https://www.avient.com/sites/default/files/2020-09/pei-masterbatch-product-bulletin.pdf
Colorant Chromatics™ PEI Masterbatch
Colors for High-Temperature Injection Molding Applications
Colorant Chromatics™ PEI colorants are specifically
designed to color polyetherimide (PEI) resin used in
high-temperature injection molding applications.
Since PEI resin offers excellent resistance to
heat and fire, and has very good dimensional
stability, it is ideal for a variety of applications
in industries such as aerospace, automotive,
telecommunications and healthcare.
Colorant
Chromatics PEI colorants are designed specifically
for use in these resins to help boost color
consistency and streamline product development
for increased speed to market.
https://www.avient.com/sites/default/files/2023-11/Cesa Clean Processing Usage Guide.pdf
• Cesa Clean is 100% recyclable with polyolefin resins and compounds.
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
• 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
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/2022-01/Carbon Fiber Composites Infographic.pdf
Carbon fibers combined with vinyl ester or epoxy resin
create a composite material that, like all composites,
has higher performance properties than the individual
materials alone.
FIBER + RESIN = COMPOSITE
Carbon fiber
is formed by
bonding carbon
atoms together
to form a long
chain.
Filaments
can be woven into
a fabric, or used
in continuous
unidirectional form
and combined with
resin to create a
composite.
https://www.avient.com/sites/default/files/2020-12/excelite-one-pager-pallet-manufacturer.pdf
A M E R I C A & A S I A
• Eliminate voids in plastic that create quality issues
• Reduce high scrap rates due to sink marks
• Improve low strength-to-weight ratio due to voids
• Reduce long cycle times
• Run more fractional melt / low melt flow resins
• Improved cell structure and physical properties
• Removed sink marks to reduce scrap rates
• Improved gas retention when used with N2
physical foam
• Reduced short shots for lower scrap rates
• Improved melt flow and created a more
controllable foaming process
• Provided greater ability to process low melt flow
resins
Excelite™ IM Chemical Foaming Additives
KEY REQUIREMENTS*
WHY AVIENT?
https://www.avient.com/sites/default/files/2023-01/PCR Color Prediction Service Technology Snapshot 2022_Appliances.pdf
ELECTRICAL
APPLIANCE BRAND
H O U S E H O L D P R O D U C T S I N
R E C Y C L E D A B S A N D P S
• Support to qualify a new raw material sourcing process
• Color prediction feasibility for new material grades
• Color design guidance to maintain brand identity and differentiation
• Color solutions that work with mixed grades of rABS and recycled
polystyrene
• Worked with the brand owner to test multiple
styrenic grades and understand the best fit across
colors and recycled resins
• Supported integration of multiple resin solutions for
the best rendering and aesthetics in rABS and rPS
• Helped approve 7 colors to be launched within the
forthcoming 18 months
PCR Color Prediction Service
KEY REQUIREMENTS
WHY AVIENT?
https://www.avient.com/sites/default/files/2025-02/PET Recycling Eco-System Infographic.pdf
© 2024 Avient, All Rights Reserved
RESIN (RPET/PET) PRODUCTION
Create Value
• Increase yield
• Expand applications
• Improve aesthetics
• Reduce energy
• rePrize™ IV Builder
• Ionix™ Flake Treatment
• Optica™ Toners & Colors for
Enhanced Recyclability
• Joule™ Reheat Additive
DISTRIBUTION, RETAIL SALES,
CONSUMPTION
Enhance Consumer Experience
• Improve aesthetics and visual
appeal
• Extend shelf life
• Bolster consumer safety
• Improve organoleptics
• Ultimate™ UV390 Light Barrier
• Lactra™ Light Blocking Additive
• Triple A™ Acetaldehyde
Scavenger
• Amosorb™ Oxygen Scavenger
• Optica™ Toners
COLLECTION, SORTING,
Supply Quality Feedstock with
APR* Recognized Solutions
• Expand end-use applications
• Reduce downcycling
• Improve color stability
• Ultimate™ UV390 Light Barrier
• Capture™ Oxygen Scavenger
PREFORM MOLDING &
BOTTLE BLOWING
Promote Process Optimization
• Reduce energy
• Reduce bottle blow-outs
• Mitigate stress cracking
• Improve mechanical and
dimensional stability
• Increase throughput
• Eze™ Slip AgentPET
RECYCLING
ECO-SYSTEM
PREFORM
MOLDING
& BOTTLE
BLOWING
COLLECTION,
SORTING,
DISTRIBUTION,
RETAIL SALES,
CONSUMPTION
RESIN
(RPET/PET)
PRODUCTION
* APR - Association of Plastics Recyclers
https://www.avient.com/sites/default/files/2024-09/Colorant Chromatics Brochure_2024.pdf
Colorant Chromatics color concentrates and pre-colored
solutions are based on resins from the world’s leading suppliers.
Because of the thermal
similarities of the resins they can also be used on
PFA substrates.
They feature a synthetic resin binder to
hold the pigment in place after sintering.
https://www.avient.com/sites/default/files/2023-11/Cesa Clean Product Bulletin.pdf
Cesa™ Clean Additives
WHEN TO USE CESA CLEAN
As a best practice, Cesa Clean adds value when
used for:
• Color changeovers
• Material and formulation changes
• Shutdown or startup
• Machine maintenance
WHY USE CESA CLEAN
Some of the ways you can benefit from
consistently using Cesa Clean:
• Improve production uptime with faster color
changeovers
• Reduce wasted melt puddle material
• Reduce resin use during purging
• Non-abrasive and safe to use on precision
equipment
PRODUCT BULLETIN
Cesa Clean solutions are available for use in a variety of processing conditions and operating temperatures.
Specialized purge concentrates may be available for engineering resins or for specific performance needs.
DESCRIPTION CHARACTERISTICS PROCESSES
CC10120195WE Multi-purpose purge concentrate that
is miscible with all resin systems
Performance
up to 280°C
Extrusion, molding, injection
and film processes
1.844.4AVIENT
www.avient.com
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2024-11/Rejoin PCR Colorants Product Bulletin.pdf
Rejoin™ PCR Colorants
Rejoin™ PCR Colorants use post-consumer recycled
(PCR) material as a carrier resin to effectively
enable 100% PCR packaging..
It replaces virgin
resin in the process, allowing brand owners to
achieve their most aggressive sustainability
goals—a bottle or part manufactured with 100%
PCR.
KEY CHARACTERISTICS
• Enables 100% PCR packaging
• Helps companies meet sustainability goals
• Replaces virgin resin, reducing total energy
consumption and limiting emissions*
• Combines colorants and functional additives
in one solution
• Allows for full recyclability of the end product
• Provides a lower carbon product footprint
than traditional masterbatch
• Suitable for use in polyethylene (PET) and
polypropylene (PP) as well as in rPET and rPP
applications
MARKETS AND APPLICATIONS
Rejoin PCR Colorants are designed for use in a
broad range of applications, including household
and personal care packaging, consumer goods,
or food and beverage containers.
https://www.avient.com/sites/default/files/resources/POL%2520KeyBanc%2520IR%2520Presentation%2520w%2520non-GAAP%252009%252010%25202013.pdf
EPS: $1.00
$0.54
$0.68
$0.30
$0.45
$0.60
$0.75
H1'12 H1'13
Adjusted EPS
$101.0
$132.6
$50.0
$100.0
$150.0
H1'12 H1'13
Adjusted Operating Income
(millions)
+31%
$68.8
$97.7
$50.0
$75.0
$100.0
H1'12 H1'13
Specialty Operating Income
(millions)
First Half 2013 Financial Highlights
• Adjusted EPS increased 26% over prior
year first half
• Operating Income expanded 31%
versus first half 2012
• Specialty operating income up 42%
• Revenue grew 22% versus 1H ‘12
• Portfolio transformation activities
Completed acquisition of Spartech
Divested non-core Resin business
+26%
+42%
Page 12
• Significant Debt Maturities $ 1,010
Other Debt 21
• Total Debt at 6/30/13
Less: Cash
Net Debt
• Available Liquidity
Cash
ABL Availability
Total Liquidity
• Net Debt / EBITDA = 1.9x
• Net Debt / EBITDA = 2.1x*(tax adjusted)
$392
310
$702
$1,031
392
$639
$50
$360
$600
$0
$100
$200
$300
$400
$500
$600
$700
$800
2015 2020 2023
Significant Debt Maturities
As of June 30, 2013
($ millions)
Page 13
Coupon Rates: 7.500% 7.375% 5.250%
*Pro Forma TTM for taxes on resin gain
Debt Maturities & Liquidity Summary – 6/30/13
Cash Balance = $392M
Net Debt / EBITDA* = 1.9x
• Repurchased
~3.0M shares
YTD in 2013
• 17 million shares
are available for
repurchase under
the current
authorization
Share
Repurchase
• Introduced a
quarterly dividend
in Q1 2011 and
increased in Q1
2012 (25%) and
Q1 2013 (20%)
• Objective of
maintaining and
growing
Dividends
• Expanding our
sales, marketing,
and technical
capabilities is top
priority
• Investing in
operational and
LSS initiatives
(including synergy
capture)
• CAPEX
Organic
Growth
• Targets that expand our:
• Specialty offering
• End market presence
• Geographic footprint
• Synergy opportunities
• Adjacent material solutions
• North American
manufacturing alignment
Acquisitions
*TTM 6/30/2013
Use of Cash
Page 14
Why Invest In PolyOne?
Platform operating income mix percentage 2005Y* 2008Y* 2010Y* 2012Y* 2012PF** H1 2013***
Global Specialty Engineered Materials $ 0.4 $ 17.6 $ 49.7 $ 47.0 $ 47.7 $ 32.5
Global Color, Additives and Inks 4.3 28.1 37.7 66.8 81.6 54.7
Designed Structures & Solutions - - - - 20.9 10.5
Specialty Platform $ 4.7 $ 45.7 $ 87.4 $ 113.8 $ 150.2 $ 97.7
Performance Products and Solutions 75.7 31.3 54.0 74.9 37.4 27.5
Distribution 19.5 28.1 42.0 66.0 66.0 33.1
SunBelt Joint Venture 91.9 28.6 18.9 - - -
Corporate (51.5) (425.1) (27.7) (87.6) (87.9) (37.1)
Operating income (loss) GAAP $ 140.3 $ (291.4) $ 174.6 $ 167.1 $ 165.7 $ 121.2
Less: Corporate operating expense (income) 51.5 425.1 27.7 87.6 87.9 37.1
Operating income excluding Corporate $ 191.8 $ 133.7 $ 202.3 $ 254.7 $ 253.6 $ 158.3
Specialty platform operating mix percentage 2% 34% 43% 45% 60% 62%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets.
*** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into
Global Color, Additives and Inks segment.
Platform sales and operating income (OI) 2006Y* 2008Y* 2010Y* 2012Y* 2012PF**
Global Specialty Engineered Materials Sales $ 345.3 $ 514.0 $ 517.4 $ 543.6 $ 773.0
Global Color, Additives and Inks Sales 531.8 554.3 527.4 703.5 828.5
Designed Structures and Solutions - - - - 850.6
Specialty Platform Sales $ 877.1 $ 1,068.3 $ 1,044.8 $ 1,247.1 $ 2,452.1
Performance Products and Solutions Sales 1,166.2 1,001.4 776.3 837.0 696.1
PolyOne Distribution Sales 732.8 796.7 911.9 1,030.3 1,030.3
Corporate and Eliminations (153.7) (127.7) (111.1) (121.8) (121.6)
Total Sales $ 2,622.4 $ 2,738.7 $ 2,621.9 $ 2,992.6 $ 4,056.9
Global Specialty Engineered Materials OI $ 3.9 $ 17.6 $ 49.7 $ 47.0 $ 47.7
Global Color, Additives and Inks OI 8.9 28.1 37.7 66.8 81.6
Designed Structures & Solutions OI - - - - 20.9
Specialty Platform OI $ 12.8 $ 45.7 $ 87.4 $ 113.8 $ 150.2
Performance Products and Solutions OI 64.2 31.3 54.0 74.9 37.4
PolyOne Distribution OI 19.2 28.1 42.0 66.0 66.0
Sunbelt Joint Venture OI 102.9 28.6 18.9 - -
Corporate and eliminations (4.6) (28.9) (32.5) (33.7) (40.0)
Special items in OI 39.1 (396.2) 4.8 (53.9) (53.9)
Operating income (loss) GAAP $ 233.6 $ (291.4) $ 174.6 $ 167.1 $ 159.7
Sunbelt equity income (107.0) (32.5) (23.1) - -
Special items in OI (39.1) 396.2 (4.8) 53.9 53.9
Operating income adjusted $ 87.5 $ 72.3 $ 146.7 $ 221.0 $ 213.6
Global Specialty Engineered Materials - OI % of sales
1.1%
3.4%
9.6% 8.6% 6.1%
Global Color, Additives and Inks - OI % of sales 1.7% 5.1% 7.1% 9.5% 9.8%
Designed Structures & Solutions – OI % of sales - - - - 2.5%
Specialty platform OI - % of sales 1.5% 4.3% 8.4% 9.1% 6.1%
PP&S operating OI - % of sales 5.5% 3.1% 7.0% 9.0% 5.4%
Distribution OI - % of sales 2.6% 3.5% 4.6% 6.4% 6.4%
PolyOne OI adjusted - % of sales 3.3% 2.6% 5.6% 7.4% 5.3%
* Historical results include the Resin and Specialty Coatings businesses within the Performance Products and Solutions segment.
** Pro Forma results include Spartech and Glasforms acquisitions, Specialty Coatings reclass and exclude the Resin business assets.
*** Restated results to exclude the Resin business and to remove Specialty Coatings from the Performance Products and Solutions segment into
Global Color, Additives and Inks segment.