6 Feb 2014
Ascend Announces Price Increase for its Range of Vydyne® Products in Europe
HOUSTON, TEXAS - February 6, 2014 - Ascend Performance Materials Inc., a leading producer of PA66 resin and chemical intermediates, has announced a price increase for all Vydyne® products. The increase will be effective as of February 15, 2014, unless governed by other contractual arrangements.
In Europe, prices will increase as follows:
• Ascend and Vydyne® unfilled grades: €0.25/kg
• Vydyne® compounds: €0.15/kg
This price increase reflects industry-wide raw material cost increases, and while Ascend Performance Materials has been able to absorb some of the impact of these increases, this move is necessary to safeguard Ascend’s ability to meet customer needs in terms of quality, security of supply, consistency and sustainability.
Reader enquiriesAscend Performance Materials
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+1 713 315 5700
Notes for editors
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 and the European Community.
About Ascend Performance Materials Operations LLC
Ascend is a global leader in proprietary technologies that are central to the production of nylon, plastics and synthetic fibers found in thousands of commercial and industrial products, including carpet, tires and apparel, as well as agricultural products, animal feed and personal care products. The business has world scale integrated manufacturing facilities which enables it to develop new products from its core technologies, and provides flexibility to respond to the expanding needs of its customers. Ascend has sales offices throughout the world, and five manufacturing facilities in the United States. More information is available at www.ascendmaterials.com. SK Capital Partners are indirect partial owners of Ascend Performance Materials Operations LLC.
About SK Capital Partners
SK Capital Partners, led by Managing Directors Barry Siadat, Jamshid Keynejad, Jim Marden, Jack Norris, and Aaron Davenport, is a transformational private investment firm focusing on acquiring assets in which its partners have deep industry knowledge through previous investments and experience, and the ability deploy substantive operational strategies to unlock value and deliver superior returns. These industries include niche segments of the specialty materials, chemicals and healthcare sectors. More information is available at www.skcapitalpartners.com.
Forward Looking Statements
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