Ascend expands capacity to Latin America

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
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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
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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
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We are committed to serving our global customers Provide high-quality products while enhancing localized production and customer responsiveness
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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
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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
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Details of the deal were not disclosed
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