In Chennai, Ascend has completed the purchase of a plant

inchennai ascend

Ascend’s Dharm Vahalia, managing director for India, and Mark Power, strategy and growth director, cut the ribbon on the company’s purchase in Chennai, India.

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Swiftnlift Media 

May 31, 2022, 21:00 ET

India, May 31, 2022 /SwiftnliftPR/ –Formulated Polymers Limited, an engineered materials manufacturer situated in Chennai, India, has been purchased by Ascend Performance Materials. Ascend’s first production plant in South Asia will be established as a result of this acquisition.

“The team at FPL has a 30-year track record of providing high-performance compounds to customers across the subcontinent,” said Dharm Vahalia, Ascend’s managing director for India. “We’re excited to welcome them to Ascend and expand the variety of services accessible to consumers in India.”

Ascend’s Dharm Vahalia, managing director for India, and Mark Power, strategy and growth director, cut the ribbon on the company’s purchase in Chennai, India.

The factory will continue to create Ascend’s Starflam® flame-retardant engineered materials, and the company is preparing to start producing its other products.

Ascend’s senior vice president for polyamides, Isaac Khalil, explained, “Our approach has been to increase our manufacturing footprint and product offering in step with our customers’ growth roadmaps.” “South Asia is a critical component of that expansion.”

Details of the deal were not disclosed.

About Ascend Performance Materials

 Ascend Performance Materials makes high-performance materials for everyday essentials and new technologies. Our focus is on improving quality of life and inspiring a better tomorrow through innovation. Based in Houston, Texas, and with regional offices in Shanghai, Brussels and Detroit, we are a fully integrated material solutions provider with global manufacturing facilities in North America, Europe and China. Our 2,800-person global workforce makes the plastics, fabrics, fibers and chemicals used to make safer vehicles, cleaner energy, better medical devices, smarter appliances and longer-lasting apparel and consumer goods. We are committed to safety, sustainability and the success of our customers and our communities.

Learn more about Ascend at www.ascendmaterials.com.

Contact: Ally Jahn, +1 713-210-9809, ajahn@ascendmaterials.com

SOURCE Ascend Performance Materials

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