Houston-based textiles provider Ascend Performance Materials will invest $35.2 million to expand its operations in Greenwood, creating 30 new jobs.
Located at 1515 Highway 246 South in Greenwood, Ascend plans to upgrade several lines in early 2019 to increase capacity of nylon polymer production, according to a news release.
“The polymer we make at Ascend in Greenwood forms the building blocks for things we use every day, from airbags to high-end carpet to tennis balls,” said Hal McCord, Ascend senior site director, in the release. “Thanks to the hard work of our employees and the support of leaders in Greenwood County and South Carolina, this expansion will allow us to increase our polymer production by 50 percent, creating more jobs for local residents.”
With six manufacturing plants in the Southeastern United States and Europe and more than 3,200 employees and contractors around the world, Ascend is a global leader in the production of nylon 6/6 fibers, resins, and compounds. The company supplies a wide range of industries and applications, from apparel to airbags, cable ties to circuit boards, and carpets to car parts.
Ascend was launched in 2009 when SK Capital Partners, a private investment firm focusing on the chemical industry, purchased the nylon division of Solutia Inc. The company has invested more than 50 million in its Greenwood facility since 2011, creating about 90 jobs.
“We are excited that Ascend Performance Materials is once again expanding in Greenwood County. Ascend Performance Materials has been an exemplary member of our manufacturing community for the past 58 years, and we look forward to continuing this partnership for years to come,” said Steve Brown, chairman of the Greenwood County Council, in the release.
Gov. Henry McMaster added that Ascend’s decision “to double down on its commitment to Greenwood County is proof that South Carolina’s economic development strategy is working.”
For more information, visit www.ascendmaterials.com.