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AKSA, DOW PLAN $1 BLN INVESTMENT OVER FIVE YEARS

  • NewArticle
  • Published:21 Aralık 2011, Çarşamba
  • Updated:21 Aralık 2011, Çarşamba

Turkish acrylic fibre manufacturer and 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. will have a 50 percent stake in the company, .

The newly formed unit will employ 1,000 people, the statement said.