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Ascend Performance Materials is pleased to announce that Patrick Schumacher has been appointed Chief Executive Officer, effective today. Patrick brings more than 25 years of global leadership experience in chemicals and industrials, with a strong track record of driving operational improvements, profitability, and transformation. Phil McDivitt will remain with Ascend as Special Advisor to the Board and CEO to support a smooth leadership transition as we complete our financial restructuring and emerge from Chapter 11. We thank Phil for his many contributions and look forward to Ascend’s next chapter under Patrick’s leadership, with a continued focus on safety, reliability, and delivering high-performance materials to our customers worldwide. Read full details at the link below. #AscendPerformanceMaterials #Leadership #ChemicalsIndustry #Transformation #Growth
We’re pleased to announce that Ascend Performance Materials reached a major milestone: the U.S. Bankruptcy Court for the Southern District of Texas has confirmed our Plan of Reorganization. In the words of the judge, "smart professionals worked together and achieved an incredible outcome" and emergence "makes sense for this company." This confirmation clears the final hurdles for Ascend to emerge from Chapter 11 — significantly deleveraged, with a stronger capital structure and renewed ability to execute on long-term growth. We have deep gratitude to our incredible employees, partners, customers and lenders. Their commitment, trust and collaboration have been vital. As we take these final steps, Ascend continues to operate as usual; delivering the high-performance, durable materials that power everyday essentials and emerging technologies. Looking ahead: we emerge with renewed purpose, stronger foundations, and a sharper focus on safety, quality and innovation. The future is bright. #Resilience #Restructuring #EngineeringMaterials #Ascend #Growth
25 years of safe operation is something to celebrate! We tip our hard hat to the team at our Chocolate Bayou, TX site – congrats and thank you for your legacy of excellence. More details at the link below. #OneAscend #safetyculture
Our compounding site in Suzhou, China just celebrated five years of safe, #CustomerFocused operations, and their achievements have been remarkable: ✅ Five consecutive years with ZERO recordable safety incidents ✅ Expanded capacity for flame-retardant and specialty polyamides ✅ Delivered Vydyne® and Starflam® products to a diverse customer base across automotive, electronics, consumer goods, and industrial sectors ✅ Achieved carbon neutrality in plant operations and supported our customers' sustainability goals Through changing market conditions, the Suzhou team has lived our Ascend values by being agile, customer-focused, and better every day. Congrats to the entire team, and thank you for serving our customers with excellence! 👏 #OneAscend
Nathan Rider and Chris Montevecchi work hard to make our Chocolate Bayou, Texas site better every day. Their teamwork and commitment make them truly deserving of Ascend's very first Living Our Values award.
We are honored to be recognized by General Motors for Supplier Quality Excellence for the sixth consecutive year. The list of those who contributed to this award-winning effort is long but our quality team leads the way, guiding many other business units including manufacturing, commercial, logistics and more. These teams exemplify our #CustomerFocused value, and recognition like this is also a perfect reminder of how we work as #OneAscend – all together, pushing toward the same goals. Thank you to each one of our team members who work hard to serve customers like GM every day. Your excellence does not go unnoticed! 👏 🏆 #BetterEveryDay #teamwork
“We’re excited to provide our high-purity acrylonitrile into new end-markets and support technologies that drive innovation and sustainability,” said Alex Mihut, vice president of performance chemicals at Ascend. “This advancement not only strengthens our product portfolio but also reinforces our commitment to delivering essential materials that meet the evolving needs of our customers and the industry.”
Our financial restructuring will help us become a stronger company for the future. We are focused on operating our sites reliably and serving our customers, and that will continue to be our mission as #OneAscend.
Less than three years since acquiring the business, our team in India is making outstanding progress in business growth and customer service. They've done it by building a strong local team, optimizing operations, and deepening customer relationships. For more on how we're growing in this exciting market, read below! #OneAscend #BetterEveryDay
We're proud to announce we earned the EcoVadis Gold Medal in December 2024, placing us in the top 5% of the over 40,000 companies assessed by EcoVadis. This prestigious recognition highlights our commitment to #sustainability across four key areas: environment, labor and human rights, ethics, and sustainable procurement. #BetterEveryDay #sustainablemanufacturing
