Ascend Performance Materials announced the successful acquisition of Eurostar Engineering Plastics on January 5, 2021. The company is a French manufacturer of engineering plastics, especially in high-performance flame retardant specifications and halogen-free formulations. rich specialized knowledge.
Mr. John Saunders, head of Ascend Europe, said: “Eurostar’s experience in polyamide engineering plastics fits very well with our own product portfolio and production capacity. In particular, the Starflam® product series can help customers in clean energy, transportation, smart Explore more applications in fields such as equipment."
Last year, Ascend acquired Poliblend and Esseti Plast in Italy and a modified engineering plastics factory in China.
Ascend Global President and CEO Phil McDivitt pointed out: “We practice the company’s strategic plan and are committed to developing in a more global and diversified direction, and becoming a trusted supplier to global customers. Despite this The year was full of challenges, but we still focus on providing customers with the solutions and support they need to help them achieve sustainable business growth."
Ascend is a world-renowned large-scale integrated PA66 product series manufacturer. With this acquisition, the company will obtain a more complete portfolio of high-performance engineering plastics, especially UL certified flame retardant specifications, water contact, thermal conductivity, and high temperature specifications Wait. These materials will play an important role in the fields of new energy vehicles, smart devices, industrial automation and consumer electronics.
Mr. Steve Manning, Senior Director of Ascend's Engineering Plastics Division, said: "Combining our existing product portfolio and application development capabilities with Eurostar's product portfolio will be even more powerful. Our customers will be able to obtain more abundant products and solutions. , To help them produce safer and more reliable components to cope with the harsher working environment of high temperature and high voltage loads. The demand for high-performance materials in various industries is increasing. Ascend and Eurostar can not only meet the current Various technical requirements and advanced application development capabilities will meet more development needs in the future."
Mr. Yuan Jun, Head of Engineering Plastics Business of Ascend Asia Pacific, said: "We are gradually producing Eurostar's high-performance engineering plastics at the Ascend Suzhou Modification Plant, which was put into production last year, to meet and quickly respond to local Asian customers and global customers. Continuously increasing demand in Asia."
Ascend Global Vice President and Managing Director of Asia Pacific, Dr. Wu Xianliang has repeatedly emphasized: “Asia will be an important driving force for Ascend`s future growth, accounting for more than one-third of Ascend’s global business. We will be in the next three to five years. During the year, we will continue to expand investment in production and research and development to promote the vigorous development of the Asian market."