https://www.avient.com/sites/default/files/2021-02/avient-ir-presentation-goldman-sachs-and-morgan-stanley.pdf
Microsoft PowerPoint - Avient February IR Meetings
AVIENT CORPORATION
(NYSE: AVNT)
F E B R U A R Y 1 7 - 1 8 , 2 0 2 1
I N V E S T O R M E E T I N G S
H O S T E D B Y
G O L D M A N S A C H S A N D
M O R G A N S T A N L E Y
DISCLAIMER
Forward-Looking Statements
In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Our free cash flow supports
shareholder value creation through
investing in R&D for organic growth,
completing bolt-on acquisitions, and
returning cash to shareholders via our
dividend program and opportunistic
share repurchases.
26 1.
Avient acquired the Clariant Masterbatch business (CMB) on July 1, 2020 (the “Acquisition Date”).
https://www.avient.com/sites/default/files/2023-11/Responsible Care_14001 Global Cert_Avient.pdf
ECert - 2023-11-22T154408.223.pdf
Page 1 of 10
Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon
prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
Mariana Langiewicza 50
Lódzkie
Konstantynow 95-050
Poland
Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Activity: Design and Manufacture of Colour and Additive Concentrates,
Facility: Avient Pakistan (Private) Limited
1-A/1, Sector-20
Korangi Industrial Area
Korangi, Sindh 74900
Pakistan
Facility: Avient Corporation - Lahnstein, Germany
Hohenrhein 1
56112 Lahnstein,
Rheinland-Pfalz
Germany
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of colour and additive concentrates,
thermoplastic resins and specialty compounds
Facility: Avient Corporation - Esenyurt, Turkey
Orhan Gazi Mahallesi 1683 Sokak No:6
34538 Esenyurt
Istanbul
Turkey
Facility: Avient Corporation - Jurong, Singapore
No. 8 Third Chin Bee Road
Jurong Industrial Estate
Jurong 618684
Singapore
Activity: Design and Manufacture of Specialty Engineered Thermoplastics Activity: Design and Manufacture of Colorants and Additives for Plastics
Page 5 of 10
Facility: Avient Corporation - Lomagna, Italy
Via Piave 12
23871, Lomagna, Lecco
Facility: Avient Corporation - Lomas de Zamora, Argentina
AV .
De Martorell, 124
Sant Andreu, Barcelona 8740
Facility: Avient Corporation - Santa Clara, Mexico
Plásticos 28 int B102
Santa Clara Coatitla, Ecatepec de Morelos,
Estado de México 55540
México
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives for Plastics
Facility: Avient Corporation - Shanghai (Xinzhuang), China
No. 88, Lane 4377 Jindu Road
Minhang District
Shanghai 201108
Facility: Avient Corporation - Shenzhen, China
No. 1, Qihang Industry Park, Haoxiang Road
Shajing Town, Baoan
Shenzhen, Guangdong Province 518104
Facility: Avient Corporation - Rania, India
Survey No.344/1-2-3
Rania Works, Sakarda Bhadarwa Road
Rania, Gujarat 391780
Facility: Avient Corporation - Riyadh, Saudi Arabia
2nd Industrial City, Al-Kharj Road
P.O.
https://www.avient.com/sites/default/files/2023-11/ISO14001 Global Cert_Avient.pdf
ECert - 2023-11-22T151036.517.pdf
Page 1 of 10
Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon
prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
Mariana Langiewicza 50
Lódzkie
Konstantynow 95-050
Poland
Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Activity: Design and Manufacture of Colour and Additive Concentrates,
Facility: Avient Pakistan (Private) Limited
1-A/1, Sector-20
Korangi Industrial Area
Korangi, Sindh 74900
Pakistan
Facility: Avient Corporation - Lahnstein, Germany
Hohenrhein 1
56112 Lahnstein,
Rheinland-Pfalz
Germany
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of colour and additive concentrates,
thermoplastic resins and specialty compounds
Facility: Avient Corporation - Esenyurt, Turkey
Orhan Gazi Mahallesi 1683 Sokak No:6
34538 Esenyurt
Istanbul
Turkey
Facility: Avient Corporation - Jurong, Singapore
No. 8 Third Chin Bee Road
Jurong Industrial Estate
Jurong 618684
Singapore
Activity: Design and Manufacture of Specialty Engineered Thermoplastics Activity: Design and Manufacture of Colorants and Additives for Plastics
Page 5 of 10
Facility: Avient Corporation - Lomagna, Italy
Via Piave 12
23871, Lomagna, Lecco
Facility: Avient Corporation - Lomas de Zamora, Argentina
AV .
De Martorell, 124
Sant Andreu, Barcelona 8740
Facility: Avient Corporation - Santa Clara, Mexico
Plásticos 28 int B102
Santa Clara Coatitla, Ecatepec de Morelos,
Estado de México 55540
México
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of Colorants and Additives for Plastics
Facility: Avient Corporation - Shanghai (Xinzhuang), China
No. 88, Lane 4377 Jindu Road
Minhang District
Shanghai 201108
Facility: Avient Corporation - Shenzhen, China
No. 1, Qihang Industry Park, Haoxiang Road
Shajing Town, Baoan
Shenzhen, Guangdong Province 518104
Facility: Avient Corporation - Rania, India
Survey No.344/1-2-3
Rania Works, Sakarda Bhadarwa Road
Rania, Gujarat 391780
Facility: Avient Corporation - Riyadh, Saudi Arabia
2nd Industrial City, Al-Kharj Road
P.O.
https://www.avient.com/sites/default/files/2024-05/ISO14001 Global Cert_Avient_2024.pdf
ECert - 2024-03-22T110644.362.pdf
Page 1 of 10
Validity of this certificate is based on the successful completion of the periodic surveillance audits of the management system defined by the above scope and is contingent upon
prompt,written notification to ABS Quality Evaluations, Inc. of significant changes to the management system or components thereof.
Mariana Langiewicza 50
Lódzkie
Konstantynow 95-050
Poland
Activity: Design & Manufacture of Color, Additive Concentrate & Specialty
Activity: Design and Manufacture of Colour and Additive Concentrates,
Facility: Avient Pakistan (Private) Limited
1-A/1, Sector-20
Korangi Industrial Area
Korangi, Sindh 74900
Pakistan
Facility: Avient Corporation - Lahnstein, Germany
Hohenrhein 1
56112 Lahnstein,
Rheinland-Pfalz
Germany
Activity: Design and Manufacture of Colour and Additive Concentrates,
Activity: Design and Manufacture of colour and additive concentrates,
thermoplastic resins and specialty compounds
Facility: Avient Corporation - Esenyurt, Turkey
Orhan Gazi Mahallesi 1683 Sokak No:6
34538 Esenyurt
Istanbul
Turkey
Facility: Avient Corporation - Jurong, Singapore
No. 8 Third Chin Bee Road
Jurong Industrial Estate
Jurong 618684
Singapore
Activity: Design and Manufacture of Specialty Engineered Thermoplastics Activity: Design and Manufacture of Colorants and Additives for Plastics
Page 5 of 10
Facility: Avient Corporation - Lomagna, Italy
Via Piave 12
23871, Lomagna, Lecco
Facility: Avient Corporation - Lomas de Zamora, Argentina
AV .
De Martorell, 124
Sant Andreu, Barcelona 8740
Facility: Avient Corporation - Santa Clara, Mexico
Plásticos 28 int B102
Santa Clara Coatitla, Ecatepec de Morelos,
Estado de México 55540
México
Activity: Design and Manufacture of Colour and Additive Concentrates,
Facility: Avient Corporation - Shanghai (Xinzhuang), China
No. 88, Lane 4377 Jindu Road
Minhang District
Shanghai 201108
Facility: Avient Corporation - Shenzhen, China
No. 1, Qihang Industry Park, Haoxiang Road
Shajing Town, Baoan
Shenzhen, Guangdong Province 518104
Facility: Avient Corporation - Rania, India
Survey No.344/1-2-3
Rania Works, Sakarda Bhadarwa Road
Rania, Gujarat 391780
Facility: Avient Corporation - Riyadh, Saudi Arabia
2nd Industrial City, Al-Kharj Road
P.O.
https://www.avient.com/sites/default/files/2022-02/AVNT Q4 2021 Earnings Presentation_0.pdf
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
OUR VALUATION VERSUS PEERS
Avient Specialty
Other
5.4
8.5
10.1 10.0
15.7
15.0
14.2
12.7
10.2
25.0
19.7
17.7
13.2
12.3
10.0 9.9
8.9 8.5 8.3
6.6
01
1)
01
6)
02
1)
(T
o
da
y)
Historic Multiple
SUMMARY: WHY INVEST IN AVIENT?
Avient acquired Clariant Color on July 1, 2020 (the “Acquisition Date”).
https://www.avient.com/sites/default/files/2023-03/AVNT Q2 2022 Earnings Presentation - Website Version.pdf
Pro Forma Financial Information
Avient acquired the Clariant Color business on July 1, 2020 (the “Acquisition Date”).
EPS (ex Amort) 3.96$ 0.13$ 4.09$ (0.58)$ 3.51$
Pro Forma Leverage (12/31/2022E)
Net Debt / Adjusted EBITDA 1.6x 3.4x 2.8x
Forecast Dyneema
Forecast +
Dyneema
Sale of
Distribution
Pro Forma
2022
TWO-YEAR LEVERAGE MODEL
16
3.5x
2.7x
1.6x
2.8x
2.4x
2.0x
2019PF 2020PF 2022E 2022PF 2023E 2024E
Dyneema® AcquisitionClariant Color Acquisition
(1) Pro forma for the acquisition of the Clariant Color business
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of
Distribution, including repayment of senior notes due 2023 and Term Loan
(1) (1) (2)
OUR SPECIALTY JOURNEY CONTINUES
17
• Dyneema® brings leading technology and brand with
the World’s Strongest Fiber™, deep history of
application development and strong
management team focused on specialty
applications
• Dyneema® transaction is aligned with our previously
stated acquisition goal of expanding our composites
and fiber capabilities
• Similar to our other technology expansion
acquisitions, Dyneema® allows us to leverage our
invest-to-grow strategy
• The possible sale of our Distribution business also
presents potential benefits with respect to leverage
and EBITDA margins
46%
66%
86%
100%
0%
40%
60%
80%
100%
2005 2010 2015 2021 2022 PF
%
o
f A
dj
u
st
ed
E
B
IT
D
A
(1
)
JVs Distribution Performance Products & Solutions Specialty
(1) Adjusted EBITDA is EBITDA excluding corporate costs and special items
(2) Pro forma for the acquisition of Dyneema® and potential divestiture of Distribution
(2)
Building &
43%
14%
Telecom.
2006 2022 Pro forma
Building &
Telecom.
Annual Purchases
RAW MATERIAL AND SUPPLY CHAIN UPDATE
Based on 2021 purchases, excludes Distribution business
SEGMENT DATA
U.S. & Canada
50%
Latin America
2021 SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
19%
Building and
END MARKET REVENUE
(1) Total company sales and adjusted EBITDA of $4,819M and $581M, respectively, include intercompany sales eliminations and corporate costs
$2,402M
$409M
$919M
$164M
$1,631M
$94M
Sales EBITDA
Distribution
Specialty Engineered Materials
Color Additives and Inks
$581M$4,819M
(1)
24
34%
Building &
1% Telecommunications
C O L O R , A D D I T I V E S & I N K S
2021 REVENUE | $2 .4 BILL ION
32%
40%
Latin America
END MARKET REGION
25
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
27%
Building &
2021 REVENUE | $919 MILLION
END MARKET
55%
REGION
26
D I S T R I BU T I O N
26%
Building and
80%
3%
Latin
America
END MARKET REGION
K E Y S U P P L I ER S
2021 REVENUE | $1 .6 B ILL ION
27
TOTA L C O M PA N Y R E G I O N A L S A L E S
BY END MARKET
30%
26%Healthcare
14%
Building &
2% Energy
(16% of sales)
32%
Building &
(25% of sales)
28
19%
Building &
US &
Canada
(50% of sales)
38%
33%
Building &
LATAM
(9% of sales)
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
On December 1, 2023, Mr.
Kunkle
— 4,022(1) 321,750(1) 643,500(1) — — — — —
— 28,875(2) 231,000(2) 462,000(2) — — — — —
2/17/2023 — — — 7,083(3) 21,250(3) — 42.93 269,117
11/1/2023 — — — (4) (4) — 42.93 95,223
11/1/2023 — — — (4) (4) — 52.64 27,135
11/1/2023 — — — (4) (4) — 42.27 5,130
2/17/2023 — — — — — 6,300(6) — 270,459
11/1/2023 — — — — — (7) — 151,675
11/1/2023 — — — — — (7) — 69,605
11/1/2023 — — — — — (7) — 15,354
R.M.
Patterson was
our First PEO from January 1 - December 1.
https://www.avient.com/sites/default/files/2023-08/Maxxam BIO Bio-Based Polyolefin Formulations Product Bulletin.pdf
KEY CHARACTERISTICS
Formulated with bio-based resin and/or
10–50% filler from renewable plant sources,
Maxxam BIO formulations:
• Reduce product carbon footprint
• Achieve equivalent performance to standard
polyolefin formulations
• Provide good stiffness, durability, impact
resistance and UV stability
• Deliver good surface finish and are easy to color
• Enable customized performance characteristics
depending on application need
• Offer food contact compliance
MARKETS AND APPLICATIONS
Maxxam BIO formulations are suitable for use across
many industries and applications where traditional
polyolefin materials are used, including:
• Transportation Interior Applications -
Decorative profiles, trunk side liners, pillars,
T-cup
• Industrial - Structural parts, furniture
• Consumer - Household goods, personal care
items, packaging, office supplies, food contact
applications
• Electrical and Electronic – Housings, buttons,
junction boxes
SUSTAINABILITY BENEFITS
• Formulated with bio-based resin and/or
10–50% natural filler
• Utilize natural filler from renewable plant
sources including olive seed based powder
and cellulose fiber
• Offer a lower product carbon footprint
compared to traditional petroleum-based
feedstock
• Can be recycled at end of life
PRODUCT BULLETIN
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5036
Natural FD
Maxxam BIO
MX5200-5030
Natural FD
Maxxam BIO
MX5200-5030
Natural FD X1
Maxxam BIO
MX5200-5001
Maxxam BIO
MX5200-5033
Maxxam BIO
MX5200-5034
Maxxam BIO
MX5200-5035
Filler/Reinforcement Unfilled Unfilled Unfilled 30%
Glass Fiber
10%
20%
30%
Density
(ISO 1183) g/cm 0.90 0.90 0.90 1.12 0.96 1.03 1.12
Tensile Modulus
(ISO 527-1) @ 23°C MPa 1500 1000 1000 6400 1350 1650 2100
Tensile Stress
(ISO 527-2) @ 23°C MPa 27.0 20.0 20.0 75.0 13.0 14.0 15.0
Tensile Strain
at Break
% 5 50 50 3.0 50 37 18
Charpy Notched
(ISO 179) kJ/m 5 20 25 10 12 10 10
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5023
RS HS HI
Natural 70
Maxxam BIO
MX5200-5025
RS HS
Natural 70
Maxxam BIO
MX5200-5004
RS HS
Maxxam BIO
MX5200-5003
RS
Maxxam BIO
MX5200-5009
RS HS Natural
70
Maxxam BIO
MX5200-5024
RS HS
Maxxam BIO
MX5200-5022
RS HS
Filler/Reinforcement
15%
Olive Seed
Based
25%
Olive Seed
Based
30%
Olive Seed
10%
35%
Olive Seed
5%
15%
Olive Seed
17%
Glass Fiber/
20%
Olive Seed
20% Glass/
10%
Olive Seed
20%
Density
(ISO 1183) g/ccm 1.00 1.15 1.10 1.07 1.09 1.25 1.10
Tensile Modulus
(ISO 527-1) @ 23°C MPa 1750 2000 2700 2500 3800 3500 4100
Tensile Stress
at Break
MPa 21.0 20.0 30.0 20.0 40.0 35.0 42.0
Tensile Strain
at Break
% 24 5 3 5 3 4 2
Notched Izod
(ISO 180) kJ/m 15 7 3 2 5 15 7
MAXXAM BIO POLYOLEFINS – BIO-BASED RESIN – TECHNICAL PERFORMANCE
MAXXAM BIO POLYOLEFINS – OLIVE SEED BASED FILLER – TECHNICAL PERFORMANCE
CHARACTERISTICS UNITS
Maxxam BIO
MX5200-5029 NF HI
UV Black X1
Maxxam BIO
MX5200-5032 NFS
UV Natural
Maxxam BIO
MX5200-5020 NF/NFS
UV Natural X1
Maxxam BIO
MX5200-5016 NF
Natural
Filler/Reinforcement 10% Cellulose Fiber 20% Cellulose Fiber 30% Cellulose Fiber 40% Cellulose Fiber
Density
(ISO 1183) g/ccm 0.95 1.00 1.02 1.07
Tensile Modulus
ISO 527-1) @ 23°C MPa 1550 1750 2640 3600
Tensile Stress at Break
(ISO 527-2) @ 23°C MPa 33 30 48 55
Tensile Strain at Break
(ISO 527-2) @ 23°C % 8 12 9 4
Charpy Notched Impact
Strength (ISO 179/1eA) kJ/m2 5 6 5 5
Charpy Unnotched Impact
Strength (ISO 179/1eU) kJ/m2 33 49 38 30
MAXXAM BIO POLYOLEFINS – CELLULOSE FIBER FILLER – TECHNICAL PERFORMANCE
Copyright © 2023, Avient Corporation.
https://www.avient.com/sites/default/files/2022-08/Avient Candidates Data Privacy Notice Final - Thai.pdf
Avient Corporation
ประกาศความเป็นส่วนตวัสําหรบัผูส้มคัรงาน
เรายนิดทีีคุ่ณสนใจในการทํางานกบั Avient Avient Corporation และบรษิทัในเครอื (เรยีกรวมกนัว่า “Avient” “เรา”
“พวกเรา” หรอื “ของเรา”)
มุ่งมั่นทีจ่ะปกป้องความเป็นส่วนตวัและขอ้มูลส่วนบุคคลทีร่วบรวมจากผูส้มคัรงานผ่านขัน้ตอนการสมคัรงานทางออนไลนแ์ละชอ่งท
างอืน่ ๆ ประกาศความเป็นส่วนตวัสําหรบัผูส้มคัรงานนี ้(“ประกาศ”) ระบุวธิทีี ่Avient รวบรวม ใช ้
หรอืเปิดเผยขอ้มูลส่วนบุคคลจากผูส้มคัรงานและผูส้มคัร (เรยีกรวมกนัว่า “คุณ”) เมือ่คุณเขา้ถงึหรอืใชเ้ว็บไซตห์างานของเรา
รวมถงึ https://avient.referrals.selectminds.com/ (“เว็บไซต”์) ประกาศฉบบันีไ้ม่ครอบคลุมถงึการใชบ้รกิารของ Avient
ในฐานะผูบ้รโิภคหรอืการใชเ้ว็บไซตแ์ละแอปพลเิคชนัของบุคคลทีส่ามใด ๆ ทีคุ่ณอาจม ี
รวมถงึเว็บไซตใ์ดทีเ่ช ือ่มโยงไปยงัเว็บไซตข์องเรา สําหรบัขอ้มูลเพิม่เตมิเกีย่วกบัวธิทีี ่Avient
ประมวลผลขอ้มูลส่วนบุคคลของคุณสําหรบับรกิารเหล่านีแ้ละเว็บไซตข์องบุคคลทีส่าม โปรดเยีย่มชมคําแถลงความเป็นส่วนตวัของ
Avient Corporation ซึง่มอียู่ที ่https://www.avient.com/company/policies-and-governance/avient-
corporation-privacy-statement)
กอ่นทีคุ่ณจะดําเนินการสมคัรต่อไป เราตอ้งการทีจ่ะแจง้ใหคุ้ณทราบสัน้ ๆ
เกีย่วกบัวธิกีารทีเ่ราประมวลผลและปกป้องขอ้มูลส่วนบุคคลของคุณ
โปรดอ่านประกาศฉบบันีอ้ย่างละเอยีดถีถ่ว้น โดยการส่งใบสมคัร เรซเูม่และ/หรอื CV
ของคุณโดยใชเ้ครือ่งมอืการสมคัรออนไลนข์องเรา ขอ้มูลส่วนบุคคลของคุณจะไดร้บัการจดัการและปกป้องตามประกาศฉบบันี ้
เมือ่คุณไดส้่งใบสมคัรของคุณแลว้ คุณอาจจะเพิม่ขอ้มูลของคุณไปยงัคลงัผูส้มคัรทัว่โลกของเราได ้การทําเชน่นีจ้ะชว่ยให ้Avient
สามารถแจง้ใหคุ้ณทราบถงึตําแหน่งทีน่่าสนใจอืน่ ๆ ทีคุ่ณอาจมคีุณสมบตัเิหมาะสม
หากคุณมคีําถามใด ๆ เกีย่วกบัขอ้มูลส่วนบุคคลของคุณหรอืตอ้งการตดิต่อเราดว้ยเหตุผลอืน่ใด
โปรดใชข้อ้มูลการตดิต่อทีใ่หไ้วด้า้นล่าง
หน่วยงาน Avient ในพืน้ทีข่องเขตอํานาจศาลทีคุ่ณสมคัรงานจะทําหนา้ทีเ่ป็นผูค้วบคุมขอ้มูลเกีย่วกบัขอ้มูลส่วนบุคคลของคุณ
1.
ตดิต่อเรา
หากคุณมคีําถามใด ๆ หรอืตอ้งการใชส้ทิธิข์องคุณ คุณสามารถตดิต่อเราไดท้ี:่
The Corporate Privacy Officer
Avient Corporation
33587 Walker Road
Avon Lake, Ohio 44012
อเีมล: PRIVACY.OFFICER@AVIENT.COM
โทรศพัท:์ 1-800-901-2078
คุณยงัสามารถส่งคําถามหรอืคําขอเกีย่วกบัความเป็นส่วนตวัของคุณผ่านแบบฟอรม์ออนไลนไ์ด ้
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วนัทีม่ผีลบงัคบัใช:้ 1 สงิหาคม 2020
mailto:PRIVACY.OFFICER@AVIENT.COM
https://privacyportal.onetrust.com/webform/b25cf7b1-a93a-4d26-8c84-ceda4d0ae91b/e180cbe4-d1b9-49bd-b621-cb5f6a0f42cb
mailto:PRIVACY.OFFICER@AVIENT.COM
https://www.avient.com/sites/default/files/2020-07/avient-abac-germany-200717.pdf
Globale Richtlinie
von Avient
zur Bekämpfung von
Bestechung und
Korruption
(Anti-Bribery and Anti-Corruption, ABAC)
Veröffentlicht: 1.
Juli 2020
Inhaltsangabe
Unsere globale Richtlinie zur Bekämpfung von Bestechung und Korruption 1
Bedeutung der Compliance 1
Unsere Verantwortung 1
Was ist Bestechung?
Das Anbieten geldwerter Zuwendungen
sollte nicht mit angemessenen, begrenzten
und gesetzlich zulässigen Ausgaben für
Geschenke, Unterhaltung und andere
legitime Aktivitäten verwechselt werden, die
direkt mit der Geschäftstätigkeit von Avient
zusammenhängen. 1
1 Richten Sie sich bei der Entscheidung, ob geplante Ausgaben zulässig sind, nach dem
Abschnitt Geschenke und Bewirtung des Verhaltenskodex von Avient und nach unserer
Richtlinie zu Geschenken und Unterhaltung.