Under the agreement, Ascend will become the strategic suppliers to DSM for PA66 base-polymers used as raw material for Akulon PA66 compounds for engineering plastics applications.
In addition, DSM will distribute Ascend’s portfolio of PA66 compounds sold under the brand name Vydyne.
Roelef Westerbeek, President of DSM Engineering Plastics, said: “Our alliance combines the best of both companies; high quality products with security of supply and excellent application support when and where it is needed.
“Customers all around the world now have access to a full portfolio of Akulon PA66 compounds and Vydyne PA66, together with enhanced application development and innovation capabilities from both Ascend and DSM.”
Ascend Performance Materials, one of the largest producers of PA66 resin in the world, says with this agreement it plans to accelerate its growth trajectory with “significantly greater access to customers around the world”.
Phil McDivitt, President of the Nylon Business at Ascend Performance Materials, said: “We are very excited by this new alliance with DSM.
“It enormously expands our reach into applications that until now have been under-served, and it gives us better access to global customers.”