May 31, 2018
Ascend Performance Materials, the world’s largest fully integrated producer of nylon 6,6 resin, today announced plans for expanding its ADN capacity through 2022. In total, Ascend will grow its ADN capacity by 220 kilotons (KT) by 2022 to meet increasing demand.
Ascend completed its first expansion of 50KT at the end of 2017. An additional 40KT expansion will be completed by the end of 2018, with plans for an additional 180KT to be realized by 2022.
“We are committed to supporting the growth of the nylon 6,6 chain, globally,” said Phil McDivitt, Ascend’s president and CEO. “We have a proven track record of consistently increasing capacity throughout the chain as demand increased. With our latest fifth generation ADN technology, we are able to add capacity without extensive down time.”
The company did not disclose the amount of capital investment related to the expanded production capacity.