THE SOLUTION Maintaining premium aesthetic standards while lowering processing costs can be difficult. Switching from metal forming to injection molding would also enable processing cost savings and expanded design freedom. THE IMPACT The closure producer’s team switched to Gravi-Tech material, and immediately logged a 35% cost savings due to lower material and processing costs.

As a result of the system-based cost savings and improved supply reliability, the manufacturer made the decision to proceed with the Avient solution. Cost savings: The hose manufacturer is saving $33,000 per year by using Versalloy TPV instead of its previous material. Higher productivity: The improved flow properties of the Versalloy solution enabled the hose manufacturer to increase throughput by two seconds, which in turn reduced total system costs.

Certain corporate costs previously allocated to Avient Distribution will be retained by Avient and have been recast as costs in continuing operations. The costs are now shown in Corporate and eliminations. Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; settlement gains or losses and mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

Electricity and raw materials costs represent a substantial part of our manufacturing costs. These costs are included in Corporate. Shipping and Handling Costs Shipping and handling costs are included in Cost of sales.

Natural gas and raw materials costs represent a substantial part of our manufacturing costs. Cost of sales As a percent of sales, cost of sales decreased from 81.5% in 2014 to 79.8% in 2015. Shipping and Handling Costs Shipping and handling costs are included in cost of sales.

Natural gas and raw materials costs represent a substantial part of our manufacturing costs. Shipping and Handling Costs Shipping and handling costs are included in cost of sales. 45POLYONE CORPORATION 46 Research and Development Expense Research and development costs of $54.5 million in 2016, $53.0 million in 2015 and $53.4 million in 2014, are charged to expense as incurred. The RIFS costs are exclusive of any costs that may ultimately be required to remediate the lower Passaic River Study Area or costs associated with natural resource damages that may be assessed.

We further streamlined our structure to better serve our customers and markets, controlled our direct and indirect costs, while still prioritizing investments in our growth vectors aligned to our strategy,” added Dr. This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs and associated recoveries, mark-to-market adjustments on pension and other post-retirement obligations, acquisition-related charges, and other non-routine costs. These costs are included in Corporate.

We have remained consistent in our view all year that to the extent demand conditions weakened further, we would be able to offset that with strength in composites, improving margins and cost reductions.” This is due to the inherent difficulty of forecasting the timing and amount of certain items, such as, but not limited to, environmental remediation costs, mark-to-market adjustments associated with benefit plans, acquisition related costs, and other non-routine costs. These costs are included in Corporate.

OFF-ROAD VEHICLE MANUFACTURER S E A T P A N • Consolidate parts to reduce assembly time and lower manufacturing costs • Maintain performance while replacing metal seat pan with lightweight composite material • Aided consolidation of multiple metal parts and fasteners into a single injection molded component, lowering costs $100k year • Saved time and money using FEA validation to confirm real-world performance before building tooling • Created full-size 3D printed prototypes to test fit and function Complēt™ Long Glass Fiber Nylon Composite KEY REQUIREMENTS WHY AVIENT? AVIENT SOLUTION METAL REPLACEMENT + COST SAVINGS LEARN MORE Copyright © 2020, Avient Corporation.

OFF-ROAD VEHICLE MANUFACTURER U N I F I E D S E A T I N G S H E L L • Consolidate parts to reduce manufacturing costs • Maintain performance while replacing metal seating frame with lightweight composite material • High durability to withstand harsh usage environments • Delivered long glass fiber reinforced thermoplastic solution providing metal-like performance with excellent toughness • Lowered component costs with single-piece injection molded seat shell • Utilized global capabilities to meet manufacturing supply chain needs Complēt™ Long Glass Fiber PA66 Composite KEY REQUIREMENTS WHY AVIENT? AVIENT SOLUTION COST REDUCTION + LIGHTWEIGHTING LEARN MORE Copyright © 2020, Avient Corporation.