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Regions :: Middle East
Dow and Aksa Sign Carbon Fiber and Derivatives Joint Venture Agreement
8:31 AM MST | January 4, 2012 | Natasha Alperowicz
Dow Chemical and Aksa Akrilik Kimya Sanayii (Istanbul) today signed a definitve agreement to form a previously announced joint venture to manufacture carbon fiber and derivatives. Dow and Aksa will each hold a 50% stake in the jv, under the terms of the agreement. Total investment in the project, including third party investments, is expected to reach $1 billion within five years and create up to 1,000 jobs, Dow says. Following initial equity investments from the two partners, the jv will finance its growth through cash flow from operations and financial...
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