Turkish acrylic fibre manufacturer Aksa Akrilik and Dow Europe Holding plan to invest $1 billion over five years after signing a partnership deal to form a unit, according to a statement by the Investment Support and Promotion Agency of Turkey.
Aksa and Dow signed a partnership deal on Monday on the formation of a carbon fibre manufacturing unit in Turkey. Dow Europe will have a 50 percent stake in the company, Aksa Karbon Elyaf.
The newly formed unit will employ 1,000 people, the statement said.
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