1 Jun 2018
Ascend to grow adiponitrile (ADN) capacity by 220 kilotons by 2022
HOUSTON – June 01, 2018 – Ascend Performance Materials, the world’s largest fully integrated producer of nylon 6,6 resin, today announced plans for expanding its AND capacity through 2022. In total, Ascend will grow its ADN capacity by 220 kilotons (KT) by 2022 to meet increasing demand.
Ascend completed its first expansion of 50KT at the end of 2017. An additional 40KT expansion will be completed by the end of 2018, with plans for an additional 180KT to be realized by 2022.
“We are committed to supporting the growth of the nylon 6,6 chain, globally,” said Phil McDivitt, Ascend’s president and CEO. “We have a proven track record of consistently increasing capacity throughout the chain as demand increased. With our latest fifth generation ADN technology, we are able to add capacity without extensive down time.”
The company did not disclose the amount of capital investment related to the expanded production capacity.
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About Ascend Performance Materials
Ascend Performance Materials is a global premium provider of high-quality plastics, fibers and chemicals. Ascend is one of the world’s largest integrated PA66 producers, with its own in-house manufacturing facilities, ensuring total security of supply. Ascend’s product range has earned it an unequalled reputation for quality, innovative techniques and an enlightened approach to business that expands the horizons of possibility. With eight global locations and more than 2,400 people working at our sites around the world, Ascend has the inspiration, the expertise, the people and the attitude toward innovation to consistently deliver the right solution for customers.
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More information about Ascend can be found at www.ascendmaterials.com.
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. The firm’s purpose is to build strong and growing businesses that create substantial long-term economic value. SK utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio companies generate revenues of approximately $8 billion annually and employ approximately 9,000 people. The firm currently manages more than $1.5 billion of committed capital. For more information, please visit www.skcapitalpartners.com.
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