Work Here?
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
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Wellness Program
Performance Bonus
Professional Development Budget
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
Ascend Performance Materials secures $100 million loan amid financial restructuring.
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.
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
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.
Find jobs on Simplify and start your career today
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
Find jobs on Simplify and start your career today