Ascend Performance Materials

Ascend Performance Materials

About Ascend Performance Materials

Simplify's Rating
Why Ascend Performance Materials is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Healthcare

Consumer Goods

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Houston, Texas

Founded

2009

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for sustainable materials boosts Ascend's Bioserve portfolio.
  • The global nylon 6,6 market is expected to grow at a 3.5% CAGR until 2028.
  • Reshoring manufacturing in the U.S. could benefit Ascend's domestic operations.

What critics are saying

  • Chapter 11 bankruptcy may lead to loss of customer trust and stability concerns.
  • Closure of Greenwood County plant may disrupt operations and affect production timelines.
  • Financial strain from additional loans may increase debt burden and affect flexibility.

What makes Ascend Performance Materials unique

  • Ascend produces bio-circular performance chemicals with a 25% lower carbon footprint.
  • The company is a leading producer of high-performance materials for everyday essentials.
  • Ascend's Bioserve portfolio uses feedstocks derived from used cooking oil.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Wellness Program

Performance Bonus

Professional Development Budget

Company News

PR Newswire
Apr 21st, 2025
Ascend Performance Materials Takes Steps To Strengthen Balance Sheet And Position The Company For A Stronger Future

Initiates restructuring process with support from existing lenders to strengthen balance sheet and improve financial foundationObtains commitment for $250 million in financingContinues to operate as usual and provide high-performance materials to customers; shipments and product delivery to continue in normal courseHOUSTON, April 21, 2025 /PRNewswire/ -- Ascend Performance Materials ("Ascend" or the "Company"), a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, announced today that, with the support of its key stakeholders, it has initiated Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. The Chapter 11 process will enable Ascend to deleverage its balance sheet and continue providing best-in-class materials to nearly 1,650 customers globally. Ascend's subsidiaries that are located outside of the U.S. are not included in the Chapter 11 filings.With the support of its lenders, Ascend will use the Chapter 11 process to pursue a value-maximizing restructuring transaction that will enable the Company to emerge from Chapter 11 as a healthy, well-capitalized business. The Company will operate as usual throughout the Chapter 11 process and will continue to manufacture and produce high-performance materials that improve the quality of life today and inspire a better tomorrow

IndexBox
Mar 8th, 2025
Ascend Performance Materials Secures $100 Million Loan Amid Financial Restructuring

Ascend Performance Materials secures $100 million loan amid financial restructuring.

Ecoustics
Jan 6th, 2025
XGIMI's Ascend 2-in-1 ALR Screen/Soundbar Offers a Great Solution for UST Projectors: CES 2025

From Apollo Zhong, CEO of XGIMI; "We're thrilled to introduce Ascend at CES 2025 and showcase our latest technological explorations,...Ascend is a symbol of our dedication to continuous innovation in home entertainment and a testament to our drive to provide users with powerful, elegant solutions that enhance their everyday lives.

PR Newswire
Dec 17th, 2024
Ascend Produces Bio-Circular Performance Chemicals, Pa66

HOUSTON, Dec. 17, 2024 /PRNewswire/ -- Ascend Performance Materials announced today the successful production of acrylonitrile, hexamethylene diamine, adipic acid and nylon 6,6 from feedstocks derived from used cooking oil, expanding its Bioserve portfolio. The resulting nylon 6,6 has a 25% lower product carbon footprint than nylon 6,6 made from fossil-fuel derived feedstock

Index Journal
Oct 16th, 2024
Ascend to close Greenwood County plant in February

Shifts made in JanuaryOn Jan. 16, Ascend announced plans to close its industrial fiber spinning operation in the Greenwood County plant and its engineered materials compounding site in Tilburg, Netherlands.

Recently Posted Jobs

Sign up to get curated job recommendations

Ascend Performance Materials is Hiring for 52 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Ascend Performance Materials 's jobs every few hours, so check again soon! Browse all jobs →