https://www.avient.com/sites/default/files/2023-05/SEM Services Capabilities Overview Brochure.pdf
When you work with Avient, you get more than an unmatched materials portfolio.
Internal Testing Available
• Physical
• Rheological, thermal, and moisture analysis
• Microscopy
• Liquid, gas, and size exclusion chromatography
• Atomic, infrared, and nuclear magnetic
resonance spectroscopy
• Flammability
• X-ray diffractometry
• Weathering (QUV & Xenon Arc)
• Failure analysis
APPLICATION DEVELOPMENT
Avient has design, application development and
degreed plastics engineers available to give our
customers reliable and experienced guidance to help
navigate the development process.
As inherent problem solvers, we help connect
the dots between material, color, design, and
manufacturing through a full suite of industrial,
material, component, mold and process design
capabilities.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones
Sources: https://www.carbon-minds.com/lca-database-for-chemicals-and-plastics/
A 2012 article in Plastics Technology¹ notes silicone rubber molds need tighter tolerances to prevent flash.
On the other hand, TPEs are most commonly processed using in-line, single-screw injection equipment that has been routinely used in the plastics industry for decades.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=21537
Sources: https://www.carbon-minds.com/lca-database-for-chemicals-and-plastics/
A 2012 article in Plastics Technology¹ notes silicone rubber molds need tighter tolerances to prevent flash.
On the other hand, TPEs are most commonly processed using in-line, single-screw injection equipment that has been routinely used in the plastics industry for decades.
https://www.avient.com/sites/default/files/2024-06/CM Europe Ltd Modern_Slavery_Statement - 2024 V4.pdf
Organisational structure
ColorMatrix Europe Limited are global innovators in advanced colorant, additive and dosing technologies that are engineered to
improve the performance, processing, aesthetics and sustainability of plastic products.
In sourcing its own raw materials and in distributing products
manufactured by others, Avient is required to meet the specifications prescribed by its customers.
Our total raw material and
packaging spend for 2023 was ~$21 Million.
https://www.avient.com/sites/default/files/2020-09/advanced-dispersions-color-selection-chart-1.pdf
While there
is a variety of color difference formulations in use, the
CIELAB is most commonly used in the plastics and
polymer industry because it offers relatively good
visual correlation over a wide range of color space.
Processing conditions can cause material properties to shift from the values stated in the information.
Processing conditions can cause material properties to shift from the values stated in the information.
https://www.avient.com/sites/default/files/AVNT Q1 2023 Earnings Press Release.pdf
They are based on
management's expectations that involve a number of business risks and uncertainties, any of
which could cause actual results to differ materially from those expressed in or implied by the
forward-looking statements.
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 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.
Three Months Ended
March 31,
2023 2022
Sales:
Color, Additives and Inks $ 537.0 $ 649.5
Specialty Engineered Materials 309.7 243.1
Corporate (1.0) (0.4)
Sales $ 845.7 $ 892.2
Gross margin:
Color, Additives and Inks $ 162.0 $ 192.1
Specialty Engineered Materials 93.9 68.4
Corporate (8.3) (6.1)
Gross margin $ 247.6 $ 254.4
Selling and administrative expense:
Color, Additives and Inks $ 96.4 $ 97.6
Specialty Engineered Materials 50.8 30.1
Corporate 43.3 24.5
Selling and administrative expense $ 190.5 $ 152.2
Operating income:
Color, Additives and Inks $ 65.6 $ 94.5
Specialty Engineered Materials 43.1 38.3
Corporate (51.6) (30.6)
Operating income $ 57.1 $ 102.2
Depreciation & amortization:
Color, Additives and Inks $ 25.8 $ 26.0
Specialty Engineered Materials 21.2 7.8
Corporate 3.5 3.8
Depreciation & Amortization $ 50.5 $ 37.6
Earnings before interest, taxes, depreciation and amortization (EBITDA):
Color, Additives and Inks $ 91.4 $ 120.5
Specialty Engineered Materials 64.3 46.1
Corporate (48.1) (26.8)
Other income (expense), net 0.7 (0.6)
EBITDA $ 108.3 $ 139.2
13
Attachment 7
Avient Corporation
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(In millions, except per share data)
Senior management uses gross margin before special items and operating income before special items to assess performance
and allocate resources because senior management believes that these measures are useful in understanding current profitability
levels and how it may serve as a basis for future performance.
https://www.avient.com/sites/default/files/2020-12/artisan-thermoplastics-nylon-processing-guide.pdf
The impact-modified PA6 grade offers minimized scratch
appearance compared to painted plastic and improves corrosion resistance when replacing painted metal
parts.
If material is not in the
recommended moisture percentage for molding,
dry material until it is in the acceptable range
for molding.
If material is not in the recommended
moisture percentage for molding, dry material until it
is in the acceptable range for molding.
https://www.avient.com/sites/default/files/2021-04/avnt-fourth-quarter-2020-news-release.pdf
About Avient
Avient Corporation (NYSE: AVNT), with 2020 pro forma revenues of $3.8 billion, provides
specialized and sustainable material solutions that transform customer challenges into
opportunities, bringing new products to life for a better world.
Examples include:
• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine
and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and
wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of
materials and packaging across a spectrum of end uses
Avient employs approximately 8,400 associates and is certified ACC Responsible Care®, a
founding member of the Alliance to End Plastic Waste and certified Great Place to Work®.
They are based on
management's expectations that involve a number of business risks and uncertainties, any of
which could cause actual results to differ materially from those expressed in or implied by the
forward-looking statements.
https://www.avient.com/sites/default/files/2022-03/Avient 2021 Annual Report.pdf
Using our formulation expertise and operational capabilities, we create an essential link between
large chemical producers (our raw material suppliers) and designers, assemblers and processors of plastics (our
customers).
Competition
The production of plastics and the manufacturing of custom and proprietary formulated color and additives systems
for the plastics industry are highly competitive.
The AEPW enables and brings to scale solutions to
minimize and manage plastic waste and promote solutions for used plastics that move towards a circular economy.
https://www.avient.com/sites/default/files/2024-11/reSound REC Recycled Content TPEs Selection Guide.pdf
PCR grades are formulated with recycled content
including ocean-bound plastics; food packaging from
a variety of sources (including material that received
a No Objection Letter from the U.S.
reSound™ REC
VX2800-0001
reSound™ REC
VX2800-0001
I 65A Black
reSound™ REC
VX2800-0002
I 65A Black
reSound™ REC
VX0100-0001
AR I 80A Black
Recycled Content PIR PIR PIR PIR
Recycled Content, % 25% 25% 40% 30%
Recycled Source
Carpet Backing,
Nonwovens, Films,
Super Sacks
Carpet Backing,
Nonwovens, Films,
Super Sacks
Proprietary Blend Proprietary Blend
Hardness, Shore A 65 65 65 80
Color Natural Black Black Black
Specific Gravity 0.88 0.89 0.88 1.05
Tensile Strength, PSI 784 788 1023 1400
Elongation at Break, % 687 662 673 700
Compression Set
@ Room Temperature 29 27 30 –
OM Substrate PP PP PP PC, ABS,
Processing IM or OM IM or OM IM or OM IM or OM
Agency Rating – – – –
reSound™ REC
VX2800-9003
C 47A Natural
reSound™ REC
VX2800-9004
C 54A Natural
reSound™ REC
VX2800-0001
C 65A Black
Recycled Content PCR PCR PCR
Recycled Content, % 25% 25% 25%
Recycled Source Transportation Transportation Ocean-bound
Plastic
Hardness, Shore A 47 54 65
Color Natural Natural Black
Specific Gravity 0.94 0.95 0.89
Tensile Strength, PSI 250 311 900
Elongation at Break, % 585 581 670
Compression Set
@ Room Temperature – – 25
OM Substrate PP PP PP
Processing IM or OM IM or OM IM or OM
Agency Rating – – –
Automotive Testing* – – –
*Additional testing can be performed to confirm specific customer requirements.
Processing conditions can cause material properties to shift from the values stated in the information.