Aksa, Dow plan $1 bln investment over five years
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.
The newly formed unit will employ 1,000 people, the statement said.
Last Update: December 21, 2011 11:14