Ascend Performance Materials Announces Price Increase for Intermediate Materials

HOUSTON--()--Ascend Performance Materials announced today a price increase for a number of its intermediate materials, including acrylonitrile, hexamethylene diamine, adiponitrile and adipic acid. The price increase is due to the rise in raw material costs that are currently affecting Ascend’s business, according to John Ferguson, Ascend’s Global Business Director Intermediate Materials.

The price increase takes effect September 15, or as contracts allow, and includes the following materials and terms:

             
Material     Price Increase     Terms
Acrylonitrile (AN)     $0.13/lb    
  • As contracts allow
  • Non-contract business – price determined on an order-by-order basis
Hexamethylene Diamine (HMD)     $0.14/lb    
  • As contracts allow
  • Non-contract business – price determined on an order-by-order basis
Adiponitrile (ADN)     $0.14/lb    
  • As contracts allow
  • Non-contract business – price determined on an order-by-order basis
Adipic Acid (AA)     $0.03/lb    
  • As contracts allow
  • Non-contract business – price determined on an order-by-order basis
 

Customers should contact their local sales representative for additional information.

 

NOTE TO EDITORS: ASCEND PERFORMANCE MATERIALS is a trademark of Ascend Performance Materials Operations LLC. This trademark has been registered in jurisdictions throughout the world, including the United States of America.

About Ascend Performance Materials

Ascend Performance Materials is a global premium provider of high-quality chemicals, fibers and plastics. 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 3,200 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.

Together, we’re making a difference.
Together, we’re inspiring everyday.

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.

Contacts

Ascend Performance Materials
Alison Jahn, +1 713-210-9809
ajahn@ascendmaterials.com

Release Summary

Ascend Performance Materials announced today a price increase for a number of its intermediate materials, including acrylonitrile, hexamethylene diamine, adiponitrile and adipic acid.

Contacts

Ascend Performance Materials
Alison Jahn, +1 713-210-9809
ajahn@ascendmaterials.com