Process for preparing a thermoplastic resin composition

Abstract: Disclosed are a thermoplastic resin composition which comprises (A) 10 to 90 % by weight of a polyphenylene ether, (B) 90 to 10 % by weight of a saturated polyester, (C) 0.1 to 10 parts by weight of an organic phosphorous acid compound represented by the formula: wherein n represents 1 or 2; Ar represents an aryl group having 6 to 30 carbon atoms or a substituted aryl group and when n is 2, Ars may be the same or different; and R represents an alkylene group or arylene group having 2 to 18 carbon atoms when n is 1 and represents an alkanetetrayl group having 4 to 18 carbon atoms when n is 2, based on 100 parts by weight of Components (A) and (B), and (D) 0 to 10 parts by weight of an acid receptor based on 100 parts by weight of Components (A) and (B), and a process for preparing the same.

Description: BACKGROUND OF THE INVENTION This invention relates to a process for preparing a thermoplastic resin composition comprising a polyphenylene ether (hereinafter referred to as "PPE"), a saturated polyester, an organic phosphorous acid compound and, if necessary, an acid acceptor and having excellent mechanical strength. The above composition is an engineering plastics useful as a connector, an ignition manifold, a coil-sealing material, a gear and a crank shaft and also as an industrial material such as parts for automobiles and parts for electrical equipments having excellent solvent resistance and heat resistance. PPE has been used as an engineering plastics having excellent heat resistance, dimensional stability, non-hygroscopicity and electric characteristics. However, it has drawbacks that melt fluidity (flowability when melting) is bad to make moulding processes such as injection moulding and extrusion moulding difficult, and also a moulded product thereof has poor solvent resistance and impact resistance. On the other hand, a saturated polyester represented by polybutylene terephthalate has been used widely as an engineering plastics having excellent molding processability, solvent resistance and mechanical strength in the fields of parts for automobiles and parts for electric and electronic equipments. However, a molded product of the above resin has drawbacks that molding shrinkage rate and linear expansion coefficient are high, and also rigidity is greatly lowered at high temperature. If a composition having both good properties of PPE and the saturated polyester and compensating undesirable properties each other can be obtained, an excellent resin material having a wide application field can be provided, and it can be said that industrial significance of such a material is extremely great. Compositions in which both resins are simply melted and mixed have been described in, for example, Japanese Patent Publication No. 21664/1976 and Japanese Provisional Patent Publications No. 75662/1974 and No. 159847/1984. However, in such a simple blend system, PPE and the saturated polyester have poor compatibility with each other so that a composition can hardly have a uniform and fine mixed state. As a result, even when such a composition is used, impact resistance, heat resistance, dimensional precision and solvent resistance of a molded product thereof cannot be improved satisfactorily, and appearance of a molded product is worsened. It has been generally known that the compatibility can be improved by adding a block and/or graft copolymer comprising PPE and the saturated polyester to a composition. The block and/or graft copolymer can be prepared by PPE and a saturated polyester both having polyfunctional groups which react with and bond to each other. It has been known that as the polyfunctional group, PPE has a phenolic hydroxyl group represented by the formula (a): wherein R 1 and R 1' each represent a halogen atom, a primary or secondary alkyl group, an aryl group, an aminoalkyl group, a halohydrocarbon group, a hydrocarbonoxy group or halohydrocarbonoxy group; and R 2 and R 2' each represent a hydrogen atom, a halogen atom, a primary or secondary alkyl group, an aryl group, a halohydrocarbon group, a hydrocarbonoxy group or a halohydrocarbonoxy group, or the formula (b): wherein R 1 , R 1' , R 2 and R 2 ' have the same meanings as defined above, at a molecular end thereof. On the other hand, it has been known that the saturated polyester has an ester structure as a matter of course or a carboxylate group at a molecular end thereof. In general, bonding reaction of the above phenolic hydroxyl group and carboxylic acid, i.e. direct esterification is not easily carried out so that various aids for activating the reaction and other means have been developed. There has been conventionally known a method of using triphenyl phosphite as an aid for direct esterification of a phenolic hydroxyl group and carboxylic acid (Yamazaki and Higashi, "Advances in Polymer Science", 38 , 1 (1981)). It is considered that a block copolymer of PPE and a saturated polyester can be obtained by reacting a phenolic hydroxyl group at the end of a molecular chain of PPE and a carboxyl group at the end of a molecular chain of a saturated polyester. In U.S. Patent No. 4,672,086, it has been described that 5 to 15 % by weight of a phosphor compound (including a phosphorous acid compound) is added to a composition of PPE and a polyester for the purpose of imparting flame retardancy. However, even when tris(nonylphenyl) phosphite described therein is used, a composition having improved compatibility and good physical properties cannot be obtained. In PCT Provisional Patent Publication No. WO 91/08250 (which corresponds to U.S. Patent No. 5,124,411), there has been disclosed a method for preparing a graft or block copolymer comprising PPE and a polyester, using an extremely common phosphorous acid compound having a P(OR) 3 structure such as triphenyl phosphite. In the above method, it is an essential requirement that a phosphorous acid compound decomposed by reaction or side reaction and an unreacted phosphorous acid compound are removed in order to accelerate reaction. However, physical properties such as impact resistance of the resulting composition are not satisfactory. It is considered that this is because reaction activity as an ester condensation agent is not sufficient so that an amount of a formed block and/or graft copolymer is small and compatibility is not improved sufficiently. EP-A-0550207, which constitutes prior art according to Article 54(3) EPC, discloses a thermoplastic resin composition which comprises: (A) 5-95 % weight of a polyphenylene ether (PPE), (B) 95-5 % by weight of a polyalkylene terephthalate and (C) 0.002-5 % by weight of a bis(alkylphenyl) pentaerythritol diphosphite based on the weight of components (A) and (B). EP-A-0557654, which constitutes prior art according to Article 54(3) EPC, discloses a thermoplastic resin composition which comprises: (A) 33 % by weight of PPE, (B) 67 % by weight of PBT and (C) 0.22 parts of bis(tert. butylphenyl) pentaerythrityl diphosphite (Ultranox™ 626) based on 100 pbw of components (A) and (B). SUMMARY OF THE INVENTION An object of the present invention is to provide a process for preparing a thermoplastic resin composition in which compatibility of PPE and a saturated polyester is improved, and mechanical strength, heat resistance, solvent resistance and appearance of a moulded product are excellent. The present inventors have studied intensively in order to solve the above problems and found that a thermoplastic resin composition comprising PPE and a saturated polyester having excellent physical properties can be prepared by using a specific organic phosphorous acid compound which is an excellent compatibiliser of PPE and a saturated polyester and, if necessary, an acid receptor and, by kneading the above components in the presence of a compound having a boiling point of 35°C to 300°C at normal pressure and removing a part or all of at least one of an amine compound derived from PPE and a hydroxy compound derived from the specific organic phosphorous acid compound, to accomplish the present invention. The present invention provides a process for preparing a thermoplastic resin composition which comprises melting and kneading: (A) 10 to 90% by weight of a polyphenylene ether containing 500 ppm or more of amino type nitrogen, (B) 90 to 10% by weight of a saturated polyester, (C) 0.1 to 10 parts by weight of an organic phosphorous acid compound represented by the formula: wherein n represents 1 or 2; Ar represents an aryl group having 6 to 30 carbon atoms or a substituted aryl group and when n is 2, Ars may be the same or different; and R represents an alkylene group having 2 to 18 carbon atoms or an arylene group having 6 to 18 carbon atoms when n is 1 and represents an alkanetetrayl group having 4 to 18 carbon atoms when n is 2, based on 100 parts by weight of Components (A) and (B), and (D) 0 to 10 parts by weight of an acid receptor based on 100 parts by weight of Components (A) and (B), in the optional presence of a compound having a boiling point of 35°C to 300°C at normal pressure selected from at least one of an aromatic hydrocarbon, a chain or cyclic aliphatic hydrocarbon, a halogenated hydrocarbon, an ether, a thioether, a ketone, a nitrile, an ester, a nitro compound, an amide and an amino compound. In one preferred embodiment a part or all of at least one of an amine compound derived from Component (A) and a hydroxy compound derived from Component (C) are removed. DESCRIPTION OF THE PREFERRED EMBODIMENTS In the following, the present invention is explained in detail. The reason for excellent compatibility of PPE (A) and the saturated polyester (B) which is realized in the present invention is estimated as described below, but the present invention is not limited by any theory. The compatibility of the present invention is considered to be brought about directly by a block copolymer of PPE and a saturated polyester, represented by the formula: X-OCO-Y wherein X represents a PPE residue; and Y represents a saturated polyester residue, formed by the following reaction formula (II): wherein X, Y, Ar, R and n have the same meanings as defined above. As to the reaction (II), the following merit may be considered. Merit of using the organic phosphorous acid compound (C) of the formula (I) In the present invention, the organic phosphorous acid compound (C) with a structure having both a chelate substituent and an aryl substituent, represented by the formula (I) is used. It is estimated that the above compound controls an electronic state and a stereoregular state around a phosphor atom in favor of the reaction (II) so that high reactivity can be exhibited in the reaction (II) described above (Yamazaki and Higashi, "Advances in Polymer Science", 38 , 1 (1981)). 〈PPE (A)〉 PPE (A) to be used in the present invention is a homopolymer or copolymer having a structural unit represented by the formula (III): wherein R 1 , R 1' , R 2 and R 2' have the same meanings as defined above As a preferred example of the primary alkyl group represented by R 1 R 1' , R 2 or R 2' , there may be mentioned methyl, ethyl, n-propyl, n-butyl, n-amyl, isoamyl, 2-methylbutyl, 2,3-dimethylbutyl, 2-, 3- or 4-methylpentyl or heptyl. As a preferred example of the secondary alkyl group, there may be mentioned isopropyl, sec-butyl or 1-ethylpropyl. In many cases, R 1 or R 1' is an alkyl group or a phenyl group, particularly an alkyl group having 1 to 4 carbon atoms, and R 2 or R 2 ' is a hydrogen atom. Specific examples of PPE (A) may include poly(2,6-dimethyl-1,4-phenylene ether), poly(2,6-diethyl-1,4-phenylene ether), poly(2,6-dipropyl-1,4-phenylene ether), poly(2-ethyl-6-methyl-1,4-phenylene ether), poly(2-methyl-6-propyl-1,4-phenylene ether), a 2,6-dimethylphenol/2,3,6-trimethylphenol copolymer, a 2,6-dimethylphenol/2,3,6-triethylphenol copolymer, a 2,6-diethylphenol/2,3,6-trimethylphenol copolymer, a 2,6-dipropylphenol/2,3,6-trimethylphenol copolymer, a graft copolymer obtained by subjecting poly(2,6-dimethyl-1,4-phenylene ether) and styrene to graft polymerization and a graft copolymer obtained by subjecting a 2,6-dimethylphenol/2,3,6-trimethylphenol copolymer and styrene to graft polymerization. As a preferred homopolymer of PPE (A), there may be mentioned, for example, poly(2,6-dimethyl-1,4-phenylene ether). As a preferred copolymer, there may be mentioned a random copolymer of 2,6-dimethylphenol and 2,3,6-trimethylphenol. PPE (A) preferably has an intrinsic viscosity measured at 30 °C in chloroform of about 0.2 to 0.8 dl/g and a number average polymerization degree of 25 to 400. PPE (A) can be prepared generally by oxidation coupling reaction of a phenol compound. There have been known a number of catalysts used in the oxidation coupling reaction of PPE. The catalyst to be used is not particularly limited and may be any known catalyst. There may be mentioned, for example, a catalyst containing at least one compound of a heavy metal such as copper, manganese and cobalt in combination of various other substances (e.g. U.S. Patents No. 4,042,056, No. 3,306,874, No. 3,306,875, No. 3,365,422, No. 3,639,656, No. 3,642,699, No. 3,733,299, No. 3,838,102, No. 3,661,848 and No. 5,037,943). PPE (A) contains amino type nitrogen. The amino type nitrogen is derived from an amino compound used as a catalyst, a cocatalyst or an aid during polymerization of PPE. The amino compound is mixed in PPE as a polymerization residue or bonded to PPE molecules. PPE (A) contains molecules with a terminal structure represented by the formula (IV): wherein R 1' , R 2 and R 2' have the same meanings as defined above; and R 3 , R 4 , R 5 and R 6 each represent a hydrogen atom, a primary or secondary alkyl group or an aryl group. PPE (A) containing molecules with the terminal structure of the formula (IV) can be obtained by using a manganese- or copper-containing catalyst in combination with a primary or secondary amine during polymerization. Specific examples of the amine may include diethylamine, dipropylamine, dibutylamine, diheptylamine, N-ethylaniline and N-methylaniline. In many cases, dibutylamine is used. In the present invention, PPE containing 40 % by weight or more of molecules having the terminal structure of the formula (IV) is preferred. The PPE having an amino type nitrogen preferably has the specific viscosity of 0.2 to 0.8 dl/g and the number average polymerization degree of 25 to 400. The ratio of the amino type nitrogen to be contained in PPE (A) to be used in the present invention is preferably 500 ppm or more, more preferably 650 ppm or more in order to further improve the impact resistance of the composition comprising PPE and the saturated polyester. Here, as PPE (A), there may be used a powdery polymer obtained by the above polymerization directly or pellets obtained by pelletizing the powdery polymer by a granulator, but most of the amino type nitrogen is lost when the powdery polymer is melted in a granulator so that the powdery polymer obtained by the above polymerization is preferably used. When the content of the amino type nitrogen in PPE (A) to be used is insufficient, it can be replenished by adding a nitrogen-containing compound such as pyridine or a substituted pyridine and a secondary or tertiary amine. The nitrogen-containing compound should be added so that the content of the amino type nitrogen in PPE (A) is 500 ppm or more. In PPE components after a thermoplastic resin composition is prepared, any amount of the amino type nitrogen may be contained. A merit of using PPE (A) containing a specific amount or more of amino type nitrogen can be considered as follows. PPE preferably contains molecules having an amino group at an end thereof. That is, PPE has amino groups which become a reaction aid of the reaction (II) in the vicinity of a reaction site of PPE and the saturated polyester so that reaction activity can be extremely improved. In the process of the present invention, it is preferred to remove part or whole part of an amine compound derived from PPE (A) as explained below during the reaction and/or after completion of the reaction. 〈Amine compound derived from PPE (A)〉 The amine compound derived from PPE (A) is a volatile compound derived from amines used during polymerization of PPE. The above amine compound is mixed in PPE (A) or bonded to the end of the molecule of PPE (A). The above amines are vaporized from or decomposed and liberated from PPE (A) by heating. It is estimated that the amines are vaporized or decomposed and liberated from PPE (A) according to, for example, the following reaction scheme (V) regarding the end of the molecule of PPE (A): wherein Q 1 and Q 2 each represent a hydrogen atom, an alkyl group or an aromatic group. In many cases, the amine compound derived from PPE (A) is a secondary amine such as dibutylamine. 〈Saturated polyester (B)〉 As the saturated polyester (B) to be used in the present invention, various polyesters can be used. As one example thereof, there may be mentioned a thermoplastic polyester prepared by condensing (1) a dicarboxylic acid (including an aliphatic or aromatic dicarboxylic acid), a lower alkyl ester thereof, an acid halide or an acid anhydride derivative and (2) a dihydroxy compound (i.e., an aliphatic diol or an aromatic diol) according to a conventional method. As a specific example of the aliphatic or aromatic dicarboxylic acid and acid chlorides thereof suitable for preparing the above polyester, there may be mentioned oxalic acid, malonic acid, succinic acid, glutaric acid, adipic acid, suberic acid, azelaic acid, sebacic acid, terephthalic acid, isophthalic acid, phthalic acid, p,p'-dicarboxydiphenylsulfone, p-carboxyphenoxyacetic acid, p-carboxyphenoxypropionic acid, p-carboxyphenoxybutyric acid, p-carboxyphenoxyvaleric acid, 2,6-naphthalenedicarboxylic acid or 2,7-naphthalenedicarboxylic acid and acid chlorides thereof, or a mixture of these carboxylic acids, and also a mixture of acid chlorides thereof. The lower alkyl ester of the above dicarboxylic acid may include an alkyl ester having 1 to 4 carbon atoms such as a methyl ester, an ethyl ester, a propyl ester and a butyl ester. As examples thereof, there may be mentioned dimethyl terephthalate, dimethyl isophthalate, diethyl terephthalate, diethyl isophthalate, dimethyl-2,6-naphthalene dicarboxylate, dimethyl adipate, bis(β-hydroxyethyl)terephthalate or a mixture of these lower alkyl esters. As a specific example of the acid anhydride derivative, there may be mentioned, for example, an acid anhydride of an unsaturated dicarboxylic acid such as maleic acid, fumaric acid, chloromaleic acid, citraconic acid, itaconic acid and 3- or 4-vinylphthalic acid. As the aliphatic diol suitable for preparing the saturated polyester (B), there may be mentioned a straight alkylene glycol having 2 to 12 carbon atoms, for example, ethylene glycol, 1,3-propanediol, 1,4-butanediol, 1,6-hexanediol and 1,12-dodecanediol. As the aromatic diol, there may be mentioned p-xylylene glycol, pyrocatechol, resorcinol, hydroquinone or alkyl-substituted derivatives of these compounds. Other suitable diols may include 1,4-cyclohexanedimethanol. As the other preferred saturated polyester (B), there may be mentioned a polyester obtained by ring opening polymerization of a lactone, for example, polypivalolactone and poly(ε-caprolactone). Further, as other preferred saturated polyester (B), there may be mentioned a thermotropic liquid crystal polymer (TLCP) which forms liquid crystal in a melted state. As a representative TLCP which is commercially available, there may be mentioned X7G (trade name) produced by Eastman Kodak Co., Xydar (trade name) produced by Datoco Co., Ekonol (trade name) produced by Sumitomo Kagaku Co. and Vectra (trade name) produced by Hoechst-Celanese Co. Among the saturated polyesters (B) described above, polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polyethylene naphthalate (PEN), polybutylene naphthalate (PBN), poly(1,4-cyclohexanedimethyl terephthalate (PCT) and a liquid crystal polyester are the saturated polyesters (B) preferably used in the thermoplastic resin composition of the present invention. The saturated polyester preferably has an intrinsic viscosity measured at 30°C in phenol/tetrachloroethane (60/40 volume ratio) of about 0.2 to 10 dl/g and a number average polymerization degree of 25 to 400. 〈Organic phosphorous acid compound (C)〉 The organic phosphorous acid compound (C) to be used in the present invention is a specific organic phosphorous acid compound in which heat stability is excellent and electronic state around a phosphor atom and stereoregular state are controlled by a structure having both a chelate substituent and an aryl substituent, represented by the formula (I): wherein Ar, R and n have the same meanings as defined above. Here, as a specific example of Ar, there may be mentioned a phenyl group; a substituted phenyl group such as 2-, 3- or 4-methylphenyl, 2,4- or 2,6-dimethylphenyl, 2,4,6-trimethylphenyl, 2-, 3- or 4-ethylphenyl, 2,4- or 2,6-diethylphenyl, 2,4,6-triethylphenyl, 2-, 3- or 4-tert-butylphenyl, 2,4- or 2,6-di-tert-butylphenyl, 2,4,6-tri-tert-butylphenyl, 2,6-di-tert-butyl-4-methylphenyl, 2,6-di-tert-butyl-4-ethylphenyl, 2-, 3- or 4-nonylphenyl and biphenyl; and a naphthyl group. As a specific example of R, there may be mentioned a 1,2-phenylene group; and a polymethylene group such as ethylene, propylene, trimethylene, tetramethylene and hexamethylene when n is 1, and a tetrayl group derived from pentaerythritol, represented by the formula (VI): wherein Q represents a hydrogen atom or an alkyl group having 1 to 6 carbon atoms, when n is 2. Among them, preferred examples of the organic phosphorous acid compound (C) of the formula (I) are described below. Here, as to a compound name, for example, 3,9-bis(2,6-di-tert-butyl-4-methylphenoxy)-2,4,8,10-tetraoxa-3,9-diphosphaspiro[5.5]undecane represented by the formula (VII): is called bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite which is a general name. Other specific organic phosphorous acid compounds (C) are also described according to this nomenclature. As a specific preferred example of the organic phosphorous acid compound (C), there may be mentioned (phenyl)(1,3-propanediol)phosphite, (4-methylphenyl)(1,3-propanediol)phosphite, (2,6-dimethylphenyl)(1,3-propanediol)phosphite, (4-tert-butylphenyl)(1,3-propanediol)phosphite, (2,4-di-tert-butylphenyl)(1,3-propanediol)phosphite, (2,6-di-tert-butylphenyl)(1,3-propanediol)phosphite and (2,6-di-tert-butyl-4-methylphenyl)(1,3-propanediol)phosphite; (phenyl)(1,2-ethanediol)phosphite, (4-methylphenyl) (1,2-ethanediol)phosphite, (2,6-dimethylphenyl)(1,2-ethanediol)phosphite, (4-tert-butylphenyl)(1,2-ethanediol)phosphite, (2,4-di-tert-butylphenyl)(1,2-ethanediol)phosphite, (2,6-di-tert-butylphenyl)(1,2-ethanediol)phosphite, (2,6-di-tert-butyl-4-methylphenyl)(1,2-ethanediol)phosphite and (2,6-di-tert-butyl-4-methylphenyl)(1,4-butanediol)phosphite; and diphenylpentaerythritol diphosphite, bis(2-methylphenyl)pentaerythritol diphosphite, bis(3-methylphenyl)pentaerythritol diphosphite, bis(4-methylphenyl)pentaerythritol diphosphite, bis(2,4-dimethylphenyl)pentaerythritol diphosphite, bis(2,6-dimethylphenyl)pentaerythritol diphosphite, bis(2,4,6-trimethylphenyl)pentaerythritol diphosphite, bis(2-tert-butylphenyl)pentaerythritol diphosphite, bis(3-tert-butylphenyl)pentaerythritol diphosphite, bis(4-tert-butylphenyl)pentaerythritol diphosphite, bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite, bis(2,6-di-tert-butylphenyl)pentaerythritol diphosphite, bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite, bis(2,6-di-tert-butyl-4-ethylphenyl)pentaerythritol diphosphite, bis(nonylphenyl)pentaerythritol diphosphite, bis(biphenyl)pentaerythritol diphosphite and dinaphthylpentaerythritol diphosphite. Among them, as a more preferred organic phosphorous acid compound (C), there may be mentioned bis(nonylphenyl)pentaerythritol diphosphite, bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite, bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite or a mixture of them. The composition of the present invention may contain a phosphor compound formed by decomposition (hydrolysis or pyrolysis) of the organic phosphorous acid compound (C). In the process of the present invention, it is preferred to remove part or whole part of a hydroxy compound derived from the organic phosphorous acid compound (C) as explained below during the reaction and/or after completion of the reaction. 〈Hydroxy compound derived from the organic phosphorous acid compound (C)〉 The hydroxy compound derived from the organic phosphorous acid compound (C) is a compound formed by hydrolysis of the organic phosphorous acid compound (C) or the reaction scheme (II) described above, represented by the formula (VIII): ArOH wherein Ar has the same meaning as defined above. 〈Acid receptor (D)〉 The acid receptor (D) to be used in the present invention is a compound for neutralizing an acidic substance or bringing it close to a neutral state. In the present invention, a known acid receptor may be used. As an example thereof, there may be mentioned apatites, hydrocalmites, hydrotalcites, metallic soaps, alkali soaps, alkali metal oxides, alkaline earth metal oxides, alkali metal hydroxides, alkaline earth metal hydroxides and amines. Among them, preferred are, for example, synthetic or natural apatites, hydrocalmites, hydrotalcites and metallic soaps such as zinc stearate, calcium stearate, magnesium stearate, barium stearate, calcium laurate and zinc laurate. Particularly preferred are hydrotalcites, zinc stearate and calcium stearate. In the process for preparing the composition of the present invention, kneading is preferably carried out in the presence of a compound having a boiling point of 35 °C to 300 °C at normal pressure as explained below. 〈Compound having a boiling point of 35 °C to 300 °C at normal pressure〉 The compound having a boiling point of 35 °C to 300 °C to be used in the present invention is an aromatic hydrocarbon such as benzene, toluene, xylene, ethylbenzene, diethylbenzene, propylbenzene, dipropylbenzene, mesitylene, tetrahydronaphthalene (tetralin) and biphenyl; a chain or cyclic aliphatic hydrocarbon such as heptane, cyclohexane and decahydronaphthalene (decalin); a halogenated hydrocarbon such as chlorobenzene, dichlorobenzene, trichlorobentene, chloroform and dichloromethane; ethers such as dioxane, anisole, phenetole and phenyl ether; thioethers such as diphenyl sulfide; ketones such as cyclohexanone, methyl ethyl ketone, acetophenone and benzophenone; nitriles such as acetonitrile and benzonitrile; esters such as ethyl acetate, phenyl acetate and methyl benzoate; a nitro compound such as nitrobenzene; an amide compound such as N-methylpyrrolidone; and an amino compound such as triethylamine, trioctylamine and N,N-dimethylaniline. These compounds may be used singly or as a mixture. Preferred are compounds which are good solvents for PPE, and more preferred are an aromatic hydrocarbon and a halogenated hydrocarbon. Particularly preferred are xylene, toluene, dichlorobenzene and trichlorobenzene. The reason why physical properties such as mechanical strength are improved by using these compounds is estimated as described below. It has been known that in a non-compatible resin composition, a dispersion phase is finer as the melting viscosity ratio of a dispersion phase and a non-dispersion phase is closer to 1 (S. Wu, "Polymer Engineering and Science", 27 , 335 (1987)). In the thermoplastic resin composition comprising PPE and the saturated polyester of the present invention, the melting viscosity of PPE is higher than that of the saturated polyester, and when polybutylene terephthalate is used as a saturated polyester, the viscosity ratio is an order of 10 to 100 although it varies depending on the conditions such as melting temperature and shear rate. To the contrary, the above compounds such as xylene described above have affinity for PPE which is a non-crystalline resin and have functions of lowering the melting viscosity of PPE and making the viscosity ratio of PPE and the saturated polyester as small as possible. 〈Formulation ratio of the respective components〉 From the point of a balance of heat resistance, solvent resistance and molding processability, the formulation ratio of Component (A) in the thermoplastic resin composition is preferably 10 to 90 % by weight, more preferably 20 to 80 % by weight, and the formulation ratio of Component (B) is preferably 90 to 10 % by weight, more preferably 80 to 20 % by weight based on the total weight of Components (A) and (B). If the ratio of Component (A) is less than 10 % by weight, an effect of improving heat resistance is small, while if it exceeds 90 % by weight, solvent resistance and molding processability are worsened. If the ratio of Component (B) is less than 10 % by weight, effects of improving solvent resistance and molding processability are small, while if it exceeds 90 % by weight, heat resistance is not sufficient. The formulation ratio of Component (C) is preferably 0.1 to 10 parts by weight, more preferably 0.1 to 5 parts by weight, particularly preferably 0.1 to 4 parts by weight based on 100 parts by weight of Components (A) and (B). If the ratio is less than 0.1 part by weight, an effect as a compatibilizer is small and an effect of improving physical properties is insufficient, while if it exceeds 10 parts by weight, appearance of a molded product may have problems. The formulation ratio of Component (D) is preferably 0 to 10 parts by weight, more preferably 0 to 5 parts by weight, particularly preferably 0 to 2 parts by weight based on 100 parts by weight of Components (A) and (B). The amount of the compound having a boiling point of 35 °C to 300 °C at normal pressure to be added is preferably 0.2 to 20 parts by weight, more preferably 0.5 to 10 parts by weight based on 100 parts by weight of Components (A) and (B). If the added amount is less than 0.2 part by weight, an effect of improving compatibility is small, while if it exceeds 20 parts by weight, said effect is saturated and a problem in safety of operations is caused. 〈Additional components〉 To the thermoplastic resin composition of the present invention, additional components other than Components (A), (B), (C) and (D) described above may be added. For example, in order to increase compatibility by Component (C), one or more known aid(s) for esterification by a phosphorous acid compound may be used. As the aid, there may be mentioned a halogenated alkali metal salt such as lithium chloride, pyridine or a derivative thereof, teriary amine and an amide compound such as N-methylpyrrollidone. The amount of these compounds to be added is preferably 0.1 to 5-fold in terms of a molar ratio based on the amount of a phosphor atom. Also, 0.01 to 5 % by weight of an antioxidant or a weather resistance improver; 5 to 30 % by weight of a plasticizer or a fluidity improver; 0.5 to 2 % by weight of a nucleating agent; or 3 to 15 % by weight of a flame retardant may be used as an additional component. Further, it is effective for improving rigidity, heat resistance or dimensional precision to add 10 to 45 % by weight of an organic filler, an inorganic filler or a reinforcing agent, particularly glass fiber, mica, talc, wallastonite, potassium titanate, calcium carbonate or silica. Also, 0.5 to 5 % by weight of a coloring agent or a dispersant thereof may be formulated. Further, it is effective for improving strength of the thermoplastic resin composition to add an impact modifier, particularly styrene-butadiene copolymer rubber or a hydride thereof, ethylene-propylene copolymer rubber, ethylene-propylene-diene terpolymer rubber, α,β-unsaturated carboxylic acid anhydride-modified products thereof, glycidyl ester- or unsaturated glycidyl ether-modified products thereof, a copolymer comprising an unsaturated epoxy compound and ethylene, an unsaturated epoxy compound and a copolymer comprising ethylene and an ethylene type unsaturated compound. The above impact modifiers may be used singly or in combination of two or more. The formulation ratio of the impact modifier varies depending on aimed physical property values, but it may be, for example, 5 to 30 % by weight in the thermoplastic resin composition in order to improve a balance between rigidity and impact resistance of the thermoplastic resin composition. If necessary, other thermoplastic resin such as a polystyrene, polycarbonate and polyamide may be added. 〈Preparation process of the thermoplastic resin composition〉 The thermoplastic resin composition of the present invention is prepared by melting and kneading. As a melting and kneading method, there may be used a generally used method of kneading a thermoplastic resin composition. For example, the respective Components (A), (B), (C) and (D), the compound having a boiling point of 35 °C to 300 °C at normal pressure and, if necessary, additives described in 〈Additional components〉 are uniformly mixed by a Henschel mixer, a ribbon blender or a twin-cylinder mixer, and then the mixture is kneaded by a single axis or plural axis kneading extruder, a roll mixer, a Banbury mixer or a Laboplasto mill (Brabender). The respective components may be fed simultaneously or successively to a kneading machine. Also, it may be used a provisionally mixed material in which at least two components selected from the respective components including additive components are previously mixed and fed into the kneading machine. Preferred is that Components (B) and (C) are co-presented when Component (A) is melted since, if PPE (A) alone is melted, the amino type nitrogen of PPE (A) will be lost before the reaction with Components (B) and (C). The kneading temperature and kneading time may be selected optionally depending on the conditions of a desired amount of a block and/or graft copolymer to be formed and the kind of a kneader, but the kneading temperature is preferably 150 to 350 °C and the kneading time is preferably 20 minutes or shorter. If the kneading temperature exceeds 350 °C and the kneading time exceeds 20 minutes, heat deteriorations of Components (A), (B) and (C) are caused, whereby physical properties of a molded product may be lowered or appearance thereof may be worsened. In the preparation process of the present invention, at least part or all of at least one of the amine compound derived from Component (A) and the hydroxy compound derived from Component (C) described above is removed. The reason why a composition having excellent physical properties can be obtained by removing a part or all of at least one of the amine compound derived from Component (A) and the hydroxy compound derived from Component (C) is not certain. The following effects (1) and (2) may be estimated, but the present invention is not limited by these estimations. (1) Effect of accelerating compatibility It has been described above that the compatibility of PPE (A) and the saturated polyester (B) realized in the present invention is considered to be brought about by the reaction scheme represented by the above formula (II). It is considered that if the above reaction can proceed sufficiently, a thermoplastic resin composition having further excellent physical properties can be prepared. For this purpose, it is effective to remove part or all of ArOH from the reaction system. Further, excessive ArOH exerts bad influence on weather resistance of a thermoplastic resin composition. (2) Effect of preventing lowering of molecular weight of saturated polyester It has been widely known that a saturated polyester in a melted state is hydrolyzed with an extremely small amount of water. Amines have possibility of acting as a catalyst of hydrolysis reaction of a saturated polyester. Also, amines have possibility of causing ester-amide exchange reaction. These reactions lower a molecular weight of a saturated polyester significantly and exert undesirable influences on physical properties such as impact resistance and retention stability of a thermoplastic resin composition. Thus, in order to prepare a thermoplastic resin composition having excellent physical properties, it is important to remove amines generated from PPE (A). The method of removing part or all of at least one of the amine compound derived from Component (A) and the hydroxy compound derived from Component (C) is not particularly limited. A part or all of at least one of the amine compound derived from Component (A) and the hydroxy compound derived from Component (C) is removed preferably by heating under reduced pressure, more preferably by placing the composition in a melted state under reduced pressure atmosphere. The pressure-reducing degree varies depending on kneading temperature and a boiling point of a compound to be removed, but may be 101 kPa (760 mmHg) or less, preferably 80 kPa (600 mmHg) or less in terms of absolute pressure. The kneading temperature is generally as high as about 250 °C so that a high effect can be obtained by a slight pressure-reducing degree. The effect of the present invention can be obtained by removing at least one of the amine compound derived from Component (A) and the hydroxy compound derived from Component (C), but it is preferred to remove both of them. The ratio of the hydroxy compound derived from Component (C) to be removed is not limited, but it is preferably 5 % by weight or more of the hydroxy compound derived from Component (C). The ratio of the amine compound derived from Component (A) to be removed varies depending on the ratio of PPE (A) contained in the thermoplastic resin composition. In either case, it is preferred to remove 5 % by weight or more of the amine compound derived from Component (A). One preferred embodiment of the present invention is, for example, a method using a kneader by which a melted resin can be treated under reduced pressure atmosphere. It is specifically a method using a single axis or plural axis kneading extruder equipped with a pressure-reducing device such as a pressure-reducing pump and an aspirator at a vent port. In the present invention, it is not preferred that the organic phosphorous acid compound (C) and a phosphor compound formed by the reaction are removed. This is because the organic phosphorous acid compound (C) and the phosphor compound formed by the reaction have characteristics that they also function as antioxidants Thus, the preparation process of the present invention is preferably carried out under reduced pressure condition where the organic phosphorous acid compound (C) and the phosphor compound formed by the reaction are not removed. That is, it is preferred that 80 % or more, preferably 90 % or more of phosphor atoms contained in the used organic phosphorous acid compound (C) remain in the thermoplastic resin composition. In order to obtain stabilities of heat resistance and antioxidant action of the thermoplastic resin composition, it is effective to add the organic phosphorous acid compound (C) again, if necessary, although it depends on the kind of the used organic phosphorous acid compound (C), melting and kneading temperatures and a pressure-reducing degree during melting and kneading. The respective components including the additional components described above and the compound having a boiling point of 35 °C to 300 °C at normal pressure may be fed to a kneader simultaneously or successively. When the compound having a boiling point of 35 °C to 300 °C at normal pressure is fed in the course of kneading, it may be convenient to use a pump for feeding. Here, there may be used a mixture obtained by previously mixing two or more components selected from the respective components including the additional components described above and the compound having a boiling point of 35 °C to 300 °C at normal pressure. Also, a component containing the compound having a boiling point of 35 °C to 300 °C at normal pressure may be used. As such a compound, there may be used PPE prepared by a method in which a part or all of a process of removing a solvent after polymerization is omitted. The compound having a boiling point of 35 °C to 300 °C at normal pressure is preferably removed from the composition during melting and kneading, after melting and kneading or both of them. The amount to be removed is preferably 50 % by weight, more preferably 70 % by weight of the used amount of the compound having a boiling point of 35 °C to 300 °C at normal pressure. If the removed amount is less than 50 % by weight, heat-resistant physical properties such as heat distortion temperature may be lowered. The removing method is not particularly limited and may be preferably a method of distilling the compound having a boiling point of 35 °C to 300 °C at normal pressure preferably under heating during kneading or after kneading, more preferably a method of removing it under reduced pressure atmosphere by using a single axis or plural axis kneader equipped with a pressure-reducing device. The pressure varies depending on a boiling point of a compound to be used and a temperature of a resin, but may be preferably 80 kPa (600 mmHg) or less, more preferably 40 kPa (300 mmHg) or less. If the pressure exceeds 80 kPa (600 mmHg), a large amount of the compound having a boiling point of 300 °C or lower remains in the composition to worsen thermal characteristics of the composition. 〈Molding method of the thermoplastic resin composition composition〉 In the present invention, a molding processing method of the thermoplastic resin composition is not particularly limited, and there may be suitably used various molding methods generally used for a thermoplastic resin composition, i.e. injection molding, hollow molding, extrusion molding and press molding. EXAMPLES The present invention is described in detail by referring to Examples, but the present invention is not limited by these Examples. In the following, "part" and "%" mean "part by weight" and "% by weight", respectively. Examples 1 to 6 and Comparative examples 1 to 6 The following respective components were used. (A) PPE Three kinds of poly(2,6-dimethyl-1,4-phenylene ether) produced by Nippon Polyether Co. having an intrinsic viscosity measured at 30 °C in chloroform of 0.30 dl/g (hereinafter referred to as "H-30"), having that of 0.41 dl/g (hereinafter referred to as "H-41") and having that of 0.51 dl/g (hereinafter referred to as "H-51"). (B) Saturated polyester 1) Polybutylene terephthalate 1 ○ Novadur 5010 Grade (trade name) produced by Mitsubishi Kasei Corporation having a number average molecular weight (Mn) of 30,000 and a weight average molecular weight (Mw) of 99,000 both of which were calculated on polystyrene standard measured by gel permeation chromatography (GPC) (hereinafter referred to as "PBT-1"). 2 ○ K-128 Grade (trade name) produced by Kanebo, Ltd. having Mn of 42,000 and Mw of 116,000 calculated on polystyrene standard measured by GPC (hereinafter referred to as "PBT-2"). 2) Polyethylene terephthalate PBX-1 Grade (trade name) produced by Kanebo, Ltd. having an intrinsic viscosity of 0.65 dl/g (hereinafter referred to as "PET"). (C) Organic phosphorous acid compound 1) Bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite:MARK PEP-36 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "A"). 2) Bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite: MARK PEP-24G (trade name) produced by Asahi Denka Co. (hereinafter referred to as "B"). 3) Triphenyl phosphite: produced by Tokyo Kasei Co. (hereinafter referred to as "C"). 4) Distearylpentaerythritol diphosphite: MARK PEP-8 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "D"). 5) Tris(nonylphenyl)phosphite: MARK-1178 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "E"). Impact strength improver Hydrogenated styrene-butadiene block copolymer: KRATON G-1651 Grade (trade name) produced by Shell Chemical Co. (hereinafter referred to as "SEBS"). According to the composition ratios shown in Table 1, the respective components were kneaded at a setting temperature of 250 °C with a rotary number of 180 rpm for 10 minutes by using a Laboplastomill extruder (trade name) manufactured by Toyo Seiki Seisakusho Co., and the mixtures were pulverized to obtain granular compositions. Characteristics of the resulting compositions were measured and evaluated by measuring test pieces obtained by injection molding at a temperature of 280 °C by using a CS183MMX Minimax injection molding machine (trade name) manufactured by Custom Scientific Co., according to the following methods. The results are shown in Table 1. When kneading or molding was carried out, polybutylene terephthalate, polyethylene terephthalate and the resin compositions which had been previously dried under reduced pressure at 120 °C for 5 hours were used. (1) Impact resistance Test pieces having a length of 31.5 mm, a width of 6.2 mm and a thickness of 3.2 mm were prepared by injection molding. By using a Minimax Izod impact tester CS-138TI (trade name) manufactured by Custom Scientific Co., Izod impact strength without notch at 23 °C was measured. (2) Tensile strength Tensile test pieces having a parallel length of 7 mm and a parallel portion diameter of 1.5 mm were prepared by injection molding. By using a tensile tester CS-183TE (trade name) manufactured by Custom Scientific Co., a tensile test was conducted under a condition of a tensile rate of 1 cm/min to measure stress at break and elongation at break. As to Examples 1 to 3 and Comparative examples 1 to 4, as an index of improving compatibility by using the organic phosphorous acid compound (C), each dispersed particle size of PPE domain dispersed in a matrix of polybutylene terephthalate was measured by using a scanning type electron microscope S-2000 (trade name) manufactured by Hitachi, Ltd. As clearly seen from the results shown in Table 1, it can be understood that when the organic phosphorous acid compound of the present invention is used with the same composition of the PPE and the saturated polyester (e.g. when compared to the results of Example 1 and Comparative example 1, Example 5 and Comparative example 5, or Example 6 and Comparative example 6), respective properties can be remarkably improved. Examples 7 to 12 and Comparative examples 7 to 10 In the same manner as in Examples 1 to 6 except for using the composition ratios of the respective components shown in Table 2, melting and kneading, injection molding and evaluation of physical properties were carried out. The results are shown in Table 2. Composition (parts) Example Comparative example 7 8 9 10 11 12 7 8 9 10 Component (A) H-41 40 40 40 40 30 - 40 40 30 - Component (A) H-51 - - - - - 40 - - - 40 Component (B) PBT-1 60 60 60 - 70 60 60 - 70 60 Component (B) PBT-2 - - - 60 - - - 60 - - Component (C) A 1 0.5 3 1 1 1 - - - - Evaluation results Impact resistance (kg·cm/cm 2 ) 58.6 53.8 52.2 58.1 52.9 38.5 11.8 14.3 16.5 11.8 Tensile break strength (kg/cm 2 ) 512 545 559 473 549 452 248 267 334 334 Tensile break elongation (%) 18 21 75 150 207 16 10 13 13 12 Examples 13 and 14 and Comparative examples 11 to 13 According to the composition ratios of the respective components shown in Table 3, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 210 °C, a screw rotary number of 150 rpm and an extrusion amount of 40 kg/hour to obtain pellets. When the mixtures were kneaded, deaeration under reduced pressure was carried out at a latter stage vent port. Then, in the same manner as in Examples 1 to 6, the resulting compositions of Example 13 and Comparative examples 11 and 12 were molded and characteristics thereof were evaluated. As to Example 13 and Comparative examples 11 and 12, as an index of an amount of a formed block or graft polymer which improves compatibility by using the organic phosphorous acid compound (C), reactivity of PPE was determined according to the following equation: PPE reactivity (%) = 100 x (α - β)/α wherein α is a total weight of PPE components in a composition and β is a weight of unreacted PPE components in a composition. β was determined as described below. A composition of weighed PPE and polybutylene terephthalate was dipped and swelled in a mixed solution of chloroform and hexafluoroisopropanol (volume ratio: 1:1). To the solution were added tetrahydrofuran and chloroform successively, and unreacted PPE components were isolated from a solution phase and weighed to obtain a β value. Test pieces of the resulting compositions of Example 14 and Comparative example 13 were prepared by injection molding by using an inline screw type injection molding machine IS-90B (trade name) manufactured by Toshiba Kikai Seisakusho Co. at a cylinder temperature of 260 °C and a mold-cooling temperature of 80 °C, and measured and evaluated according to the methods described below. Vacuum drying was carried out at 120 °C for 5 hours until immediately before injection molding. (1) Impact resistance Impact resistance was measured according to ISO R180-1969 (JIS K 7110) Izod impact test with notch by using an Izod impact tester manufactured by Toyo Seiki Seisakusho. (2) Tensile strength Tensile strength was measured according to ISO R527-66 (JIS K 7113) tensile strength by using an Instron tester. The results are shown in Table 3. Composition (parts) Example Comparative example 13 14 11 12 13 Component (A) PPE H-41 40 30 40 40 30 Component (B) PBT-2 60 70 60 60 70 Component (C) A 1 1 - - - Component (C) C - - 1 - - SEBS - 15 - - 15 Evaluation results Impact resistance (kg·cm/cm 2 ) 47.1 24 21.6 11.7 3 Tensile break strength (kg/cm 2 ) 504 400 395 354 360 Tensile break elongation (%) 179 40 14 14 5 PPE reactivity (%) 25 - 8 5 - Examples 15 and 16 and Comparative examples 14 and 15 In the same manner as in Examples 1 to 6 except for using polyethylene terephthalate in place of polybutylene terephthalate and changing the setting temperature of the kneader to 260 °C, kneading and molding were carried out to obtain test pieces for evaluating physical properties. These test pieces were subjected to heat treatment in a hot air dryer at a temperature of 120 °C for 4 hours to effect crystallization of polyethylene terephthalate sufficiently. Then, physical properties thereof were evaluated in the same manner as in Examples 1 to 6. The results are shown in Table 4. Composition (parts) Example Comparative example 15 16 14 15 Component (A) PPE H-30 40 - 40 - Component (A) PPE H-41 - 40 - 40 Component (B) PET 60 60 60 60 Component (C) A 1 1 - - Component (C) C - - 1 - Evaluation results Impact resistance (kg·cm/cm 2 ) 30.4 50.2 22.4 12.4 Tensile break strength (kg/cm 2 ) 548 650 440 439 Tensile break elongation (%) 16 22 14 14 The resin compositions of the present invention are thermoplastic resin compositions remarkably improved in compatibility of Components (A) and (B), having both of characteristics possessed by the respective resins, having high stiffness and rigidity, and well-balanced in mechanical strength. Examples 17 to 24 The following respective components were used. (A) PPE 1 ○ Three kinds of poly(2,6-dimethyl-1,4-phenylene ether) produced by Nippon Polyether Co. having an intrinsic viscosity measured at 30 °C in chloroform of 0.30 dl/g (hereinafter referred to as "PPE-1"), having that of 0.41 dl/g (hereinafter referred to as "PPE-2") and having that of 0.51 dl/g (hereinafter referred to as "PPE-3"). 2 ○ The above PPE-1, PPE-2 and PPE-3 were melted by using a biaxial extruder TEX-44 (trade name) with vents manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 250 °C, a screw rotary number of 150 rpm and an extrusion amount of 30 kg/hour to obtain pellets. The pellets are hereinafter referred to as "PPE-1'", "PPE-2'" and "PPE-3'", respectively. For these PPE, the respective nitrogen contents and number average molecular weights calculated on polystyrene by gel permeation chromatography were measured. The results are shown in Table 5. PPE Amine content (ppm) Number average molecular weight PPE-1 1250 8.0 x 10 3 PPE-1' 430 8.4 x 10 3 PPE-2 1200 1.5 x 10 4 PPE-2' 420 1.6 x 10 4 PPE-3 1100 2.1 x 10 4 PPE-3' 380 2.3 x 10 4 (B) Saturated polyester 1 ○ Polybutylene terephthalate: Novadol 5010 Grade (trade name) produced by Mitsubishi Kasei Corporation having a number average molecular weight (Mn) of 30,000 and a weight average molecular weight (Mw) of 99,000 both of which were calculated on polystyrene standard measured by gel permeation chromatography (GPC) (hereinafter referred to as "PBT-1"). 2 ○ Polybutylene terephthalate: K-128 Grade (trade name) produced by Kanebo, Ltd. having Mn of 42,000 and Mw of 116,000 calculated on polystyrene standard measured by GPC (hereinafter referred to as "PBT-2"). (C) Organic phosphorous acid compound 1 ○ Bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite: MARK PEP-36 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP36"). 2 ○ Bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite: MARK PEP-24G (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP24G"). Impact strength improver Hydrogenated styrene-butadiene block copolymer: KRATON G-1651 Grade (trade name) produced by Shell Chemical Co. (hereinafter referred to as "SEBS"). According to the composition ratios shown in Table 6, the respective components were kneaded at a setting temperature of 250 °C with a rotary number of 180 rpm for 10 minutes by using a Laboplastomill extruder (trade name) manufactured by Toyo Seiki Seisakusho Co., and the mixtures were pulverized to obtain granular compositions. Characteristics of the resulting compositions were measured and evaluated by measuring test pieces obtained by injection molding at a temperature of 280 °C by using a CS183MMX Minimax injection molding machine (trade name) manufactured by Custom Scientific Co., according to the same methods as in Examples 1 to 6. The results are shown in Table 6. Examples 25 and 26 (Not in accordance with the invention) According to the composition ratios shown in Table 7, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) with vents manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 210 °C, a screw rotary number of 250 rpm and an extrusion amount of 40 kg/hour to obtain pellets. The resulting compositions were evaluated in the same manner as in Example 17. The results are shown in Table 7. Composition (parts) Example 25 Example 26 Component (A) PPE-2' 40 40 Component (B) PBT-2 60 60 Component (C) PEP36 1 1 Trioctylamine 1 - Evaluation results Izod impact strength (kg·cm/cm 2 ) 38.7 21.3 Tensile break strength (kg/cm 2 ) 452 403 Tensile break elongation (%) 17 11 Examples 27 and 28 In the same manner as in Example 25 except for using the composition ratios shown in Table 8, pellets of compositions were prepared. Test pieces of the resulting compositions were prepared by injection molding by using an inline screw type injection molding machine IS-90B (trade name) manufactured by Toshiba Kikai Seisakusho Co. at a cylinder temperature of 260 °C and a mold-cooling temperature of 80 °C, and measured and evaluated according to the methods described below. The results are shown in Table 8. (1) Impact resistance Impact resistance was measured in the same manner as in Examples 13 and 14. (2) Tensile strength Tensile strength was measured in the same manner as in Examples 13 and 14. (3) Surface luster degree As an index of appearance of a molded product, a surface luster degree at an incident angle and a light-receiving angle of 60° was measured according to JIS Z 8741 luster degree test method. Composition (parts) Example 27 Example 28 Component (A) PPE-2 30 - Component (A) PPE-2' - 30 Component (B) PBT-2 70 70 Component (C) PEP36 1 1 SEBS 15 15 Evaluation results Izod impact strength (kg·cm/cm 2 ) 46.2 12.1 Tensile break strength (kg/cm 2 ) 375 403 Tensile break elongation (%) 23 9 Surface luster (%) 47 8 Examples 29 to 31 The following respective components were used. (A) PPE Poly(2,6-dimethyl-1,4-phenylene ether) produced by Nippon Polyether Co. having an intrinsic viscosity measured at 30 °C in chloroform of 0.41 dl/g (hereinafter referred to as "PPE"). (B) Saturated polyester Polybutylene terephthalate: K-128 Grade (trade name) produced by Kanebo, Ltd. having a number average molecular weight of 42,000 and a weight average molecular weight of 116,000 calculated on polystyrene measured by gel permeation chromatography (hereinafter referred to as "PET"). (C) Organic phosphorous acid compound As the organic phosphorous acid compound (C) of the present invention, the following 1) and 2) were used, and as other organic phosphorous acid compound, the following 3) was used. 1) Bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite:MARK PEP-36 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP36"). 2) Bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite: MARK PEP-24G (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP24G"). 3) Triphenyl phosphite: produced by Tokyo Kasei Co. (hereinafter referred to as "TPP"). Impact strength improver Hydrogenated styrene-butadiene block copolymer: KRATON G-1651 Grade (trade name) produced by Shell Chemical Co. (hereinafter referred to as "SEBS"). According to the composition ratios shown in Table 10, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) with vents manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 210 °C, a screw rotary number of 250 rpm and an extrusion amount of 40 kg/hour to obtain pellets. When the mixtures were kneaded, deaeration under reduced pressure was carried out at a pressure of 6.7 kPa (50 mmHg) by using a pressure-reducing pump attached to a latter stage vent port to remove an amine compound derived from PPE and a hydroxy compound derived from the organic phosphoric acid compound. At the latter stage vent port, a large amount of an attached substance was observed. Components and a composition ratio of the attached substance obtained in Example 29 are shown in Table 9. As the composition ratio, an area ratio of peaks by gas chromatography was used. 2,6-Di-tert-butyl-4-methylphenol was formed from bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite, and n-dibutylamine was formed from PPE having a terminal structure of the following formula (IX): used in Example 29. From the above pellets, test pieces were prepared by injection molding by using an inline screw type injection molding machine IS-90B (trade name) manufactured by Toshiba Kikai Seisakusho Co. at a cylinder temperature of 260 °C and a mold-cooling temperature of 80 °C, and measured and evaluated according to the methods described below. The results are shown in Table 10. (1) Impact resistance Impact resistance was measured in the same manner as in Examples 13 and 14. (2) Tensile strength Tensile strength was measured in the same manner as in Examples 13 and 14. (3) Surface luster degree Surface luster degree was measured in the same manner as in Example 27. (4) Dispersed particle size A dispersed particle size of PPE domain dispersed in a matrix of polybutylene terephthalate was observed by using a scanning type electron microscope S-2400 (trade name) manufactured by Hitachi, Ltd. As the dispersed particle size is smaller, compatibility is higher. Examples 32 and 33 Procedures were carried out in the same manner as in Examples 29 to 31 except for attaching a tap aspirator to the latter stage vent port and carrying out deaeration under reduced pressure at a pressure of 40 kPa (300 mmHg) to remove the hydroxy compound derived from the organic phosphorous acid compound and the amine compound derived from PPE. The results are shown in Table 10. At the vent port, a large amount of an attached substance was observed as in Examples 29 to 31. Examples 34 and 35 Procedures were carried out in the same manner as in Examples 29 to 31 except for sealing the latter stare vent port so that the hydroxy compound derived from the organic phosphorous acid compound and the amine compound derived from PPE were not removed. The results are shown in Table 10. Comparative example 16 Procedures were carried out in the same manner as in Examples 29 to 31 except for using triphenyl phosphite as the organic phosphorous acid compound. The results are shown in Table 10. Composition (parts) Example Comparative example 29 30 31 32 33 34 35 16 Component (A) PPE 30 30 30 30 30 30 30 30 Component (B) PBT 70 70 70 70 70 70 70 70 SEBS 15 15 15 15 15 15 15 15 Component (C) PEP36 1 2 - 1 - 1 - - Component (C) PEP24G - - 1 - 1 - 1 - Component (C) TPP - - - - - - - 1 Evaluation results Izod impact strength (kg·cm/cm 2 ) 48.7 55.3 43.7 50.9 42.8 15.0 18.3 15.3 Tensile break strength (kg/cm 2 ) 370 384 374 366 372 386 372 418 Tensile break elongation (%) 28 35 26 29 31 25 24 12 Surface luster (%) 47 39 37 31 34 39 33 14 Dispersed particle size of PPE (µm) 0.38 0.27 0.39 0.37 0.41 0.32 0.39 1.4 Examples 36 to 42 and Comparative examples 17 and 18 The following respective components were used. (A) PPE Poly(2,6-dimethyl-1,4-phenylene ether) produced by Nippon Polyether Co. having an intrinsic viscosity measured at 30 °C in chloroform of 0.41 dl/g (hereinafter referred to as "PPE"). (B) Saturated polyester Polybutylene terephthalate: K-124 Grade (trade name) (intrinsic viscosity: 2.48) produced by Kanebo, Ltd. (hereinafter referred to as "PBT"). (C) Organic phosphorous acid compound 1) Bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite:MARK PEP-36 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP36"). 2) Bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite: MARK PEP-24G (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP24"). Impact strength improver Hydrogenated styrene-butadiene block copolymer, KRATON G-1651 Grade (trade name) produced by Shell Chemical Co. (hereinafter referred to as "SEBS"). Compound having a boiling point of 35 °C to 300 °C at normal pressure 1) Xylene (a mixture of o-xylene, m-xylene and p-xylene) (b.p.: 125 to 142 °C) 2) 1,2,4-trichlorobenzene (b.p.: 210 °C) According to the composition ratios shown in Table 11, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 210 °C, a screw rotary number of 250 rpm and an extrusion amount of 40 kg/hour to obtain pellets. The pressure at the vent ports was 27 kPa (200 mmHg). Test pieces of the resulting compositions were prepared by injection molding by using an inline screw type injection molding machine IS-90B (trade name) manufactured by Toshiba Kikai Seisakusho Co. at a cylinder temperature of 260 °C and a mold-cooling temperature of 80 °C, and physical properties thereof were evaluated. The results are shown in Table 11. Physical properties were evaluated according to the methods described below. (1) Impact resistance and (2) Tensile strength Impact resistance and tensile strength were measured in the same manner as in Examples 13 and 14. (2) Heat distortion temperature Heat distortion temperature was measured with a load of 4.6 kg by using an HDT tester (trade name) manufactured by Tokyo Seiki Seisakusho Co. according to JIS K 7207. Composition Parts Example Comparative example 36 37 38 39 40 41 42 17 18 Component (A) PPE 30 30 30 30 30 30 30 30 30 Component (B) PBT 70 70 70 70 70 70 70 70 70 SEBS 15 15 15 15 15 15 15 15 15 Component (C) PEP36 1 1 2 1 1 - 1 - - Component (C) PEP24 - - - - - 1 - - - Xylene 1 3 3 5 - 3 - 3 - Trichlorobenzene - - - - 3 - - - 3 Evaluation results Izod impact strength 23 °C (kg·cm/cm 2 ) 58.9 63.5 62.3 60.5 68.2 50.3 18.5 9.4 8.7 -30 °C (kg·cm/cm 2 ) 10.7 11.1 11.6 10.8 11.9 9.8 7.1 2.2 1.6 Tensile break strength (kg/cm 2 ) 399 419 401 405 401 405 392 425 431 Tensile break elongation (%) 130 166 105 145 172 120 85 12 10 Heat distortion temperature (°C) 172 174 169 167 171 170 174 175 173 Examples 43 to 49 The following respective components were used. (A) PPE Poly(2,6-dimethyl-1,4-phenylene ether) produced by Nippon Polyether Co. having an intrinsic viscosity measured at 30 °C in chloroform of 0.41 dl/g (hereinafter referred to as "PPE"). (B) Saturated polyester Polybutylene terephthalate: K-128 Grade (trade name) (intrinsic viscosity measured at 20 °C by using a mixed solvent of phenol and 1,1,2,2-tetrachloroethane (weight ratio: 4:6): 2.85 dl/g) produced by Kanebo, Ltd. (hereinafter referred to as "PBT"). (C) Organic phosphorous acid compound 1 ○ Bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite:MARK PEP-36 (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP36") 2 ○ Bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite: MARK PEP-24G (trade name) produced by Asahi Denka Co. (hereinafter referred to as "PEP24"). (D) Acid receptor 1 ○ Hydrotalcite DHT-4A (trade name) produced by Kyowa Kagaku Co. (hereinafter referred to "DHT-4A") 2 ○ Calcium stearate (a commercially available reagent, hereinafter referred to as "S-Ca"). 3 ○ Zinc stearate (a commercially available reagent, hereinafter referred to as "S-Zn"). Impact strength improver Hydrogenated styrene-butadiene block copolymer, KRATON G-1651 Grade (trade name) produced by Shell Chemical Co. (hereinafter referred to as "SEBS") According to the composition ratios shown in Table 12, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) with vents manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 210 °C, a screw rotary number of 250 rpm and an extrusion amount of 40 kg/hour to obtain pellets of resin compositions. Test pieces of the resulting compositions were prepared by injection molding by using an inline screw type injection molding machine IS-90B (trade name) manufactured by Toshiba Kikai Seisakusho Co. at a cylinder temperature of 260 °C and a mold-cooling temperature of 80 °C, and physical properties thereof were evaluated. The results are shown in Table 12. Physical properties were evaluated according to the methods described below. Impact resistance and tensile strength were measured in the same manner as in Examples 13 and 14. Composition (parts) Example 43 44 45 46 47 48 49 Component (A) PPE 30 30 30 30 30 30 30 Component (B) PBT 70 70 70 70 70 70 70 SEBS 15 15 15 15 15 15 15 Component (C) PEP36 1 1 1 1 - 1 - Component (C) PEP24 - - - - 1 - 1 Component (D) DHT-4A 0.2 - - 0.1 0.2 - - Component (B) S-Ca - 0.2 - - - - - Component (D) S-Zn - - 0.2 - - - - Evaluation results Izod impact strength (kg·cm/cm 2 ) 57.2 50.3 61.8 55.0 54.7 46.2 42.8 Tensile break strength (kg/cm 2 ) 388 391 386 384 387 375 372 Tensile break elongation (%) 74 68 43 48 61 23 31 Examples 50 and 51 According to the composition ratios shown in Table 13, the respective components were sufficiently mixed by a super mixer and the mixtures were kneaded by using a biaxial extruder TEX-44 (trade name) manufactured by Nippon Seikosho Co. under conditions of a setting temperature of 230 °C, a screw rotary number of 200 rpm and an extrusion amount of 30 kg/hour to obtain three kinds of pellets. These pellets were called MB-1 and MB-2, respectively. Composition (parts) Pellet MB-1 MB-2 Component (A) PPE 5 5 SEBS 15 15 Component (D) DHT-4A 0.2 - Component (D) S-Ca - 0.2 According to the composition ratios shown in Table 14, the above pellets were kneaded and evaluated in the same manner as in Example 34 except for changing the screw rotary number to 150 rpm. The results are shown in Table 14. Composition (parts) Example 50 51 Component (A) PPE 25 25 Component (B) PBT 70 70 MB-1 ((A)+SEBS+(D)) 20.2 - MB-2 ((A)+SEBS+(D)) - 20.2 Component (C) PEP-36 1 1 Evaluation results Izod impact strength (kg·cm/cm 2 ) 77.6 59.2 Tensile break strength (kg/cm 2 ) 414 407 Tensile break elongation (%) 165 126

Claims: A process for preparing a thermoplastic resin composition which comprises melting and kneading: (A) 10 to 90% by weight of a polyphenylene ether containing 500 ppm or more of amino type nitrogen, (B) 90 to 10% by weight of a saturated polyester, (C) 0.1 to 10 parts by weight of an organic phosphorous acid compound represented by the formula: wherein n represents 1 or 2; Ar represents an aryl group having 6 to 30 carbon atoms or a substituted aryl group and when n is 2, Ars may be the same or different; and R represents an alkylene group having 2 to 18 carbon atoms or an arylene group having 6 to 18 carbon atoms when n is 1 and represents an alkanetetrayl group having 4 to 18 carbon atoms when n is 2, based on 100 parts by weight of Components (A) and (B), and (D) 0 to 10 parts by weight of an acid receptor based on 100 parts by weight of Components (A) and (B), in the optional presence of a compound having a boiling point of 35°C to 300°C at normal pressure selected from at least one of an aromatic hydrocarbon, a chain or cyclic aliphatic hydrocarbon, a halogenated hydrocarbon, an ether, a thioether, a ketone, a nitrile, an ester, a nitro compound, an amide and an amino compound. A process according to claim 1, wherein the compound having a boiling point of 35°C to 300°C at normal pressure is xylene, toluene, dichlorobenzene or trichlorobenzene. A process according to claim 1, which comprises removing a part or all of at least one of an amine compound derived from component (A) and a hydroxy compound derived from component (C). A process according to claim 1, which comprises melting and kneading: (A) 10 to 90% by weight of a polyphenylene ether, (B) 90 to 10% by weight of the saturated polyester, (C) 0.1 to 5 parts by weight of the organic phosphorous acid compound based on 100 parts by weight of Components (A) and (B), and (D) 0 to 5 parts by weight of the acid receptor based on 100 parts by weight of Components (A) and (B). A process according to claim 1, which comprises melting and kneading: (A) 20 to 80% by weight of a polyphenylene ether, (B) 80 to 20% by weight of the saturated polyester, (C) 0.1 to 4 parts by weight of the organic phosphorous acid compound based on 100 parts by weight of Components (A) and (B), and (D) 0 to 2 parts by weight of the acid receptor based on 100 parts by weight of Components (A) and (B). A process according to any preceding claim, wherein Component (A) is a polyphenylene ether containing 650 ppm or more of amino type nitrogen. A process according to any preceding claim, wherein Component (C) is bis(nonylphenyl)pentaerythritol diphosphite, bis(2,4-di-tert-butylphenyl)pentaerythritol diphosphite or bis(2,6-di-tert-butyl-4-methylphenyl)pentaerythritol diphosphite. A process according to any preceding claim, wherein Component (D) is a hydrotalcite, zinc stearate, calcium stearate, magnesium stearate, calcium laurate or zinc laurate.

Inventors: ARASHIRO YUSUKE, NISHIDA KOJI, NISHIMURA HIROMI, TAKAGI KIYOJI, TSUKAHARA TORU, ARASHIRO, YUSUKE, NISHIDA, KOJI, NISHIMURA, HIROMI, TAKAGI, KIYOJI, TSUKAHARA, TORU, ARASHIRO, YUSUKE, C/O YOKKAICHI RESEARCH CENTER, NISHIDA, KOJI, C/O YOKKAICHI RESEARCH CENTER, NISHIMURA, HIROMI, C/O YOKKAICHI RESEARCH CENTER, TAKAGI, KIYOJI, C/O YOKKAICHI RESEARCH CENTER, TSUKAHARA, TORU, C/O YOKKAICHI RESEARCH CENTER
Applicants: MITSUBISHI CHEM CORP, MITSUBISHI CHEMICAL CORPORATION
Application year: 1993
Main classification: C08L71
IPC codes: C08K5, C08L71, C08L67