Home / News / Dow and Aksa sign MOU to form integrated carbon fiber and derivatives JV

Dow and Aksa sign MOU to form integrated carbon fiber and derivatives JV

07 Jun '11

5 min read

gh growth sectors such as elecctronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

About AKSA
AKSA Akrilik Kimya Sanayii A.S. (Istanbul Stock Exchange: ASKA) is the world's largest producer of acrylic fiber with 308.000 mt per year capacity and more than 13% market share of the worldwide market. Products include acrylic textile fibers, technical fibers, and carbon fiber. Aksa's mission is to be the choice for acrylic-based textiles and technical fibers, to work efficiently and in harmony with the environment, to be innovative and customer focused. Aksa has around 1,000 employees working at its production site in Yalova Turkey and offices in Istanbul. Aksa's turnover in 2010 was more than US$850 million, and is expected to exceed $900 million in 2011. Aksa is a member of the AKKÖK Group of Companies which is comprised of 40 companies operating in Turkey's chemical, energy, real estate and textile sectors. The Group has more than 4.000 employees. In 2010, the Group's turnover was more than US$2.5 billion.

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