https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
The company also noted that it had paid down $100 million of debt and refinanced its Term Loan
during the third quarter, reducing the interest rate and extending certain maturities from 2026 to
2029.
Factors that could cause actual results to differ materially from those implied by these
forward-looking statements include, but are not limited to: 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 laws and
regulations regarding plastics in jurisdictions where we conduct business; 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; our ability to achieve strategic objectives and successfully
integrate acquisitions, including Avient Protective Materials; an inability to raise or sustain
prices for products or services; our ability to pay regular quarterly cash dividends, including at
the increased rate, and the amounts and timing of any future dividends; information systems
failures and cyberattacks; amounts for cash and non-cash charges related to restructuring
plans that may differ from original estimates, including because of timing changes associated
with the underlying actions; and other factors affecting our business beyond our control,
including without limitation, changes in the general economy, changes in interest rates,
changes in the rate of inflation and any recessionary conditions.
2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the
establishment, reversal or changes to valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30, 2023
December 31,
2022
ASSETS
Current assets:
Cash and cash equivalents $ 439.6 $ 641.1
Accounts receivable, net 436.9 440.6
Inventories, net 349.6 372.7
Other current assets 138.2 115.3
Total current assets 1,364.3 1,569.7
Property, net 978.2 1,049.2
Goodwill 1,681.3 1,671.9
Intangible assets, net 1,563.0 1,597.6
Other non-current assets 202.9 196.6
Total assets $ 5,789.7 $ 6,085.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 9.5 $ 2.2
Accounts payable 389.5 454.4
Accrued expenses and other current liabilities 328.1 412.8
Total current liabilities 727.1 869.4
Non-current liabilities:
Long-term debt 2,070.8 2,176.7
Pension and other post-retirement benefits 65.1 67.2
Deferred income taxes 293.2 342.5
Other non-current liabilities 337.6 276.4
Total non-current liabilities 2,766.7 2,862.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,276.9 2,334.5
Noncontrolling interest 19.0 18.3
Total equity 2,295.9 2,352.8
Total liabilities and equity $ 5,789.7 $ 6,085.0
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2023 2022
Operating Activities
Net income $ 47.8 $ 158.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 142.6 110.3
Accelerated depreciation 1.9 4.0
Share-based compensation expense 9.7 9.5
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (5.7) (66.5)
Decrease (increase) in inventories 16.5 (12.5)
(Decrease) increase in accounts payable (59.1) 43.5
Taxes paid on gain on sale of business (104.1) —
Accrued expenses and other assets and liabilities, net (2.5) (22.9)
Net cash provided by operating activities 47.1 223.9
Investing activities
Capital expenditures (75.0) (55.1)
Business acquisitions, net of cash acquired — (1,426.1)
Settlement of foreign exchange derivatives — 93.3
Net proceeds from divestiture 7.3 —
Other investing activities 2.3 —
Net cash used by investing activities (65.4) (1,387.9)
Financing activities
Debt proceeds — 1,300.0
Purchase of common shares for treasury — (36.4)
Cash dividends paid (67.6) (65.2)
Repayment of long-term debt (103.8) (6.8)
Debt financing costs (2.3) (49.3)
Other financing (2.3) (4.2)
Net cash (used) provided by financing activities (176.0) 1,138.1
Effect of exchange rate changes on cash (7.2) (30.9)
Decrease in cash and cash equivalents (201.5) (56.8)
Cash and cash equivalents at beginning of year 641.1 601.2
Cash and cash equivalents at end of period $ 439.6 $ 544.4
12
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not
include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments;
intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the
measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2020-03/Global_High_Yield_%26_Leverage_Conference %281%29.pdf
Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:
• Our ability to identify and evaluate acquisition targets and consummate and integrate acquisitions
• 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;
• 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.
Leverage
PolyOne’s
global reach
Phase 1 Phase 2
Phase 3
18-20%
operating
margins
Invest in
commercial
resources
I N V E S T - T O - G R O W P R O O F O F P E R F O R M A N C E
PolyOne Corporation 24
Commercial
Resources
Operating
Income
($ in millions)
Operating
Margins
256
309
$36
$100
Established Acquisitions
(> 7 years)
+ 20% + 165% + 1000 bps
CLARIANT MASTERBATCH ACQUISITION DRIVES
NEXT LEVEL SPECIALTY TRANSFORMATION
ACCELER ATING GR OWTH WITH
SUSTAINABLE SOLUTIONS
T R A N S F O R M A T I O N H E A D L I N E S
PolyOne Corporation 26
F I T W I T H F O U R P I L L A R S T R A T E G Y
PolyOne Corporation 27
Specialization
• Innovation-led organization with
heavy emphasis on R&D
• World-class expertise in color
formulation
• Strong presence in specialty end
markets including Consumer,
Packaging and Healthcare
Globalization
• Diverse geographic portfolio with
an established presence in every
major region
• Expands PolyOne’s ability to serve
customers in key growth areas
including India, China and
Southeast Asia
Operational
• Extensive manufacturing footprint
with 46 facilities
• Organizational focus on optimizing
supply chain to better serve
• Color design expertise
Commercial
• Value-focused salesforce with vast
experience marketing and
commercializing specialty
technologies
• Diverse customer portfolio with
established OEM’s
People
Experienced and
talented
associates with a
winning mentality
E N D M A R K E T T R A N S F O R M A T I O N
PolyOne Corporation 28
18%
50%
22%
High Growth End Markets
Percentage of Total Revenue
38%
E N D M A R K E T T R A N S F O R M A T I O N
PolyOne Corporation 29
38%
Wire &
Electrical &
Electronic
18%
Building &
Wire &
Electrical &
Electronic
C O M P L E M E N T A R Y G E O G R A P H I C P R E S E N C E
PolyOne Corporation 30
38% Europe
33%
22%
Europe &
Middle East
48%
23%
Color & Engineered
Clariant Masterbatch
Net Sales by Geographic Region
Europe &
Middle East
39%
21%
Pro Forma Color &
Engineered Materials
U N I F I E D F O C U S O N S U S T A I N A B I L I T Y
PolyOne Corporation 31
2006 - 2013
2013 – 2019
PEO PLE
PRO D U C TS PLA N ET
PER FO R M A N C E
Clariant Masterbatch
• Building mini-recycling plants to
facilitate customer projects on
design for recycling - CycleWorks
• Uses packaging additives &
colorants to improve recyclability
and enhance automated sorting
• Manufactures oxygen scavengers
to extend shelf-life of perishable
items and reduce material
requirements
• Combines UV-blocking additive
colorants & other barriers to
prevent spoilage and waste
• Offers spin-dyeing solutions that
use significantly less water than
traditional methods, allowing for
sustainable coloration of textiles
• Produces infrared absorbing
additives that reduce energy
requirements for bottle
manufacturing
($ in millions)
(Continuing
Operations)
Clariant Color &
Additive Masterbatch
Synergies
New
2019 Total Sales $2,863 $1,150 $4,013
2019 Adjusted EBITDA $309 $130 $60 $499
% Margin 10.8% 11.3% 12.4%
2019 CapEx $68 $85
% Sales 2.4% 2.1%
2019 Free Cash Flow $161 $250
2019 Adjusted EPS $1.69 $2.22
2019 PF Adjusted EPS $1.69 $2.54
P O L Y O N E + C L A R I A N T M A S T E R B A T C H B U S I N E S S
PolyOne Corporation 32
(1) Excludes step-up of depreciation & amortization related to purchase accounting of transaction
(1)
$0.85/share
O V E R 8 5 % O F A D J U S T E D E B I T D A F R O M S P E C I A L T Y
PolyOne Corporation 33
46%
66%
0%
40%
60%
80%
100%
2005 2010 2015 2019E PF
%
o
f
A
d
ju
st
e
d
E
B
IT
D
A
*
JV's Performance Products & Solutions Distribution Specialty
87%
* Adjusted EBITDA is EBITDA excluding corporate costs and special items
** 2019E Pro Forma for PP&S Divestiture and Clariant Masterbatch business acquisition with synergies
Specialty EBITDA $14M $117M $273M $500M
**
T R A N S A C T I O N O V E R V I E W
• Expected mid-2020, subject to regulatory approvals and customary closing conditions
Closing
Conditions /
Timing
• Committed financing in place
• Permanent financing to be combination of available cash on-hand, new debt and equity component to limit leverage
• Equity issuance of $500MM
• Target net leverage below 3.5x, 3.1x synergized
PolyOne Corporation 36
• $1.45 B net purchase price
• Represents 11.1x adjusted EBITDA (excluding synergies), 7.6x adjusted EBITDA (including synergies)
• Pre-tax synergies of $60MM expected to be fully realized by the end of 2023
• Synergies realized from sourcing, operational, technology / commercial, and general administrative
Transaction
Value
Synergies
Estimated Synergy Breakdown
$60MM
• Expect EBITDA synergies of $60MM
– Proven integration expertise with a decade of acquisition experience
– Administrative synergies reflect reduction of duplicative internal and
third-party costs
• Run rate synergies of $20MM by the end of Year 1 with $60MM
achieved by the end of Year 3
• Significant additional opportunity for geographical expansion
– Clariant Masterbatch business has complementary regional presence
in key growth areas including India & Southeast Asia
• Opportunity to accelerate growth with a combined portfolio of
innovative solutions aligned with sustainability megatrends
Sourcing
40%
Operational
Administrative
PolyOne Corporation 37
S I G N I F I C A N T S Y N E R G Y O P P O R T U N I T I E S
$450
$600 $624
$743
2019 2020 2021 2022 2023 2024 2025 2026
A T T R A C T I V E F I N A N C I N G S T R U C T U R E
Attractive Debt
Maturity Profile
Existing Revolver Existing Senior Notes Existing Term Loan B
New Debt
Summary
Terms on
New Debt
• $465 million of cash from the balance sheet expected to fund a portion of the purchase price
• Bridge financing for remainder fully committed from Citi, Morgan Stanley and Wells Fargo
• Permanent financing expected to include a combination of long-term debt and new equity
• The timing of the permanent financing is subject to a number of factors, including, but not limited
to, market conditions
• PolyOne is committed to preserving a strong balance sheet
– Target net leverage at close below 3.5x, excluding synergies
• Pro forma capital structure positions PolyOne with flexibility to pursue continued growth strategy
• New financing expected to have same or better covenant package than existing capital structure
• Capital structure would be “covenant lite”
Capital
Policy
• Transaction in line with PolyOne’s disciplined capital allocation policy
• Existing PolyOne dividend policy to be maintained
• Focus on deleveraging in the near term
2028+
PolyOne Corporation 38
PolyOne Corporation 37
$0.16
$0.20
$0.24
$0.32
$0.40
$0.48
$0.54
$0.70
$0.78
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Cumulative Share Repurchases
(In millions)
$0
$150
$300
$450
$600
$750
$900
2011 2012 2013 2014 2015 2016 2017 2018 2019
$917M
R E T U R N I N G C A S H T O S H A R E H O L D E R S
O V E R $ 1 . 2 B I L L I O N S I N C E 2 0 1 1
PolyOne Corporation
Increasing Annual Dividend
38
$0.81
PolyOne Corporation 39
W H Y I N V E S T I N P O L Y O N E ?
https://www.avient.com/sites/default/files/2024-08/AVNT Second Quarter Earnings Press Release.pdf
Microsoft Word - AVNT-2024.06.30-News Release (for PR)
1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Avient Announces Second Quarter 2024 Results
• Second quarter sales grew to $850 million, a 3% increase over the prior year quarter and
a 5% organic increase when excluding the impact of foreign exchange
• Second quarter GAAP EPS from continuing operations of $0.36 compared to $0.24 in
the prior year quarter
• Second quarter adjusted EPS of $0.76 exceeded guidance of $0.71 and increased 21%
over prior year quarter, driven by organic revenue growth in all regions, favorable input
costs and lower interest expense
• Increasing 2024 full-year adjusted EPS guidance range to $2.55 to $2.70, from prior
guidance of $2.50 to $2.65 given strong second quarter results; Revised guidance
reflects 8% to 14% growth in adjusted EPS over the prior year
• 2023 Sustainability Report published online, detailing progress toward 2030
Sustainability Goals and ESG performance ratings
• Investor Day to be held December 4th in New York City to highlight the company strategy
CLEVELAND – August 6, 2024 – Avient Corporation (NYSE: AVNT), a leading provider of
specialized and sustainable materials solutions, today announced its second quarter 2024
results.
We're extremely proud to share our latest achievements in this year's report, particularly our
upgraded ratings by Ecovadis to Gold and by CDP to A-.
Factors
that could cause actual results to differ materially from those implied by these forward-looking
statements include, but are not limited to: 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; disruptions or
inefficiencies in our supply chain, logistics, or operations; changes in laws and regulations in
jurisdictions where we conduct business, including with respect to plastics and climate change;
fluctuations in raw material prices, quality and supply, and in energy prices and supply; demand
for our products and services; 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; our ability to pay regular
quarterly cash dividends and the amounts and timing of any future dividends; information
systems failures and cyberattacks; amounts for cash and non-cash charges related to
restructuring plans that may differ from original estimates, including because of timing changes
associated with the underlying actions; our ability to achieve strategic objectives and
successfully integrate acquisitions, including the implementation of a cloud-based enterprise
resource planning system, S/4HANA; and other factors affecting our business beyond our
control, including without limitation, changes in the general economy, changes in interest rates,
changes in the rate of inflation, geopolitical conflicts and any recessionary conditions.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for France.pdf
Unless otherwise agreed, prices are net, excluding transport and taxes,
on the basis of the rates communicated to Buyer on the date the order is placed.
4.
Late payments will bear contractual interest at the rate of five (5) times
the legal interest rate for the current year.
Buyer shall be obliged to accept the Products and pay the rate
specified in the order confirmation for the quantity of Products delivered by Seller.
https://www.avient.com/sites/default/files/2020-11/excelite-im-auto-case-study.pdf
Of greatest impact was a
reduction in cycle time by an impressive 20%, while CFA
use-rate dropped by 80%.
https://www.avient.com/sites/default/files/2024-12/Avient Norwalk A2LA ISO17025-17.pdf
No. 0962.01) 09/05/2023 Page 1 of 1
SCOPE OF ACCREDITATION TO ISO/IEC 17025:2017
AVIENT CORPORATION
80 North West Street
Norwalk, OH 44857
Craig Polta Phone: 419 660 4278
MECHANICAL
Valid To: September 30, 2025 Certificate Number: 0962.01
In recognition of the successful completion of the A2LA evaluation process, accreditation is granted to this
laboratory to perform the following tests on plastics:
Test Method(s)
Test Name
ASTM D256; ISO 180 Notched Izod
ISO 179 (1eA) Determination of Charpy Impact
ASTM D523 Gloss
ASTM D618 (Method A) Conditioning of Test Specimens
ASTM D792 (Method A) Specific Gravity
ASTM D1238 (Method B) Melt Flow Rate
ASTM D3012 Thermal Oxidative Stability
ASTM D3641 Injection Molding Test Specimens
FMVSS 302 Flammability
ASTM E1331; SAE J1545 Spectrophotometric Color Difference
SAE J1885 (Rev.
https://www.avient.com/products/advanced-composites/continuous-fiber-composite-tape-laminates-and-barstock/polystrand-continuous-fiber-tapes-laminates
Formulations available to meet ASTM E84 Class A and Class B flame/smoke rating
https://www.avient.com/content/terms-conditions-carriage
If a shipper elects to submit a dispute over the originally billing involving the applicability or reasonableness of the rate charges to the Surface Transportation Board for resolution, the Shipper must contest the billing by mailing or faxing a protest to the carrier within 180 days of the date it or its agent receives the original billing from the carrier.
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/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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