Feb 27, 2018   SOURCE: BusinessWire

Ascend to Lift Force Majeure on HMD Production

Ascend Performance Materials, the world’s largest fully integrated producer of nylon 6,6 resin, announced today it will lift the force majeure declared in January on production of hexamethylenediamine, or HMD, at its Decatur, Alabama, facility effective March 1, 2018. The company was forced to reduce production due to a severe cold weather system that impacted much of the southeastern United States.

Ascend is committed to being the most reliable supplier of HMD and adiponitrile, also known as ADN, in the world. The company is on track to complete its previously announced capacity expansion efforts by the end of year.

About Ascend Performance Materials

Ascend Performance Materials is a global premium provider of high-quality plastics, fibers and chemicals and is the world’s largest integrated producer of PA66 resin. Headquartered in Houston, Texas, Ascend has eight global locations, including five fully-integrated manufacturing facilities located in the southeastern United States, all dedicated to the innovation and safe production of nylon 6,6. With three of the world’s largest chemical processing facilities, Ascend’s materials form the building blocks for products used in everyday applications from apparel to airbags, cable ties to circuit boards and carpets to car parts. Ascend’s 2,400-person global workforce is committed to making a difference in the communities we serve and leading the development of nylon 6,6 solutions that inspire everyone, everywhere, every day.

Together, we’re making a difference.
Together, we’re inspiring everyday.

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 $5 billion annually and employ approximately 8,700 people. The firm currently manages more than $1.9 billion of committed capital. For more information, please visit www.skcapitalpartners.com.

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