Ascend Performance Materials acquires NCM Changshu and Tehe Engineering Plastic in China

Ascend Performance Materials signed an agreement to buy the assets of NCM (Changshu) Co. and Tehe Engineering Plastic (Suzhou) Co., marking its first acquisition in China. The sites are in Changshu Yushan High-tech Industrial Park, and Ascend plans to expand compounding and establish a global R&D center.

“US-based polyamide 6,6 producer Ascend Performance Materials has signed an agreement to buy the assets of NCM (Changshu) Co. and Tehe Engineering Plastic (Suzhou) Co., marking its first acquisition in China and providing a footprint for growth.”chemanager-online.com

• 2 sources
• chemanager-online.comAscend Makes First China Acquisition • CHEManager is the market-leading medium for the management of the chemical and pharmaceutical industryJun 16, 2020
• cen.acs.orgAscend buys into a spot in Jiangsu, ChinaCraig BettenhausenJun 20, 2020

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