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    Home > Chemicals Industry > International Chemical > The pace of investment and acquisitions in China will not stop - Ascend China executives talk about development strategies

    The pace of investment and acquisitions in China will not stop - Ascend China executives talk about development strategies

    • Last Update: 2022-03-05
    • Source: Internet
    • Author: User
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    A few days ago, Ascend Functional Materials Co.
    , Ltd.
    formally signed an investment agreement in the production base of Lianyungang, Jiangsu, which attracted widespread attention in the industry
    .


    At the media communication meeting, Dr.


    Continue to increase investment in China

    Continue to increase investment in China Continue to increase investment in China

    Dr.
    Wu Xianliang introduced that, as a world-renowned large-scale integrated polyamide 66 (PA66) product series manufacturer, Ascend has 9 production bases in the United States, Europe and China, mainly producing high-quality plastics, fabrics, fibers and chemicals , serving a wide range of customers, helping them produce safer vehicles, cleaner energy, better medical devices, smarter electrical equipment, and more durable clothing and consumer products
    .

    Since Ascend announced its first acquisition in Tilburg, the Netherlands in 2018, the company has successively implemented several acquisitions in Mozarté, Italy, Suzhou, China and Fossay, France.
    The acquisition in Mexico will also be completed within the year, expanding the The company's global presence
    .


    Regarding the Chinese market, Dr.


    "China is the world's largest market and the fastest growing market.
    For Ascend to develop, it must come to China
    .


    " Dr.


      Continue to promote localization strategy

    Continue to promote localization strategy Continue to promote localization strategy

      Dr.
    Wu Xianliang introduced that Ascend's new production base in Xuwei New District, Lianyungang City mainly produces hexamethylenediamine and specialty chemicals
    .


    This project is another key project following a series of acquisitions and capacity investments by Ascend


      Dr.
    Wu Xianliang said: "Since Ascend implemented the acquisition in China in 2020, established the Suzhou production base, and officially began to implement the localization strategy in China
    .


    Ascend has successfully achieved localized production of Starflam flame retardant engineering plastics in Suzhou, and the first batch of products For Starflam AFR200Y NT, the localized production and development of a full range of products will be gradually promoted in the future


      "The establishment of the innovation center is another important milestone in the process of localization of Ascend's strategic development in Asia
    .


    Relying on the innovation center, we can be closer to customers, so as to respond to customer needs better and faster, and meet the growing demand in China and Asia.


      Continue to help customers and communities grow

    Continue to support customer and community development Continue to support customer and community development

      Ascend predicts that in the next few years, the PA66 market will experience a blowout growth, and the demand will increase substantially
    .


    Facing the entry of more hexamethylenediamine manufacturers, Dr.


      In this emerging market, Ascend's purpose is to help customers and communities succeed
    .


    Jiang Zheng said that in the face of the severe impact of the new crown pneumonia epidemic, in North America and Europe facing the shortage of glass fiber raw materials and the extremely unstable ocean logistics situation, Ascend, according to customer needs, adheres to the global unified product quality standards, and transfers more products.


      Regarding the safety and environmental protection needs of the Chinese market, Dr.
    Wu Xianliang emphasized that Ascend has always been committed to being at the forefront of carbon emissions per unit product.
    At present, the company has excess carbon emissions indicators in the United States.
    At the same time, the company is committed to safe operation.
    , sustainable development, and help customers and communities to succeed by leading the innovation of PA66 solutions
    .


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