16 Oct 2013
Ascend announces launch of new compounding operations in Pensacola, Florida
Hall 07.1 Booth B35
K 2013, October 16-23, 2013
HOUSTON, TEXAS - October 16, 2013 - At K 2013, Ascend Performance Materials Inc., a leading producer of PA66 resin and chemical intermediates, is announcing the start of a new compounding line in Pensacola, Florida.
Ascend produces PA66 resin in Pensacola, Florida, and in Greenwood, SC. Since 2005, Ascend has more than doubled its resin capacity, primarily in Pensacola, Florida making it one of the largest PA66 resin producers in the world. In recent years, Ascend has also invested capital and resources to expand production of Vydyne® compounds.
In 2013, Ascend added a world-scale compounding line (30kmt/yr) in Pensacola, Florida. The new line adds state-of-art capabilities for producing unique, high-performance compounds. Ascend believes that the new asset in Pensacola is a key step in implementing its global compounding strategy:
1. Quality: innovative approach to deliver class-leading consistency, cleanliness, and performance
2. Reliability: offer a highly-reliable global network of compounding assets and logistics to ensure uninterrupted supply
3. Scale: develop scale through integration with PA66 resin production site
4. Geography: integrate ‘compounding center of excellence’ with its resin and R&D assets in southeastern US; customers in EMEA and Asia who prefer local manufacturing would benefit from Ascend’s strategic compounding partnerships in those regions
State-of-the-art compounding technology on the new Pensacola line is producing material with significantly improved consistency in viscosity and mechanical properties. In addition, parts molded from these compounds are yielding 50-75% less mold-deposits (also called as ‘plate-out’), offering significant process and design benefits in high-volume applications with intricate part geometries.
“Ascend is proud to add new and innovative compounding capability that will bring significant product and process advantages to our customers,” said Scott Rook, Vice President & General Manager for the Engineering Plastics business at Ascend Performance Materials. “At K 2013, we’re looking forward to engaging our customers on new application possibilities with our improved Vydyne® compounds.”
For more information, meet the Ascend team at Booth B35 Hall 07.1 or visit www.ascendmaterials.com.
Reader enquiriesAscend Performance Materials
JP Morgan Chase Tower
1010 Travis Street, Suite 900
Houston, TX 77002
+1 713 315 5700
Notes for editors
ASCEND PERFORMANCE MATERIALS is a trademark of Ascend Performance Materials Operations LLC. This trademark has been registered in jurisdictions throughout the world, including the United States of America and the European Community.
About Ascend Performance Materials Operations LLC
Ascend is a global leader in proprietary technologies that are central to the production of nylon, plastics and synthetic fibers found in thousands of commercial and industrial products, including carpet, tires and apparel, as well as agricultural products, animal feed and personal care products. The business has world scale integrated manufacturing facilities which enables it to develop new products from its core technologies, and provides flexibility to respond to the expanding needs of its customers. Ascend has sales offices throughout the world, and five manufacturing facilities in the United States. More information is available at www.ascendmaterials.com. SK Capital Partners are indirect partial owners of Ascend Performance Materials Operations LLC.
About SK Capital Partners
SK Capital Partners, led by Managing Directors Barry Siadat, Jamshid Keynejad, Jim Marden, Jack Norris, and Aaron Davenport, is a transformational private investment firm focusing on acquiring assets in which its partners have deep industry knowledge through previous investments and experience, and the ability deploy substantive operational strategies to unlock value and deliver superior returns. These industries include niche segments of the specialty materials, chemicals and healthcare sectors. More information is available at www.skcapitalpartners.com.
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “estimates” or “anticipates,” or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management’s current expectations and assumptions about the industries in which Ascend operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statement. Ascend disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Source: Ascend Performance Materials Operations LLC, Houston