AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Ascend Performance Materials Extends Force Majeure on HMD, Polymers

February 27, 2019

HOUSTON--(BUSINESS WIRE)--Feb 27, 2019--Ascend Performance Materials today announced it has extended force majeure on hexamethylene diamine (HMD) and all polymers, compounds and fibers.

Persistent fog followed by historic rainfall and flooding in the Tennessee River Valley restricted transportation along the Tennessee-Tombigbee Waterway. The U.S. Army Corps of Engineers has closed locks along the waterway, thereby cutting off supply of a crucial raw material to an Ascend manufacturing facility.

Ascend is exploring other options for procuring the necessary raw materials. The company will allocate existing products as prescribed in its contracts and is 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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190227006016/en/

Nicki Britton, +1 713-315-5891,nbritt@ascendmaterials.com

KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE TEXAS

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING

SOURCE: Ascend Performance Materials

Copyright Business Wire 2019.

PUB: 02/27/2019 05:12 PM/DISC: 02/27/2019 05:12 PM

http://www.businesswire.com/news/home/20190227006016/en