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The nylon 6,6 producer Ascend Performance Materials is purchasing the assets of the Chinese plastics makers NCM and Tehe Engineering Plastic. Ascend says the move gives it a valuable footprint at an industrial park in Jiangsu, China, where it plans to expand nylon compounding capacity and set up an R&D center. Ascend CEO Phil McDivitt says the park’s location near Shanghai and China’s automotive industry are a big part of its appeal.
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