Ascend completes purchase of plant in Chennai
PR96285
HOUSTON, June 1, 2022 /PRNewswire=KYODO JBN/ --
Ascend Performance Materials has completed its purchase of Formulated Polymers
Limited, an engineered materials producer based in Chennai, India. The
acquisition establishes Ascend's first production facility in South Asia.
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"The team at FPL has a 30-year track record of serving customers throughout the
subcontinent with high-performance compounds," said Dharm Vahalia, Ascend's
managing director for India. "We look forward to bringing them into Ascend and
broadening the portfolio available to customers in India."
Ascend's Starflam(R) flame-retardant engineered materials will continue to be
produced at the facility and the company is qualifying production of its other
materials.
"Our strategy has been to expand our manufacturing footprint and our product
portfolio in line with our customers' growth roadmaps," said Isaac Khalil,
senior vice president for polyamides at Ascend. "South Asia is a vital part of
that growth."
Details of the deal were not disclosed.
About Ascend Performance Materials
Ascend Performance Materials makes high-performance materials for everyday
essentials and new technologies. Our focus is on improving quality of life and
inspiring a better tomorrow through innovation. Based in Houston, Texas, and
with regional offices in Shanghai, Brussels and Detroit, we are a fully
integrated material solutions provider with global manufacturing facilities in
North America, Europe and China. Our 2,800-person global workforce makes the
plastics, fabrics, fibers and chemicals used to make safer vehicles, cleaner
energy, better medical devices, smarter appliances and longer-lasting apparel
and consumer goods. We are committed to safety, sustainability and the success
of our customers and our communities.
Learn more about Ascend at www.ascendmaterials.com.
Contact: Ally Jahn, +1 713-210-9809, ajahn@ascendmaterials.com
SOURCE: Ascend Performance Materials
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