PolyOne 2009 Annual Report
PolyOne 2009 Annual Report PolyOne 2009 Annual Report
PolyOne Corporation, with annual revenues of $2.1 billion, is a leading global provider of specialized polymer materials, services and solutions. Headquartered outside Cleveland, Ohio, U.S.A., PolyOne has operations around the world. See www.polyone.com for additional information. PolyOne is executing a transformational strategy that consists of four core components: Specialization differentiates us through value-creating offerings that extend beyond products to help customers who care about service, technology and problem solving. Globalization takes us into high-growth markets where our customers are migrating, and positions us to serve them with consistency everywhere in the world. Operational Excellence empowers us to respond to the voice of the customer with a relentless focus on continuous improvement in everything we do. Commercial Excellence governs our activities in the marketplace, where we deliver value to customers by showing them how they can increase their profits and grow. In this annual report, statements that are not reported financial results or other historical information are the “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause our actual results to differ materially from those implied by forward-looking statements are described in detail on page 2 of the Form 10-K.
The New PolyOne PolyOne launched Lean Six Sigma globally in late 2008 and by the end of 2010, more than 25 percent of our 3,900 associates around the world will have completed training, including 1 percent who will hold LSS Black Belt certifications. In January 2010, PolyOne earned the most prestigious process improvement award in the world for our customer centric Lean Six Sigma deployment. The Process Excellence Award for “Best Start-up Program” was presented during the International Quality and Productivity Center’s 11th Annual Lean Six Sigma and Process Improvement Summit. In the “Best Start-up” category, a panel of industry experts selected PolyOne based on our ability to set organizational direction, deliver business benefits, and initiate a culture change. “ To us it is much more than just an award, it’s a statement about the new PolyOne– and symbolizes how we have changed our corporate culture. We have made the voice of the customer the basis for our competitive differentiation and strategic execution, and LSS has helped in driving change and bringing rigor, discipline and accountability into our organization.” –Stephen D. Newlin
- Page 1 and 2: 2009 ANNUAL REPORT leaner. stronger
- Page 3: fortified our strategic focus and t
- Page 7 and 8: United States Securities and Exchan
- Page 9 and 10: manufacturing sites and 11 distribu
- Page 11 and 12: Vinyl is one of the most widely use
- Page 13 and 14: A number of foreign countries and d
- Page 15 and 16: We also conduct investigations and
- Page 17 and 18: and the availability and cost of cr
- Page 19 and 20: Executive officers are elected by o
- Page 21 and 22: PART II ITEM 5. MARKET FOR REGISTRA
- Page 23 and 24: on the opportunity to accelerate de
- Page 25 and 26: Results of Operations Variances—F
- Page 27 and 28: Sales and Operating Income (Loss)
- Page 29 and 30: Sales and Operating Income (Loss)
- Page 31 and 32: $5.7 million. Additionally, liquidi
- Page 33 and 34: issuing standby letters of credit a
- Page 35 and 36: Description Pension and Other Post-
- Page 37 and 38: Description Share-Based Compensatio
- Page 39 and 40: MANAGEMENT’S REPORT The managemen
- Page 41 and 42: Consolidated Statements of Operatio
- Page 43 and 44: Consolidated Statements of Cash Flo
- Page 45 and 46: Note 1 — DESCRIPTION OF BUSINESS
- Page 47 and 48: As of December 31, 2009, included i
- Page 49 and 50: derivative agreements. This new gui
- Page 51 and 52: OxyVinyls, a former 24% owned affil
- Page 53 and 54: $127.2 million and is included in a
<strong>PolyOne</strong> Corporation, with annual revenues of $2.1 billion, is a leading global provider of specialized polymer materials,<br />
services and solutions. Headquartered outside Cleveland, Ohio, U.S.A., <strong>PolyOne</strong> has operations around the world.<br />
See www.polyone.com for additional information.<br />
<strong>PolyOne</strong> is executing a transformational strategy<br />
that consists of four core components:<br />
Specialization<br />
differentiates us through value-creating offerings that extend beyond products<br />
to help customers who care about service, technology and problem solving.<br />
Globalization<br />
takes us into high-growth markets where our customers are migrating, and<br />
positions us to serve them with consistency everywhere in the world.<br />
Operational Excellence<br />
empowers us to respond to the voice of the customer with a relentless focus<br />
on continuous improvement in everything we do.<br />
Commercial Excellence<br />
governs our activities in the marketplace, where we deliver value to customers<br />
by showing them how they can increase their profits and grow.<br />
In this annual report, statements that are not reported financial results or other historical information are the “forward-looking statements” within the meaning<br />
of the Private Securities Litigation Reform Act of 1995. Factors that could cause our actual results to differ materially from those implied by forward-looking<br />
statements are described in detail on page 2 of the Form 10-K.
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