https://www.avient.com/knowledge-base/article/processing-styrenic-block-copolymer-tpes-gls
Processing SBS or SIS TPEs over 400°F may cause them to degrade, resulting in gels and discoloration.
https://www.avient.com/news/avient-launches-resound-r-recycled-content-portfolios-north-america-and-asia
According to several expert projections, the world may produce over 400 million tons of plastic waste annually by 2030.
https://www.avient.com/sites/default/files/2023-03/Syncure XLPE Product Bulletin.pdf
PRODUCT BULLETIN Syncure™ XLPE Cross-linkable Polyethylene Formulations One-graft solutions for wire and cable applications The Syncure™ XLPE system is a two-step, silane- grafted, moisture cross-linkable polyethylene solution for wire and cable jacketing and insulation.
Syncure XLPE formulations allow for two distinct advantages over regular polyethylene: greatly improved heat resistance and oil resistance.
https://www.avient.com/sites/default/files/2023-09/Syncure low-voltage wire jacket and insulation case study snapshot.pdf
MAJOR W&C PRODUCER L O W - V O L T A G E W I R E J A C K E T & I N S U L A T I O N • Flame retardance • Heat resistance up to 125°C • Long term insulation resistance (LTIR) • Cold temperature resistance • Offered singular formulation capable of meeting UL-44, UL-4703, UL-1277 and CSA 22.2 listing specifications • Delivered economical solution suitable for multiple end-use commercial and residential applications • Provided on-site technical support to optimize production quality and speed Syncure™ XLPE Cross-linkable Polyethylene Formulations KEY REQUIREMENTS WHY AVIENT?
All Rights Reserved. https://www.avient.com/products/engineered-polymer-formulations/flame-retardant-formulations/syncure-xlpe-cross-linkable-polyethylene-formulations
https://www.avient.com/sites/default/files/2023-11/Cesa Clean Processing Usage Guide.pdf
GUIDELINES FOR USING CESA CLEAN ADDITIVES • Cesa Clean works best when molded maintaining normal (injection) pressure/shear • For best results, Avient recommends a “Running Color Change” which eliminates breaks in the molding cycle • Since the Cesa Clean concentrate will expand, it is recommended to reduce the shot size by 20% • It is designed for use at a let-down ratio (LDR) of 3.0% or (33:1); however, use rate can vary depending on the severity of the contamination but typically is 2.0–4.0% (a use rate higher than 6.0% may not have any positive affect on the cleaning performance) • Using Cesa Clean as a routine part of your color change rotation will allow faster changes and consume a minimal amount of raw material - Note: If the manifold is not cleaned routinely, this process may be more time consuming and additional material will be required • It is best to process at your normal polymer processing temperatures - For best performance, stock temperature should be at least 400°F - If 400°F is achieved during the purging process, no additional activation will occur during the reprocessing of regrind - All parts produced during the “Running Purge Cycle” should be captured as regrind, resulting in a scrap-free color change - If using sequential gates, open and close all gates at the same time while purging the tool - If contamination appears to be coming from one gate, open and close first, and for an extended period of time, to force more material through this location - When cleaning in this manner, pay close attention to shot size - Parts containing the previous or new color plus any Cesa Clean can be used as regrind INTRODUCING CESA CLEAN TO YOUR PROCESS Hand Blend • Hand weigh enough of the Cesa Clean and natural resin mix to equate to 3–5 times the barrel capacity • Use rate should be 3.0% or 33:1 for routine cleaning • For difficult-to-clean tooling, or tooling which is not routinely cleaned, start at 4.0% or 25:1 • Note: Do not attempt to vacuum load more than 15 feet from source as stratification/separation may occur Volumetric Feeder • Calibrate feeder to dispense 3.0% or 33:1 for routine cleaning • For difficult-to-clean tooling, or tooling which is not routinely cleaned, start at 4.0% or 25:1 • This style of feeder is highly recommended for at-the-throat metering of Cesa Clean Blending Units Most blenders have an extra bin for an additive • Fill the additive bin with Cesa Clean • Set blender to introduce the Cesa Clean at 2.0 to 4.0% • Note: Do not air convey any further than 15 feet as Cesa Clean has a high density and may separate from the mix.
GETTING STARTED TIMING IS THE KEY TO A RUNNING COLOR CHANGE Hand Blend • Have the purge blend ready to load • If hopper contains a mixture of resin, color and/ or regrind, it should be run dry or drained before beginning the color change, keeping the screw full so press cycle continues • Run the main resin hopper dry or shut off hopper to hand feed at the throat • Once press is clean, slide hopper in place and proceed with next color-resin blend • The next color can be added while Cesa Clean is still in the barrel • When splay is no longer visible in parts, reset shot size, parts should be ready to pack (Single) Volumetric/Gravimetric Metering Unit at the Throat • Empty and clean feeder while press continues to run • Add Cesa Clean to the feeder color hopper and calibrate to a 3.0% use rate • When press is clean, start next color • When splay is no longer visible in parts, reset shot size, parts should be ready to pack • Note: If an open/unused secondary feeder is installed, use it for the Cesa Clean concentrate Central Blending Unit • Thoroughly clean unit while continuing to mold parts, keeping a resin feed to the press • Using a clean open hopper or regrind hopper, add the Cesa Clean concentrate • Set blender for additive/color to 3.0% • Once press is clean, drain hopper and/or central blending unit while continuing to mold parts • Begin new color and continue to mold parts • When splay is no longer visible in parts, reset shot size, parts should be ready to pack Process Adjustments That Can Help • Increase back pressure • Increase screw speed • Increase injection speed (in some tools maximum injection speed can facilitate cleaning) • Reduce mold close time (faster cycle) • Always remember a stock temperature of 400°F is essential When press and tool are clean, return all settings to standard production process profile.
https://www.avient.com/sites/default/files/2022-05/AVNT May IR Presentation w Non GAAP Recs.pdf
FX) $429 $490 2021 2022E $3.05 $3.50 2021 2022E FY 2022 PERFORMANCE (TOTAL COMPANY) 16 $4,819 $5,100 2021 2022E + 6% (+ 8% excluding FX) Adjusted EPS + 14% (+ 17% excluding FX) + 15% (+ 18% excluding FX) (in millions) (in millions) Sales Adjusted Operating Income 17 CASH FLOW / LEVERAGE ($ millions) 2022E Cash Flow from Operating Activities 400$ Less: Run-Rate CapEx (90) CapEx for Clariant Integration (10) CapEx for IT System Upgrade (15) Total CapEx (115) Free Cash Flow 285$ Adjusted EBITDA 635$ Net Debt / Adjusted EBITDA 1.7x DYN E E MA ACQ U I S I T I O N 19 15x stronger than steel Reduces weight by 30% vs. other solutions Well-maintained global asset base poised to serve growing demand • Purchase price of $1.48B represents 11.4x multiple of 2022 EBITDA • Acquisition will expand Avient’s composites and fiber portfolio with Dyneema®, the World’s Strongest Fiber™ • $415M sales and 30%+ EBITDA margins; Immediately accretive to pro forma 2022 EPS, adding $0.35 • 1,300 patents globally, ~50% of sales patent protected • 1,000+ employees across global production network and dedicated technology centers • Composites platform will increase from $261M to $680M in revenue and from $49M to $180M in EBITDA Indicates Dyneema® location $175M (42%) $65M (16%) $175M (42%) 2022E Sales By Region ($M) (1) $0.35 EPS excludes intangible amortization (2) Based on 2022 expected results (1) (2) (2) FIT WITH FOUR PILLAR STRATEGY 20 Specialization • Innovation-led organization with tremendous intellectual property value in trademarks, patents and “know-how” • Deep history of application development and premium, leading brand with the World’s Strongest FiberTM Globalization • Global customer base with an established presence across all major geographic regions • Global technology centers complement existing Composites applications and expertise Operational Excellence • Best-in-class safety performance • Well-run and maintained asset base fit to serve future growth • Highly effective and reliable supply chain with emphasis on optimizing service to customers Commercial Excellence • Deep customer relationships extend across the value chain and drive ability to grow • Offer a full suite of services with an active role in design, development and commercialization People Experienced and talented associates with a passion for safety, specialization and winning DYNEEMA® OVERVIEW K E Y I N D U S T R I E S PERSONAL PROTECTION Military • Law Enforcement • First Responders Body Armor • Helmets • Vehicle Protection $215M MARINE & SUSTAINABLE INFRASTRUCTURE Towing / Mooring • Aquaculture • Floating Wind • Offshore Cranes $130M CONSUMER Consumer • Outdoor High Performance • Safety Equipment $70M 21 Figures reflect 2022 expected sales MIFOverview Competition Valuechain & Go-to-market Strategy Innovation Financials TECHNOLOGY 22 1,200 1,300 2,500 Avient Dyneema Combined Patents • True specialty business – the World’s Strongest Fiber™ • Deep history of application development with customers, strongest in the industry • The only UHMwPE (ultra-high molecular weight polyethylene) fiber producer that is backward integrated o Provides innovation advantage through control of all steps of the process • Complementary with our existing reinforced film expertise (PolyStrand) and engineered fiber presences (Fiber-Line) WINNING PROPERTIES Ultra high strength vs. weight Highly flexible Floats on water Chemically inert; no smell/taste and non-toxic High resistance to UV radiation Self-lubricating, with low friction One-of-a-kind technology ® FORMULATION PROCESS 23 • Like Avient, Dyneema® offers similar core competencies around formulation and material science • Technology that combines polymers and fibers to provide specialized, high performing solutions for customers • Design capabilities ensure that applications are highly customized for the specified end use DYNEEMA® IN THE VALUE CHAIN 24 UHMwPE Fiber / Tapes Military Personnel, Law Enforcement Heavy Marine, Offshore Wind Energy and Mooring, Aquaculture Outdoor, Footwear, Apparel, Inflatables • Material Science • Formulation • Service INTERMEDIATE MANUFACTURING (CUSTOMERS) OEM / APPLICATION DEMAND TRENDS 25 • Military spending and near-term demand for higher performing personal protection products (like Dyneema®) expected to increase o European NATO members annual defense spend expected to increase by up to 20%(1) o Japan aiming to almost double defense spending over the next 5 years(2) o Accelerated launch of next generation technology in North America • Policy-driven demand for sustainable energy; growth in floating offshore wind farms which require advanced, durable technology o Offshore wind expected to grow at a CAGR of 32% with the level of annual installations quadrupling over the next five years(3) • Continued investment in aquaculture as a sustainable food source(4) • Strong demand in outdoor high performance space across niche consumer applications aligns with 10% growth assumption for Avient’s Composites portfolio Sources: (1) “Funding NATO”, NATO.int (April 1, 2022) (2) “Japan Ruling Party Calls for Defense Spending Boost to 2% of GDP”, WSJ (April 21, 2022) (3) “Global Wind Report 2021”, Global Wind Energy Council (4) “Aquaculture Supports a Sustainable Earth”, NOAA Fisheries 26 A L I G N M E N T W I T H S U S T A I N A B I L I T Y G O A L S PRODUCTS AVIENT’S EXISTING COMPOSITES PORTFOLIO D I V E R S E C A P A B I L I T I E S A N D S O L U T I O N S S E R V I N G M A N U F A C T U R E R S A N D O E M S LFT Tapes Laminates/Panels Shapes Pultrusion Engineered Fibers 27 AVIENT’S COMPOSITES PORTFOLIO SALES AND EBITDA 28 $74 $84 $216 $212 $261 $5 $10 $32 $41 $49 $180 0 50 100 150 200 $- $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 2017 2018 2019 2020 2021 2022E $680 ($ in millions) • Dyneema® acquisition will further improve Composites EBITDA margins to 26% • Dyneema® will complement our existing portfolio with deep formulation expertise, innovative culture and global commercial presence • Composites will continue to be a key growth driver to deliver future revenue growth in excess of GDP (1) Pro forma for the acquisition of Dyneema® (1) DISTRIBUTION DIVESTITURE CONSIDERATIONS DISTRIBUTION HIGHLIGHTS 30 $21 $57 $69 $94 $105 0 50 100 150 2006 2011 2016 2021 2022E • Leading North American Distribution business with longstanding blue-chip supplier and customer relationships • Commercial excellence and regulatory knowledge have grown healthcare portfolio to over 25% of sales and positioned business for long-term growth • Highly specialized portfolio of engineered polymers along with sustainable solution offerings • Leading digital capabilities through Avient Now, allowing enhanced visibility and 24/7 interface with customers • 98% free cash flow conversion drives greater than 30% after-tax return on invested capital (ROIC) • Potential divestiture allows us to remain modestly leveraged with net debt to adjusted EBITDA expected to be 2.9x and positions us for further specialty growth in the future EBITDA (in $M) DYNEEMA® TRANSACTION OVERVIEW 31 - $1.48B net purchase price - Represents 11.4x expected 2022 EBITDA - Committed financing in place - Permanent financing to be combination of available cash on-hand, new Senior Unsecured Notes, new Senior Secured Term Loan - Potential proceeds from Distribution divestment could be used to pay down near-term maturing debt - Closing expected in second half of 2022, subject to regulatory approvals and certain customary closing conditions Transaction Value Financing Closing Conditions / Timing CAPITAL STRUCTURE / LEVERAGE 32 • Financing commitments secured from Morgan Stanley and J.P.
OUR VALUATION VERSUS PEERS Avient Specialty Formulators Other Chemical/Specialty Companies 5.4 8.5 10.1 9.8 13.8 12.8 12.1 11.8 10.2 21.0 19.2 16.8 13.7 13.6 8.8 8.7 8.7 8.3 8.0 5.6 Av ie nt (2 01 1) Av ie nt (2 01 6) Av ie nt (2 02 1) Av ie nt (T od ay ) R PM PP G KW R AV Y FU L AL B EC L H XL AS H FM C BN R EM N U N VR C E SC L H U N Historic Multiple APPENDIX Performance Additives 15% Pigments 13% TiO2 11% Dyestuffs 3%Polyethylene 12% Nylon 6% Polypropylene 5% Other Raw Materials 30% Styrenic Block Copolymer 5% ~40% hydrocarbon based (Grey shaded materials are hydrocarbon based, includes portion of “Other Raw Materials”) Non-hydrocarbon based materials 48 • Significant raw material price inflation and tight inventory continued in Q1 2022 o The average cost of hydrocarbon based materials was up 30% o The average cost of non-hydrocarbon based materials was up 20% • Additionally, we continued to experience other supply chain challenges during Q1 related to raw material spot purchases, freight constraints and productivity loss as a result of these shortages Annual Purchases RAW MATERIAL AND SUPPLY CHAIN UPDATE Based on 2021 purchases, excludes Distribution business SEGMENT DATA U.S. & Canada 50% EMEA 25% Asia 16% Latin America 9% 2021 SEGMENT, END MARKET AND GEOGRAPHY 50 GEOGRAPHY REVENUESEGMENT FINANCIALS Consumer 23% Packaging 19% Industrial 16% Building and Construction 10% Telecommunications 4% Energy 2% END MARKET REVENUE (1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs $2,402M $409M $919M $164M $1,631M $94M Sales EBITDA Distribution Specialty Engineered Materials Color Additives and Inks $581M$4,819M (1) Transportation 11% Healthcare 15% Packaging 34% Consumer 21% Healthcare 8% Industrial 16% Building & Construction 10% Transportation 9% Energy 1% Telecommunications 1% C O L O R , A D D I T I V E S & I N K S 2021 REVENUE | $2 .4 BILLION US & Canada 32% EMEA 40% Asia 21% Latin America 7% END MARKET REGION 51 All charts reflect 2021 financials S P E C I A LT Y E N G I N E E R E D M AT E R I A L S Consumer 27% Healthcare 10% Packaging 7% Telecommunications 16% Transportation 11% Industrial 11% Building & Construction 11% Energy 7% 2021 REVENUE | $919 MILLION END MARKET US & Canada 55% EMEA 25% Asia 20% REGION 52 All charts reflect 2021 financials DI S T RI BU T I O N Healthcare 26% Consumer 23% Packaging 5% Industrial 20% Transportation 16% Building and Construction 8% Energy 1% Telecommunications 1% US & Canada 80% Asia 3% Latin America 17% END MARKET REGION K EY SU PPL IER S 2021 REVENUE | $1 .6 BILLION 53 All charts reflect 2021 financials TOTA L C O M PA N Y R E G I O N A L S A L E S BY END MARKET Packaging 30% Consumer 26%Healthcare 13% Industrial 14% Building & Construction 5% Telecommunications 2% Energy 2% Asia (16% of sales) Transportation 8% Packaging 32% Consumer 13% Healthcare 5% Industrial 17% Building & Construction 12% Telecommunications 5% Energy 4% EMEA (25% of sales) Transportation 12% 54 Consumer 25% Healthcare 19% Packaging 10% Industrial 17% Building & Construction 10% Telecommunications 4% Energy 2% US & Canada (50% of sales) Transportation 13% Packaging 38% Consumer 33% Healthcare 8% Industrial 10% Building & Construction 5% Telecommunications 1% LATAM (9% of sales) Transportation 5% All charts reflect 2021 financials Reconciliation of Non-GAAP Financial Measures (Unaudited) (Dollars in millions, except for per share data) Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2023-12/CAI W_C - Product Selection Guide EMEA_0.pdf
COLORANTS AND ADDITIVES FOR WIRE & CABLE PRODUCT SELECTION GUIDE ONCOLOR™ COLORANTS FOR WIRE & CABLE APPLICATION DESCRIPTION PVC General Purpose Cable • Optimal incorporation in PVC formulations • Non ortho-phthalate range available PVC Automotive Cable • Optimized colors for T2 and T3 automotive applications • Non ortho-phthalate range available Unfilled PE, XLPE, PP Cable • Specific color range for unfilled polyolefins • Compatibility with cross-linkable systems • Special range to minimize shrinkage or for thin skin applications Filled Polyolefins, Non-Halogenated Flame Retardant PE Cable • Full range of colors, halogen-free or low amounts of halogens • Designed for incorporation into various non-halogenated flame retardant formulations PE Visico/Ambicat™ Crosslinked Polyethylene1 • Full range of colors for PE Visico/Ambicat™ cross-linked polyethylene • Specifically designed and tested to ensure compatibility with this cross-linking method Thermoset Rubber Cable • Colors designed for use with thermoset rubber • Fully compatible with vulcanization process Unfilled TPU Cable • Color range for unfilled polyester or polyether TPU • Provides good opacity at low addition levels Flame Retardant TPU Cable • Color range for filled/non-halogenated flame retardant TPU • Provides good color strength TPE Cable • Color range designed to enhance performance of various TPE brands • High temperature range available PA Cable • Different color ranges available depending on the polyamide type and the application PBT Cable • PBT color range mostly used in optical fiber, loose tube or tight buffered cables • Selection of pigments to prevent migration of color in gel-filled materials 1 Visico/Ambicat™ Crosslinked Polyethylene is a trademark of Borealis OnColor™ Colorants for wire & cable offer a comprehensive range of color series, covering the diverse specifications demanded by the cable industry.
Suitable for polyethylene and flame retardant polyolefin formulations.
In addition, we can provide other specialty formulations for cable applications such as: • Colorant Chromatics™ Fluoropolymers And High Temperature Colorants • ECCOH™ Low Smoke and Fume Non-Halogen Formulations for cable insulation and jackets • Syncure™ XLPE Cross-linkable Polyethylene Formulations for power cable insulation • Maxxam™ FR Formulations for wire and cable With our long history of providing high-quality products and total polymer solutions to the wire and cable industry, we are uniquely positioned as a single source provider of customized solutions for polymer processors serving virtually any market.
https://www.avient.com/sites/default/files/2020-09/gravi-tech-processing-guide-chinese.pdf
基础树脂 GRAVI-TECH™ 密度改性配方 注塑成型参数 TBPAPSBA 料筒温度 °F (°C) 后段 400–475 (200–250) 430–500 (220–260) 480–520 (250–270) 中段 410–480 (205–253) 440–510 (225–265) 483–522 (252–272) 前段 420–490 (210–257) 450–520 (230–270) 487–527 (254–274) 喷嘴 425–500 (215–260) 460–530 (235–275) 490–530 (255–275) 熔体温度 425–515 (215–270) 530–580 (276–300) 500–565 (260–300) 模具温度 140–200 (60–90) 150–200 (65–90) 140–250 (60–120) 干燥参数 190 (90) 2–4 小时 0.01%–0.15% 180 (80) 4–5 小时 0.10%–0.20% 275 (135) 3–4 小时 0.02%–0.04% 喷嘴类型 注塑压力 背压 螺杆转速 缓冲料垫 通用 尼龙或倒锥形 通用 注塑速度1 2.0–5.0 in/sec; 50–125 mm/sec 2,000–4,000 psi; 13,000–30,000 kpa 0–50 psi; 0–350 kpa 25–75 RPM 0.125"–0.250"; 3.175 mm–6.35 mm 螺杆压缩比2 2.0:1–2.5:1 2 Gravi-Tech Gravi-Tech™ 聚合物金属复合材料属于高密度材料, 是铅和其他传统金属的热塑性替代材料。
基础树脂 加工指南 3 PC PE PEEK PP PPS 480–570 (250–300) 400–445 (200–230) 660–700 (350–475) 400–440 (200–225) 520–600 (270–300) 500–580 (260–305) 410–455 (207–237) 670–710 (357–385) 410–450 (205–230) 550–610 (285–310) 515–590 (267–310) 420–465 (213–243) 680–720 (363–400) 420–455 (215–235) 570–620 (300–320) 530–600 (275–315) 430–475 (220–250) 700–730 (370–395) 430–460 (220–240) 610–620 (320–325) 530–615 (275–325) 430–495 (220–260) 700–725 (370–385) 430–475 (220–250) 610–635 (320–335) 160–240 (70–115) 80–140 (25–60) 300–400 (150–200) 80–140 (25–60) 190–300 (90–150) 250 (125) 3–4 小时 0.02% 160 (70) 2 小时 2 小时 300 (150) 3–4 小时 0.10% 160 (70) 280 (135) 2–3 小时 0.01%–0.20% 备注 1.
通用 通用 通用 通用 通用 加工指南 3 PC PE PEEK PP PPS 480–570 (250–300) 400–445 (200–230) 660–700 (350–475) 400–440 (200–225) 520–600 (270–300) 500–580 (260–305) 410–455 (207–237) 670–710 (357–385) 410–450 (205–230) 550–610 (285–310) 515–590 (267–310) 420–465 (213–243) 680–720 (363–400) 420–455 (215–235) 570–620 (300–320) 530–600 (275–315) 430–475 (220–250) 700–730 (370–395) 430–460 (220–240) 610–620 (320–325) 530–615 (275–325) 430–495 (220–260) 700–725 (370–385) 430–475 (220–250) 610–635 (320–335) 160–240 (70–115) 80–140 (25–60) 300–400 (150–200) 80–140 (25–60) 190–300 (90–150) 250 (125) 3–4 小时 0.02% 160 (70) 2 小时 2 小时 300 (150) 3–4 小时 0.10% 160 (70) 280 (135) 2–3 小时 0.01%–0.20% 备注 1.
https://www.avient.com/news/avient-debuts-next-generation-solutions-facilitate-use-recycled-plastics-packaging-applications
Avient’s new sustainable solutions are its breakthrough PCR Color Prediction Service for polyolefins and polyethylene terephthalate (PET) resins, and its new polyolefin antioxidants, Cesa™ Nox A4R Additives for Recycling.
ROTTERDAM, Netherlands – June 16, 2022 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, today introduced its breakthrough PCR Color Prediction Service for polyolefins and polyethylene terephthalate (PET) resins, and the company’s new polyolefin antioxidants, Cesa™ Nox A4R Additives for Recycling.
https://www.avient.com/news/avient-highlight-bio-based-polymer-solutions-pharmapack-2024
Launched in 2021, Mevopur™ Healthcare Bio-based Polymer Solutions are color and additive concentrates and ready-to-use formulations manufactured with bio-based polypropylene, polyethylene, polycarbonate, acrylonitrile butadiene styrene, or styrenic polymers.
Remafin™ EP White Colorants: white concentrates pre-tested to European Pharmacopeia standards for use with polyethylene and polypropylene pharmaceutical packaging