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Dow, Aksa form carbon fiber joint venture


Dow Chemical Co. and fiber company Aksa Akrilik Kimya Sanayii AS have officially formed DowAksa Advanced Composites Holdings BV (DowAksa), a joint venture to manufacture carbon fiber and derivatives.
The companies previously signed an agreement to form the JV on Dec. 20.
DowAksa will develop a broad range of products and offer technical service in the rapidly expanding carbon-fiber composites industry.
The JV will focus on solutions that reduce overall costs, thereby enhancing economics and driving adoption in a broader array of markets, a statement said.
Currently, Dow said, the carbon fiber composites industry is estimated to value $10 billion globally, and is expected to reach $40 billion by 2022.

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