Dow, Aksa jointly manufacture carbon fibre derivatives

Dow, Aksa to jointly manufacture carbon fibre and derivatives

10:42 AM, 7th June 2011
Dow, Aksa to jointly manufacture carbon fibre and derivatives
Dow and Aksa sign MoU.

The companies will jointly look to offer carbon fibre and derivatives to growing energy, transportation and infrastructure markets.


MIDLAND, US/ISTANBUL, TURKEY: Dow Europe GmbH, a subsidiary of Dow Chemical Company and Aksa Akrilik Kimya Sanayii (Aksa), have signed a memorandum of understanding (MOU) to form a joint venture to manufacture and globally commercialize carbon fibre and derivatives.


The companies will explore opportunities to create fully-integrated production facilities for the manufacture and global supply of carbon fibre and derivatives. Further, they will examine opportunities to develop and market a broad range of products and technical service offerings in the carbon fibre-based composites industry.


“This new partnership with Aksa will advance Dow’s innovation agenda and broaden our down-stream, integrated solutions offering. Together, Aksa and Dow will look to deliver innovative solutions that address some of the world’s most pressing challenges such as increasing the energy capture of wind turbines, improving the fuel economy of automobiles and extending the life of roads and buildings,” said Andrew N Liveris, Chairman and CEO, Dow Chemical.


“By partnering with Dow, we will strengthen Aksa’s leadership position in both our local community and global markets. Aksa has been a pioneer at introducing new products and technologies and with this partnership will accelerate our pace in the future. This technology race to develop carbon fibre composites will offer improved products and solutions for the betterment of mankind,” said Mehmet Ali Berkman, Chairman of the Board, Aksa.

(C) WOC News




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