https://www.avient.com/investor-center/news/polyone-announces-fourth-quarter-and-full-year-2016-results
The company's vitality index, which reflects the percentage of revenue from specialty products introduced in the last five years, remained world class at 42%.
https://www.avient.com/sites/default/files/resources/PolyOne%25202014%2520Annual%2520Report.pdf
In
2014, our Vitality Index reached a world-class level of 44 percent.
STOCK PERFORMANCE
PolyOne’s stock performance has significantly outpaced the S&P 500 index
and the S&P Mid Cap Chemicals index.
Refer to the Exhibit Index, which is incorporated by reference herein.
https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
The following table compares cumulative total shareholder return (“TSR”) on our common shares against the
cumulative total return of the S&P 500 Index and the S&P Mid Cap Chemicals Index over one-, three- and five-year
periods ending December 31, 2017, assuming in each case a fixed investment of $100 and reinvestment of all
dividends.
Our performance over the one-year and five-year periods has exceeded the S&P 500 Index as well as the
S&P Mid Cap Chemicals Index.
1-Year TSR
January 1, 2017 –
December 31, 2017
3-Year TSR
January 1, 2015 –
December 31, 2017
5-Year TSR
January 1, 2013 –
December 31, 2017
PolyOne Corporation $137.79 $119.71 $226.28
S&P 500 Index $121.83 $138.29 $208.14
S&P Mid Cap Chemicals $124.26 $149.35 $207.65
We believe that the returns to shareholders shown in the table above indicate that our pay-for-performance
philosophy, compensation plan design and selected performance measures are working, and have resulted in
performance that has provided increased value to our shareholders over the long-term as shown above.
Over a three-year time period, our TSR performance was less than the S&P 500 Index and the S&P Mid Cap
Chemicals Index, primarily due to weaker performance from our DSS segment, which we subsequently divested in July
2017.
https://www.avient.com/sites/default/files/2020-10/tpe-overmold-design-guide.pdf
Table of Contents
Introduction 1
Overmolding 2
Material Selection 4
Part and Mold Design 6
Material Handling and Preparation 17
TPE Injection Molding 18
Overmolding Processing – Maximizing Adhesion 21
TPE Injection Molding Troubleshooting 23
TPE Overmolding Troubleshooting 28
Index 30
1
Introduction
Avient is the recognized leader in the overmolding of thermoplastic
elastomers (TPEs).
Table of Contents
Introduction 1
Overmolding 2
Material Selection 4
Part and Mold Design 6
Material Handling and Preparation 17
TPE Injection Molding 18
Overmolding Processing – Maximizing Adhesion 21
TPE Injection Molding Troubleshooting 23
TPE Overmolding Troubleshooting 28
Index 30
32
Overmolding
Overmolding is the injection molding process where one material (usually a TPE) is molded
onto a second material (typically a rigid plastic).
Avoid lubricated plastic grade and do not use mold release spray.
3130
Index
Adhesion ............................................3-5, 21-22, 28
Balanced Runner Systems ..................................10
Buttonhead Sprue Puller ....................................13
Cavity Layout ........................................................10
Clamp Capacity ....................................................19
Cold Slug Wells ....................................................11
Color Concentrate Carriers ............................17
Coloring..................................................................17
Conventional Sprue ............................................12
Cooling Time ........................................................20
Cushion ..................................................................18
Cycle Time ........................................................6, 20
Delamination............................................................7
Diaphragm Gate....................................................15
Direct Gate............................................................14
Draft ..........................................................................6
Drying Conditions................................................17
Edge Gate ........................................................13, 15
Ejection......................................................................9
Fan Gate ................................................................14
Flash ..........................................................7-8, 24, 28
Flow Length..............................................................6
Flow Ratio ................................................................9
Fracture of Insert ................................................29
Gate Design ....................................................12-15
Gate Location..................................................12-15
Gate Size ..........................................................12-15
Gate Types........................................................12-15
Hot Runner Manifold Systems ..........................16
Injection Molding ............................................18-20
Injection Molding Troubleshooting ............23-27
Back Fills ............................................................24
Beach Marks ......................................................23
Bubbles................................................................23
Burned Edges ....................................................23
Burnt Odor........................................................23
Dimensions ........................................................23
Ejection ..............................................................26
Ejector Pin Marks .............................................24
Flash ....................................................................24
Flow Marks ........................................................24
Folds ....................................................................24
Heat Sinks ..........................................................25
Jetting ..................................................................25
Non-Uniform Color ........................................25
Off-Color Part ..................................................25
Short Shots ........................................................26
Splay/Streaks ......................................................27
Uneven Shine ....................................................23
Voids ....................................................................27
Warpage .............................................................27
Yellow Parts .......................................................23
Injection Pressure ................................................19
Injection Speed......................................................19
Insert Molding ..................................2-3, 10, 21-22
Insert Support ......................................................10
Jetting ................................................................13, 25
Land Length ...............................................11, 13-14
Machine Selection ................................................19
Material Flow Behavior .......................................18
Material Handling and Preparation ..................17
Material Selection ...............................................4-5
Adhesion Requirements....................................5
Coefficient of Friction .......................................4
Durometer ...........................................................4
Flexural Modulus ...............................................4
SubstrateType ......................................................5
Thickness Effects ................................................4
Melt Temperature ................................7, 18, 21-22
Measuring................................................................21
Mechanical Interlocks ............................................8
Melt Viscosity ........................................................18
Moisture
in Substrate ........................................................21
in TPE ..................................................................17
Moisture Level ......................................................17
Mold Construction ................................................9
Mold Cooling ....................................................9, 19
Mold Design ......................................................9-16
Mold Layout ..........................................................10
Mold Release..........................................................21
Mold Support ........................................................10
Mold Surface Texture ............................................9
Mold Temperature ..........................................19-20
Multiple Material Molding .................................2-3
Multi-Shot Injection Molding ............................2-3
Nylon, Preheating Inserts ....................................21
Nozzle Diameter ..................................................19
Overmolding ........................................................2-3
Part Design ...........................................................6-8
Pin Gate ..................................................................15
Pine Tree Sprue Puller ........................................12
Preheating Inserts ................................................21
Process Selection ....................................................3
Process Types ..........................................................2
Purging ....................................................................19
Regrind....................................................................17
Release Coating ......................................................9
Residence Time ....................................................19
Runner Configuration ..........................................11
Runner Design ......................................................11
Sharp Corners ........................................................6
Shear Rate ........................................................18-19
Shear Sensitivity..........................................9, 18-19
Shear Thinning....................
https://www.avient.com/sites/default/files/resources/PolyOne%25202015%2520Annual%2520Report.pdf
In 2015, our Vitality Index
was an impressive 43%, truly world-class performance.
Wulfsohn
Director Date: February 12,
2016
POLYONE CORPORATION 83
EXHIBIT INDEX
Exhibit No.
The S&P Mid Cap Chemicals index includes a broad
range of chemical manufacturers.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
Refer to the Exhibit Index, which is incorporated by reference herein.
Wulfsohn
Director Date: February 12,
2013
82 POLYONE CORPORATION
EXHIBIT INDEX
Exhibit No.
The S&P Mid Cap Chemicals index includes a broad range of chemical manufacturers.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
Review the index for particular pieces of information and location within the response.
https://www.avient.com/sites/default/files/resources/8.31.19%2520Investor%2520Presentation.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 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!
https://www.avient.com/sites/default/files/resources/Investor%2520Presentation%2520May19.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 Y 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!
https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
As we look to the future, we expect sales of our sustainable solutions to
accelerate and grow at an 8-12% CAGR, furthering the win-win benefit
trend for both Avient and our planet.
10
Eight Ways Avient Enables Sustainability
2016 2017 2018 2019 2020PF
Revenue from Sustainable Solutions(1) 2016–2020
VOC Reduction Reduced Energy Use
Bio-derived Content Eco-conscious
Renewable Energy Applications Recyclability
Reduced Material Requirements Lightweighting
$275M
$325M
$355M
$410M
$550M
(2)
Our world-class vitality index of 37% represents sales from products introduced
in the last five years.