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    Home > Chemicals Industry > Rubber Plastic News > Ascend expands capacity to Latin America

    Ascend expands capacity to Latin America

    • Last Update: 2023-01-23
    • Source: Internet
    • Author: User
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    On December 8, Ascend announced the acquisition of a modified engineering plastics plant in Mexico to expand its global footprint and increase the production capacity of high-performance engineering materials

    The acquisition agreement covers the assets of DM Color Mexicana, a joint venture between Daiichi Chemicals and Mitsubishi Corporation, and the transaction is expected to close in the second quarter of 2022

    Phil McDivitt, Ascend Global President and CEO, said: "We will continue to invest and grow our engineered materials business, with a particular focus on regional production capabilities, and this acquisition establishes our presence in Latin America
    We are committed to serving our global customers Provide high-quality products while enhancing localized production and customer responsiveness


    As a world-renowned large-scale integrated polyamide resin and engineering plastics manufacturer, Ascend has implemented four acquisitions in Asia and Europe in the past three years, expanding its global production capacity layout

    Isaac Khalil, global senior vice president of Ascend's polyamide business, said: "We continue to invest resources to expand production capacity, develop new products, and improve technical support and service capabilities, and work with customers to innovate and achieve business growth

    Details of the deal were not disclosed

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