Market Overview

Ascend to Increase Capacity of Nylon 6,6 Building Blocks, Polymers by 10 to 15 Percent

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Capacity investments made in ADN, HMD, adipic acid, and polymers
to address growing market demand

Ascend Performance Materials, the world's largest fully integrated
producer of nylon 6,6 resin, today announced its plans to increase
production capacity across its intermediate chemicals and polymers
portfolio by 10 to 15 percent to support the continued growth of its
customers.

"The global demand for nylon 6,6 and our intermediate chemicals
continues to grow at 3 to 4 percent per year in a range of diverse
applications," said Phil McDivitt, Ascend's president and CEO. "Ascend
has cost effective expansion opportunities that allow us to bring
additional capacity online as the market needs it."

Ascend will increase capacity of adiponitrile (ADN), hexamethylene
diamine (HMD), adipic acid and polymers through 2018. Ascend's unique
production process allows for quick capacity additions with high capital
efficiency and without disruption to operations.

"We have consistently added capacity through our entire nylon 6,6 value
chain since 2015, increasing our production by 10 to 30 percent
depending on the product with no impact on our customers. We are
committed to a continuous, reliable supply to our customers," said
McDivitt.

Unlike many other nylon 6,6 producers, Ascend sells polymers and
intermediates into nearly every end use market and geography. "Our more
than 60-year history of serving a wide variety of markets has given us
an unparalleled understanding of the entire nylon 6,6 value chain," said
Scott Rook, Ascend's vice president of nylon. "The unique qualities of
nylon 6,6 have made it the material of choice in numerous innovative
applications."

"Our capital efficient expansion plans ensure that market demand is met
and pricing remains competitive," continued Rook.

Earlier this year, the company consolidated nylon fiber production at
its plant in Greenwood, South Carolina, and added compounding capacity
at its site in Foley, Alabama, to better align its business with the
market.

"Our energy and capital are focused on supporting customers throughout
the nylon 6,6 value chain," said Rook. "Our recent capacity additions in
Greenwood and Foley are in line with our current expansion plan and help
us keep pace with market demand."

The company did not disclose the amount of capital investment related to
the expanded production capacity.

About Ascend Performance Materials

Ascend Performance Materials is a global premium provider of
high-quality plastics, fibers and chemicals and is the world's largest
integrated producer of PA66 resin. Headquartered in Houston, Texas,
Ascend has eight global locations, including five fully-integrated
manufacturing facilities located in the southeastern United States, all
dedicated to the innovation and safe production of nylon 6,6. With three
of the world's largest chemical processing facilities, Ascend's
materials form the building blocks for products used in everyday
applications from apparel to airbags, cable ties to circuit boards and
carpets to car parts. Ascend's 2,400-person global workforce is
committed to making a difference in the communities we serve and leading
the development of nylon 6,6 solutions that inspire everyone,
everywhere, every day.

Together, we're making a difference.
Together, we're inspiring
everyday.

More information about Ascend can be found at www.ascendmaterials.com

About SK Capital

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and healthcare sectors. The firm's
purpose is to build strong and growing businesses that create
substantial long-term economic value. SK utilizes its industry,
operating and investment experience to identify opportunities to
transform businesses into higher performing organizations with improved
strategic positioning, growth and profitability as well as lower
operating risk. SK Capital's portfolio companies generate revenues of
approximately $5 billion annually and employ approximately 8,700 people.
The firm currently manages more than $1.9 billion of committed capital.
For more information, please visit www.skcapitalpartners.com

©2017 Ascend Performance Materials Operations LLC. The Ascend
Performance Materials and Vydyne marks and logos are trademarks or
registered trademarks of Ascend Performance Materials Operations LLC.

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