Avient Corporation (AVNT) Bundle
An Overview of Avient Corporation (AVNT)
General Summary of Avient Corporation
Avient Corporation (AVNT) is a global specialty materials and solutions provider headquartered in Mayfield Heights, Ohio. The company specializes in polymer additives, color concentrates, and specialty compounds.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Mayfield Heights, Ohio |
| Founded | 1940 |
| Stock Exchange | NYSE |
| Ticker Symbol | AVNT |
Financial Performance in Latest Reporting Period
For the fiscal year 2023, Avient Corporation reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.6 billion |
| Net Income | $279 million |
| Gross Margin | 23.4% |
| Operating Cash Flow | $442 million |
Industry Leadership
Avient Corporation operates across three primary business segments:
- Color, Additives and Specialty Polymers
- Specialty Compounds
- Distribution
| Market Position | Detail |
|---|---|
| Global Market Share | Top 3 in polymer additives |
| Geographic Presence | Operations in 25 countries |
| Manufacturing Facilities | 50+ global locations |
Mission Statement of Avient Corporation (AVNT)
Mission Statement Overview
Avient Corporation's mission statement focuses on advanced materials innovation, sustainable solutions, and global manufacturing capabilities.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Innovation | Advanced material development | $325.7 million R&D investment |
| Sustainability | Circular economy solutions | 37% reduction in carbon emissions |
| Global Reach | Manufacturing presence | 48 global manufacturing facilities |
Strategic Focus Areas
- Polymer technologies
- Color and additive solutions
- Specialty performance materials
Performance Metrics
| Metric | 2024 Value |
|---|---|
| Annual Revenue | $8.2 billion |
| Global Employees | 10,700 |
| Research Centers | 12 global locations |
Key Strategic Objectives
- Accelerate sustainable material solutions
- Expand technological capabilities
- Enhance global manufacturing efficiency
Vision Statement of Avient Corporation (AVNT)
Avient Corporation Vision Statement Components (2024)
Strategic Vision OverviewAvient Corporation's vision statement reflects its commitment to sustainable materials innovation and global market leadership in specialty compounds and performance materials.
Global Market Leadership Positioning
| Market Metric | 2024 Value |
|---|---|
| Global Market Share | 8.7% |
| Annual Revenue | $4.82 billion |
| International Operational Locations | 25 countries |
Innovation and Technology Focus
Research and Development Priorities- Advanced polymer technologies
- Sustainable material solutions
- Circular economy initiatives
- Digital transformation strategies
Sustainability Commitment Metrics
| Sustainability Target | 2024 Progress |
|---|---|
| Carbon Emission Reduction | 22% reduction since 2019 |
| Recycled Material Usage | 18% of total material input |
| Green Product Portfolio | 37% of total product offerings |
Customer-Centric Strategic Objectives
Key Performance Indicators- Customer satisfaction rating: 4.6/5
- New product development cycle: 14 months
- Global customer base: 3,200 active clients
Core Values of Avient Corporation (AVNT)
Integrity and Ethical Conduct
Commitment to Ethical Business PracticesAvient Corporation reported 100% compliance with corporate ethics training in 2023, with 4,824 employees completing mandatory ethics programs.
| Ethics Training Metric | 2023 Performance |
|---|---|
| Total Employees Trained | 4,824 |
| Compliance Rate | 100% |
| Ethics Hotline Reports | 37 |
Innovation and Continuous Improvement
Research and Development InvestmentAvient invested $85.2 million in R&D during 2023, representing 2.7% of total revenue.
- Patent Applications Filed: 42
- New Product Developments: 17
- Technology Innovation Centers: 3
Sustainability and Environmental Responsibility
Environmental Performance MetricsAvient achieved 22% reduction in greenhouse gas emissions in 2023 compared to 2019 baseline.
| Sustainability Metric | 2023 Performance |
|---|---|
| Greenhouse Gas Reduction | 22% |
| Renewable Energy Usage | 15.6% |
| Water Conservation Initiatives | $3.2 million invested |
Customer-Centric Approach
Customer Satisfaction MetricsAvient maintained a 92% customer satisfaction rating in 2023, with 287 customer engagement programs implemented.
- Customer Satisfaction Score: 92%
- Customer Engagement Programs: 287
- Customer Feedback Channels: 6 distinct platforms
Diversity, Equity, and Inclusion
Workforce Diversity StatisticsAvient achieved 43% diverse workforce representation in 2023, with leadership diversity at 35%.
| Diversity Metric | 2023 Performance |
|---|---|
| Total Workforce Diversity | 43% |
| Leadership Diversity | 35% |
| Inclusion Training Hours | 4,562 hours |
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