Houston-based Ascend Performance Materials LLC — a manufacturer of nylon and other man-made fibers
for applications such as carpet, apparel and tires; as well as personal care and agricultural
products, and animal feed — will invest $3.25 million to expand its Greenwood, S.C., operations,
with the expectation of adding 32 jobs over three years.
The company is adding capacity to meet market demand and expects to complete the expansion by
March 2011. The Greenwood plant produces nylon industrial fiber for airbags, tire cord and military
products, among other applications.
“Our Greenwood facility plays an important role in our company’s production of nylon fiber,
and this expansion will help us grow our market share,” said Larry Hammond, plant manager, Ascend
Performance Materials. Ascend Performance Materials celebrated its first year in business this past
June. The company was formed on June 1, 2009, when New York City-based private equity firm SK
Capital Partners II LP completed the acquisition of St. Louis-based Solutia Inc’s nylon business
(See ”
Solutia
Completes Sale of Nylon Business, Company Renamed Ascend,” June 2, 2009).
November 23, 2010
