Core Viewpoint - Ascend Performance Materials announced the closure of its hexamethylenediamine (HMDA) production facility in Lianyungang, China, as part of a strategic shift in operations [1][3]. Group 1: Company Operations - The Lianyungang facility is undergoing an orderly shutdown and has begun legal liquidation processes [1]. - Ascend's two large HMDA plants in the United States (Decatur and Pensacola) will continue to supply high-quality products to Asian customers [2]. - Despite the closure in Lianyungang, Ascend is investing in a solid-state polymer production line at its Suzhou facility to better serve downstream customer needs [3]. Group 2: Financial and Strategic Moves - Ascend filed for Chapter 11 bankruptcy protection in the Southern District of Texas on April 21, 2025, with the support of creditors to reduce its debt leverage, expecting to complete the process by fall 2025 [5]. - The company operates 12 production bases globally and employs nearly 3,000 people, with headquarters in Houston, Texas [4].