#Textile chemistry

2022-03-31

Ascend agrees to acquire Formulated Polymers Ltd.

Ascend Performance Materials has reached an agreement to acquire the compounding division of Formulated Polymers Limited, a leading engineered materials manufacturer in Chennai, India. This acquisition will establish Ascend’s first manufacturing base in the subcontinent and strengthen Ascend’s global reach in the electrical and e-mobility application space.

The deal includes a world-scale manufacturing facility in Chennai as well as warehouses throughout India. Formulated Polymers, which has operated over three decades as a polyamide compounder in India, is currently a licensee of Ascend’s Starflam® flame-retardant polyamides.

“Demand for our materials in India is strong and growing,” said Phil McDivitt, Ascend’s president and CEO. “The team at Formulated Polymers has built an excellent, diversified business with a proven track record of technology development in polyamides. We are excited to build on their expertise to drive additional value-added growth in India and beyond.”

Ascend, a fully integrated producer of durable engineered materials, has grown its global production footprint with five acquisitions over the last four years, each focused on specific synergies with the company’s core business. This acquisition provides a significant growth opportunity for Ascend in India, one of the highest growth economies in the world.

“Being customer-focused is one of our values,” said John Saunders, Ascend’s vice president for Europe, the Middle East, North Africa and India. “We look forward to supporting our customers in a fast-growing market by continuing to invest in capacity, technical resources and product development to meet their needs.”

The deal is expected to close on May 1, after receiving necessary approvals. Terms of the agreement were not disclosed.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

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Indovinya advances sustainable solutions with agreement for the supply of renewable Oxygen from Air Liquide

Indovinya, the specialty chemicals and surfactants division of Indorama Ventures, has entered into an agreement with Air Liquide — a world leader in gases, technologies, and services for industry and healthcare — for the supply of renewable oxygen. The agreement represents a strategic advancement in Indovinya’s commitment to sustainability, as it increases the share of renewable raw materials in the production of ethylene oxide, one of its key products.

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EU ban on destroying unsold clothing and footwear now in force

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Eastman Naia™ brings its inside-out denim vision to Kingpins New York

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