# 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.

- Type: Acquisition
- Announced: 2020-06-16
- Where: Changshu Yushan High-tech Industrial Park, China, China
- Status: announced
- Products: polyamide 6,6 compounds, engineering plastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Ascend Performance Materials](https://endata.com/companies/26329.md) (acquirer)
- [NCM (Changshu) Co.](https://endata.com/companies/47913.md) (target)
- [Tehe Engineering Plastic (Suzhou) Co.](https://endata.com/companies/47914.md) (target)
- [NCM](https://endata.com/companies/48010.md) (target)
- [Tehe Engineering Plastic](https://endata.com/companies/48011.md) (target)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/ascend-makes-first-china-acquisition), 2020-06-16: "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."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Ascend-buys-spot-Jiangsu-China/98/i24), 2020-06-20: "Ascend says the move gives it a valuable footprint at an industrial park in Jiangsu, China, where it plans to expand nylon compounding capacity and set up an R&D center."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.