Aksa Akrilik, a subsidiary of Akk k Holding, has completed the acquisition of Dow Europe Holding B.V. s 50% stake in DowAksa (Gumussuyu/Istanbul, Turkey) for $125 million, becoming the sole owner of the business. The transaction values DowAksa at approximately $450 million and marks a major step in Aksa s strategy to expand in advanced materials and carbon fiber solutions.

Aksa Akrilik, the world s largest acrylic fiber producer, first entered the carbon fiber market in 2009. In 2012, it partnered with Dow Europe to form the 50-50 joint venture DowAksa. The company will now operate under the new name Aksa Carbon, reinforcing its position as a global player in both acrylic fiber and carbon fiber-based advanced materials.

Bringing DowAksa entirely under the Aksa Akrilik umbrella is more than an acquisition; it represents the restructuring of knowledge, expertise, and technology in advanced materials, said Cengiz Ta , Board Member of Akk k Holding and President of the Chemicals and Advanced Materials division.

The newly formed Aksa Carbon will be led by G rcan Koman, appointed as General Manager. Koman, a chemical engineering graduate of Middle East Technical University (2005), began his career at Aksa Akrilik in 2006. Over nearly two decades, he has held leadership roles in production, R&D, and product development, most recently serving as Factory Director since 2019. As of January 2025, Koman has also been appointed Vice President of Akk k Chemicals and Advanced Materials Group.

This acquisition and rebranding highlight Aksa Akrilik s ambition to strengthen its global footprint in carbon fiber markets, delivering innovative material solutions for industries such as aerospace, automotive, and energy.

Source: www.aksa.com