HOUSTON--(BUSINESS WIRE)--Ascend Performance Materials, a global leader in the production of specialty plastics, fibers and chemicals, this week marked the completion of Project Staple, a $6.2 million expansion project that added nearly 30 new jobs at the company’s plant in Greenwood, South Carolina.
Project Staple adds 24 million pounds of staple fiber production capacity and consolidates the majority of Ascend’s nylon fiber production in Greenwood. The plant will continue to produce bulked continuous filament, industrial and other fibers in addition to staple, which previously was manufactured in Pensacola, Florida, and Foley, Alabama.
At a ribbon cutting ceremony Wednesday, Ascend CEO Phil McDivitt described the site as a “fiber center of excellence,” concentrating the company’s nearly six decades of expertise in one facility.
“Project Staple brings another production line to a plant that has been making fiber for nearly 60 years,” McDivitt said.
McDivitt was joined Wednesday by many Greenwood community leaders and elected officials, including South Carolina state Sen. Floyd Nicholson; Greenwood County Manager Toby Chappell; County Council Chairman Steve Brown; Council Vice-Chairman Chuck Moates; Councilman Theo Lane; Tyler James of U.S. Rep. Jeff Duncan’s office; and Sarah Floyd of South Carolina Rep. John R. McCravy’s office. Also attending were Teresa Powers of the South Carolina Department of Commerce; Heather Simmons Jones, CEO of the Greenwood Partnership Alliance; and Angelle Laborde, President and CEO of Greenwood Chamber of Commerce.
“This expansion’s success is owed to the hard work of our employees and the support of many partners and leaders in Greenwood and across South Carolina,” McDivitt said.
Sen. Nicholson praised Ascend’s commitment to growth. “They are investing in the future to make sure we have good jobs for our community,” he said.
About Ascend Performance Materials
Ascend Performance Materials is a global premium provider of high-quality plastics, fibers and chemicals. Ascend is one of the world’s largest integrated PA66 producers, with its own in-house manufacturing facilities, ensuring total security of supply. Ascend’s product range has earned it an unequalled reputation for quality, innovative techniques and an enlightened approach to business that expands the horizons of possibility. With eight global locations and more than 2,400 people working at our sites around the world, Ascend has the inspiration, the expertise, the people and the attitude toward innovation to consistently deliver the right solution for customers.
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More information about Ascend can be found at www.ascendmaterials.com
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. The firm’s purpose is to build strong and growing businesses that create substantial long-term economic value. SK utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio companies generate revenues of approximately $8 billion annually and employ approximately 9,000 people. The firm currently manages more than $1.5 billion of committed capital. For more information, please visit www.skcapitalpartners.com.
Disclaimer:
Although the information and recommendations set forth herein (hereinafter “Information”) are presented in good faith and believed to be correct as of the date hereof, Ascend Performance Materials Operations LLC makes no representations or warranties as to the completeness or accuracy thereof. The full disclaimer of warranty and liability can be found at ascendmaterials.com/disclaimer.
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