The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Aksa Akrilik Kimya Sanayii have signed a Memorandum of Understanding (MOU) to form a joint venture to manufacture and globally commercialize carbon fiber and derivatives.
Through this agreement, both companies will work together to explore opportunities to create fully-integrated production facilities for the manufacture and global supply of carbon fibers and derivatives. The companies will examine opportunities to develop and market a broad range of products and technical service offerings in the carbon fiber-based composites industry.
“This new partnership with Aksa is another example of how Dow continues to advance its innovation agenda and broaden our down-stream, integrated solutions offering,” said Dow Chairman and CEO Andrew N. Liveris. “Together, Aksa and Dow will apply science, world-class manufacturing capabilities and technical expertise 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.”
“By partnering with a global leader such as Dow, we will further 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. In addition to the continued efforts of our dedicated, hard working, competent employees, we also count on strong contributions of all our partners in the process chain, including our governments, to create and meet the demand for this interesting new technology,” said Mehmet Ali Berkman, Chairman of the Board of Aksa. “This technology race to develop carbon fiber composites will offer improved products and solutions for the betterment of mankind.”
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