China: Engineering Ascend to Build its First Chemical Production Facility in China
Ascend has plans to develop a new hexamethylene diamine and specialty chemicals plant in Lianyungang, China which will also be the company’s first chemical production facility and the largest investment the firm has made outside the USA. The plant will produce HMD as well as specialty chemicals which will help in the technological transformations of various industries such as e-mobility and automation in the region.
Houston/USA – Ascend Performance Materials has signed an investment agreement to construct a new hexamethylene diamine and specialty chemicals plant in Lianyungang, China in the Xuwei New Area Park. The new plant will be Ascend’s first chemical production facility and the largest investment the company has made outside of the United States.
The plant will produce HMD and specialty chemicals to supply Ascend’s global polyamide production and serve its regional customers. Phil McDivitt, Ascend’s president and CEO said, “The materials we produce are helping drive technological transformations across markets, from e-mobility to automation. Our new HMD plant positions us to continue supporting these transformations well into the future.”
“China and Asia remain high-growth markets for us,” said Dr. Kevin Wu, Ascend’s senior vice president and managing director for Asia. Ascend will begin construction later this year with a plant startup targeted for the second half of 2023.
The announcement of the new site construction follows a series of acquisitions and capacity expansions to enable regional growth and continued global supply security.