_bdglP/Presentation revise pics/GLS Beverage can closure XO 2.jpg
https://www.dropbox.com/sh/dwe4t8aacvhb8ui/-YgkycKypw/Anti-Counterfeiting release & images/GN1979.JPG
Net Debt / EBITDA* = 1.8x
$48
$317
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of December 31, 2013
($ millions)
Page 12
Coupon Rates: 7.500% 7.375% 5.250%
Debt Maturities & Pension Funding – 12/31/13
*TTM 12/31/2013 ** includes US-qualified plans only
60%
100%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2013
Pension Funding**
As of December 31, 2013
Free Cash Flow and Strong Balance Sheet Fund Investment
• Targets that expand our:
• Specialty offerings
• End market presence
• Geographic footprint
• Operating Margin
• Synergy opportunities
• Adjacent material solutions
• Expanding our sales,
marketing, and technical
capabilities
• Investing in operational and
LSS initiatives (including
synergy capture)
• Manufacturing alignment Organic
Growth
Share
Repurchases
Dividends
Acquisitions
Page 13
$0.16
$0.20
$0.24
$0.32
$0.00
$0.10
$0.20
$0.30
$0.40
2011 2012 2013 2014
Annual Dividend
• Repurchased ~5 million
shares in 2013
• 15 million shares
are available for
repurchase under
the current
authorization
The New PolyOne: A Specialty Growth Company
2015 Target: $2.50 Adjusted EPS
Why Invest In PolyOne?
https://www.avient.com/sites/default/files/2024-11/AVNT M11 Investor Presentation_w_Non-GAAP.pdf
&
Canada
EMEA
Asia
Latin America
64%
36%
Specialty
Engineered
Materials
Color
Additives
and Inks
41%
36%
18%
5%
7%
7%
23%
19%
9%
16%
10%
5% 4%
Defense
Healthcare
Packaging
Consumer
Building &
Construction
Industrial
Transportation
Energy Telecom
Geography
Segment
Industry
2024 Financial Guidance
$525 to $530 million
Adjusted EBITDA
$2.63 to $2.67
Adjusted EPS
4
Industry Sustainability Standards
ESG Ratings Performance
1
2
4
87th
94th
percentile
Avient CDP Score:
A-
SUSTAINABILITY PERFORMANCE
AND RECOGNITION
O C T O B E R 3 1 , 2 0 2 4
W E B C A S T
P R E S E N TA T I O N
6
Q3 2024 HIGHLIGHTS
• 8.5% organic sales growth driven by broad-based
growth across all regions and most end markets in both
CAI and SEM segments
• Growth stemmed from gaining share, winning new
product specifications and restocking in certain end
markets
• Both segments expanded YoY EBITDA margins by 40
bps each
• Adjusted EPS of $0.65, an increase of 14% vs the
prior year
• Successfully refinanced $650M outstanding senior
notes due 2025; extending maturity to 2031
• Increased dividend 5% to $1.08 on an annualized
basis; 14th consecutive increase
Adj.
https://www.avient.com/sites/default/files/2025-02/Hammerhead FR Panel eBook.pdf
Contact us at +1.844.4AVIENT (1.844.428.4368) or visit avient.com
Copyright © 2025, Avient Corporation.
https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
Patterson 49 2014 No M
Kerry J.
Director since: 2014
Age: 49
Current Public Company Directorships:
• Greif, Inc.
COMPENSATION DISCUSSION AND ANALYSIS
PROXY STATEMENT 2022 | Annual Meeting of Shareholders 49
WHAT WE PAY AND WHY: ELEMENTS OF COMPENSATION
Introduction.