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