Ascend’s Cantonment Plant Adding 102 Jobs
September 23, 2011
A local industry will add over 100 jobs and invest $50 million into their Cantonment plant.
Ascend Performance materials will 102 jobs over a three year period to its nylon manufacturing plant on Old Chemstrand Road. The plant’s annual payroll will eventually increase by $5.61 million, with the average salary for each of the new jobs at $55,000.
Ascend, formerly known as Solutia, received an incentive package worth just over $1 million as part of the expansion from a 10 year exemption from ad valorem taxes, tax rebates and economic development grants from the state.
The plant’s manager says the company is excited about the growth opportunities for the company and the community.
There are currently about 750 employees at the Cantonment facility.