[pageLogInLogOut]

#Man-Made Fibers

Ascend Performance Materials secures court approval for restructuring and appoints new CEO

Ascend Performance Materials has reached a major milestone in its Chapter 11 process: the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the company’s Plan of Reorganization. Ascend expects to emerge from Chapter 11 by year’s end with a significantly improved capital structure. In parallel with the restructuring progress, Ascend announced a leadership change.

Patrick Schumacher has been appointed Chief Executive Officer, succeeding Phil McDivitt. McDivitt, who has led Ascend since 2017 and oversaw the company's global expansion, will remain as a special advisor to ensure a smooth transition.

CEO Schumacher brings more than 25 years of experience in chemicals and industrials, including senior roles at Olin Corporation and Celanese. He emphasized his commitment to driving Ascend’s operational and financial resurgence, supported by the company’s resilient workforce.

McDivitt highlighted the momentum built in recent years and expressed confidence that Schumacher is the right leader as Ascend enters its next phase.

Ascend continues to operate normally as it completes final steps toward emergence and refocuses on profitable growth in high-performance materials.



More News from Ascend Performance Materials

More News on Man-Made Fibers

#Carpets

DOMOTEX Hannover 2028 off to a strong start with expanded portfolio

Preparations for DOMOTEX 2028 are already gaining strong momentum. Following its successful repositioning as the Home of Flooring & Interior Finishing, around 100 international manufacturers have already secured their place during the initial registration phase.

#Nonwovens

Lenzing Group highlights scalable, bio-based nonwovens solutions at leading global industry fairs

From CIDPEX in China to Techtextil in Frankfurt and INDEX in Geneva, the Lenzing Group showcases ready-for-market, bio-based nonwoven solutions and receives industry recognition for LENZING™ Nonwoven Technology.

#Research & Development

Carbon-ceramic hybrid fibre proves its worth – NRW Minister for Science Mona Neubaur congratulates ITA start-up TERNAfil

MAXCarbon technology, a novel carbon-ceramic hybrid fibre developed by ITA spin-off TERNAfil, secured third place at the HIGH-TECH.NRW Demo Day on the TÜV NORD campus in Essen. The technology combines the strength of carbon fibres with the temperature and corrosion resistance of ceramic materials. Mona Neubaur, Minister for Science in North Rhine-Westphalia, congratulated the team on their success and on winning prize money of 4,000 euros.

#Man-Made Fibers

Spinnova’s partner NZ TEX GROUP supports scaling of SPINNOVA® fibre

NZ TEX GROUP, Spinnova’s long-term woven fabric manufacturing partner based in Bangladesh, supports the scaling of SPINNOVA® fibre by joining the Spinnova ecosystem. NZ TEX GROUP and Spinnova have jointly developed fabrics, including denim, over several years, and the partners are now formalising and strengthening their cooperation through the ecosystem model.

Latest News

#Research & Development

GenuTrace client advisory: Is your cotton supply chain UFLPA ready?

U.S. Customs and Border Protection has released updated operational guidance (CBP Publication No. 5560-0526) expanding its forced labor enforcement framework. The guidance supersedes the original 2022 UFLPA Operational Guidance and now covers all forced labor enforcement authorities — UFLPA, CAATSA, and WROs/Findings — in a single unified document. For cotton importers, the enforcement posture has not softened. It has become more structured, more documented, and more demanding. Learn more about UFLPA.

#Knitting & Hosiery

STOLL: Agreement signed for the divestiture of selected assets

In early 2025, KARL MAYER announced its strategic decision to focus on its core business areas of WARP KNITTING, WARP PREPARATION, and TECHNICAL TEXTILES. As part of this move, the flat knitting machine business under the STOLL brand was discontinued and the production site in Reutlingen was closed in October 2025.

#Research & Development

TERNAfil wins first place at PitchMiUp Night 2026 in Minden

The RWTH spin-off TERNAfil has developed MAXCarbon, a new high-performance hybrid fibre that combines the mechanical performance of carbon with the temperature and corrosion resistance of ceramic materials. For this development, TERNAfil was awarded first prize at the PitchMiUp Night in Minden on 21 May 2026.

#Digital Printing

DTF vs DTG Printing - The technologies shaping today’s custom merchandise market

From sportswear to branded tote bags, custom merchandise continues to grow in popularity across sectors, driving print shops to cater to short runs, personalisation, and rapid turnaround. As print providers look to this market, two printing technologies often stand out: Direct‑to‑Film (DTF) and Direct‑to‑Garment (DTG). Each offers its own benefits, and understanding these differences helps determine the most suitable production method for print service providers.

TOP