DowAksa will continue its operations under the name Aksa Carbon
Aksa Akrilik, a subsidiary of Akkök Holding and the world’s leading acrylic fiber producer, has taken another major step toward its vision of expanding in advanced materials and delivering innovative solutions. The company has completed the acquisition of Dow Europe Holding B.V.’s 50% stake in DowAksa with a cash payment of USD 125 million, becoming the sole owner of the business. This transaction places DowAksa’s total valuation at approximately USD 450 million.
Operating under its new name, Aksa Carbon, the company will be led by Gürcan Koman, Vice President of Akkök Chemicals and Advanced Materials Group, who has been appointed as General Manager. Aksa Akrilik entered the carbon fiber market in 2009 and, in 2012, formed the 50-50 joint venture DowAksa with Dow Europe Holdings B.V. With full ownership now secured, Aksa Akrilik is positioned as one of the strongest contenders for global leadership in carbon fiber production.
Aksa Carbon is set to become a leading global player from Türkiye.
Emphasizing that gaining full ownership of DowAksa is a key milestone in Aksa’s transformation into a global player not only in acrylic fiber production but also in carbon-based advanced material solutions, Cengiz Taş, Board Member of Akkök Holding and President of the Group’s Chemicals and Advanced Materials division, stated:
“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. In this new era, Aksa Carbon will stand among Türkiye’s most influential companies on the global stage, particularly in high-performance materials such as carbon fiber. This strategic move reflects our long-term vision for chemicals and advanced materials. Our goals are to create greater added value for Türkiye’s defense industry, deliver strong solutions to international industrial players, and end foreign dependency in carbon fiber. Leading this transformation, Gürcan Koman will play a vital role in achieving Aksa Carbon’s global ambitions, backed by his extensive experience and technical expertise within Aksa Akrilik.”
Aiming for Global Leadership in Carbon Fiber
Under its new name, Aksa Carbon is more than just a carbon fiber producer; it is a solutions provider shaping the transformation of strategic sectors. Utilizing pultrusion technology developed at its Yalova facilities, the company manufactures carbon fiber-reinforced laminated plates used in the load-bearing beams of wind turbines. These advanced products deliver both cost and performance benefits while increasing the local content in Turkey’s wind energy projects. In this way, Aksa Carbon is becoming a strategic driver of sustainable growth in fields such as energy, defense, and infrastructure. Carbon fiber—produced by only a select few countries worldwide—is prized for its high strength and light weight, making it an essential material across diverse industries including defense, aerospace, automotive, and construction.
