https://www.avient.com/knowledge-base/case-study/enabling-recyclability-dairy-packaging?rtype[]=1124
As with most industries, sustainability is consistently taking the mainstage for food and beverage packaging companies, and encouraging responsible business goals.
https://www.avient.com/knowledge-base/case-study/enabling-recyclability-dairy-packaging?ind[]=6599
As with most industries, sustainability is consistently taking the mainstage for food and beverage packaging companies, and encouraging responsible business goals.
https://www.avient.com/knowledge-base/case-study/enabling-recyclability-dairy-packaging?sust[]=1137
As with most industries, sustainability is consistently taking the mainstage for food and beverage packaging companies, and encouraging responsible business goals.
https://www.avient.com/knowledge-base/case-study/enabling-recyclability-dairy-packaging?psfam[]=10814
As with most industries, sustainability is consistently taking the mainstage for food and beverage packaging companies, and encouraging responsible business goals.
https://www.avient.com/knowledge-base/article/tote-maker-differentiates-impact-modification?ind[]=6596
Making large, clear storage totes may seem like a simple enough business.
https://www.avient.com/knowledge-base/article/tote-maker-differentiates-impact-modification
Making large, clear storage totes may seem like a simple enough business.
https://www.avient.com/company/sustainability/sustainability-report/products/amplifying-innovation-sustainable-world
Avient’s diverse technology portfolio and design expertise enables our customers to meet their business and sustainability goals through materials science.
https://www.avient.com/news/avient-showcase-sustainable-textile-innovations-yarn-expo-autumn-shanghai
Eco Pure® Biodegradation Accelerator: an additive that accelerates the natural biodegradation of commodity types of plastic to meet the US Food and Drug Administration (FDA) and European Union (EU) Food Contact Safety Regulations.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Operational%2520Excellence.pdf
Kedrowski Page 38 Operational Excellence • Operational Excellence is a never-ending quest for improvement in response to the voice of our customers and shareholders • It is all about strengthening our capabilities to deliver value flawlessly to our customers deliver value flawlessly to our customers • It challenges us to enhance our productivity, profitability, and efficiency in all phases of our business, from safety to quality to waste elimination to environmental stewardship Page 39 Lean Six Sigma Initiative • In 2009, Lean Six Sigma was launched to improve execution skills across all businesses, functions, and global regions • A company-wide diagnostic was conducted, resulting in identification of six conducted, resulting in identification of six strategic improvement platforms • Financial targets were estimated, resources identified and trained results delivered , Page 40 PolyOne OSHA Recordable Incidence Rate 4 5 6 5.1 Safety Performance *Rubber And Plastics Manufacturing Industry (2010 Bureau of Labor Statistics). 0 1 2 3 2005 2006 2007 2008 2009 2010 2011 Industry Average 1.4 1.3 1.1 1.1 0.85 0.65 0.57 Page 41 • Exemplary on-time delivery • Best-in-class working capital % of sales 81% 87% 88% 95% 93% 92% 94% 2005 2006 2007 2008 2009 2010 2011 On-Time Delivery* Lean Six Sigma Delivering Results • Approximately $200M in cash driven by working capital improvements 16.2% 14.4% 18.9% 11.7% 9.6% 9.6% 2006 2007 2008 2009 2010 2011 WC % of Sales 2005 2006 2007 2008 2009 2010 2011 *As measured to customer request date Page 42 40.0% Percent of Associates Trained in LSS World’s Best Start-up Program in 2009* World’s Best Business Process Excellence Program in 2012* Award-Winning Lean Six Sigma Program *Both awards received from International Quality and Productivity Center 16.5% 40.0% 2009 2011 Page 43 • Globally leverage strategic supplier management best practices • Implement world class demand management processes Critical Imperatives • Improve operational reliability and efficiencies • Optimize global freight management Drive 50 – 100 basis points of gross margin expansion per year Page 44 Page 45
https://www.avient.com/sites/default/files/2023-02/AVNT Q4 2022 Earnings Press Release-1.pdf
We bolstered our composites business with the acquisition of APM and divested our Distribution segment.
This business is referred to as Avient Protective Materials “APM”.
Management believes this provides better comparability of the performance of the combined businesses.