Dow, Aksa of Turkey in Talks to Form Carbon Fiber Joint Venture

Image Dow Chemical Co. (DOW), the largest U.S. chemicals manufacturer, and Aksa Akrilik Kimya Sanayii (AKSA) AS, a Turkish maker of synthetic acrylic fibers, are in talks to form a joint venture to make carbon fiber and derivatives, the companies said.

Dow and Istanbul-based Aksa signed an accord to “examine opportunities to develop and market a broad range of products and technical service offerings in the carbon fiber-based composites industry,” the companies said today in a statement.

The manufacturers will work on products aimed at “increasing the energy capture of wind turbines, improving the fuel economy of automobiles, and extending the life of roads and buildings,” Andrew Liveris, chairman and chief executive officer of Midland, Michigan-based Dow, said in the statement.
Aksa planned to double its annual carbon fiber production to 3,000 tons in 2010, Chairman Mehmet Ali Berkman said last year. That compares with total global carbon fiber production capacity of 30,000 tons a year, he said. The fibers are used in ships, planes, wind turbines, sports equipment and other products.

Aksa is the world’s largest producer of acrylic fiber, with more than 13 percent of the worldwide market, the Turkish company said in the statement. The manufacturer had revenue of about $850 million last year and expects to exceed $900 million this year, it said.
Last modified onSaturday, 06 May 2017 10:07