Ascend to increase capacity of Nylon 6,6 building blocks, polymers by 10 to 15 percent
Performance Materials plans to increase production capacity across its intermediate chemicals and polymers portfolio by 10 to 15 percent to support the continued growth of its customers.
“The global demand for nylon 6,6 and our intermediate chemicals continues to grow at 3 to 4 percent per year in a range of diverse applications,” said Phil McDivitt, Ascend’s President and CEO. “Ascend has cost effective expansion opportunities that allow us to bring additional capacity online as the market needs it.”
Ascend will increase capacity of adiponitrile (ADN), hexamethylene diamine (HMD), adipic acid and polymers through 2018. Ascend’s unique production process allows for quick capacity additions with high capital efficiency and without disruption to operations.