Ascend Performance Materials Declares Force Majeure on HMD
HOUSTON--(BUSINESS WIRE)--Jan 7, 2019--Ascend Performance Materials today announced it has declared force majeure on hexamethylene diamine (HMD).
As a result of events beyond the company’s control, manufacturing delays arose as it completed projects in December to expand both adiponitrile (ADN) and HMD. While the company’s ADN expansion is operational and meeting anticipated post-expansion rates, the HMD expansions have not yet met the company’s targeted production rates. As a result, the company must declare force majeure.
The company continues to be on force majeure for all Ascend polymers, compounds and fibers. At present, availability is reduced for all polymer products and HMD. The company will allocate existing products as prescribed in its contracts and is currently working with affected customers to minimize the impact to their respective businesses.
About Ascend Performance Materials Ascend Performance Materials is a global premium provider of high-quality plastics, fibers and chemicals and is the world’s largest integrated producer of PA66 resin. Headquartered in Houston, Texas, Ascend has nine global locations, including five fully-integrated manufacturing facilities located in the southeastern United States and an engineering plastics compounding facility in Europe, all dedicated to the innovation and safe production of nylon 6,6. With three of the world’s largest chemical processing facilities, Ascend’s materials form the building blocks for products used in everyday applications from apparel to airbags, cable ties to circuit boards and carpets to car parts. Ascend’s 2,500-person global workforce is committed to making a difference in the communities we serve and leading the development of nylon 6,6 solutions that inspire everyone, everywhere, every day.
Together, we’re making a difference. Together, we’re inspiring everyday.
More information about Ascend can be found at www.ascendmaterials.com.
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Alison Jahn, +1 713-210-9809,email@example.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Ascend Performance Materials
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PUB: 01/07/2019 03:00 PM/DISC: 01/07/2019 03:01 PM