Dow and Aksa Sign Carbon Fiber and Derivatives Agreement

Liveris: Commitment to innovation. Dow Chemical and Aksa Akrilik Kimya Sanayii (Istanbul) have 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 from third parties, is expected to be $1 billion within five years. The project is likely to create up to 1,000 jobs, Dow says. The jv will finance its growth through cash flow from operations and funding from financial...

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