DowAksa Advanced Composites Holdings BV (DowAksa) is the holding company for DowAksa, a 50:50 joint venture between Dow Inc. and Aksa Akrilik Kimya Sanayii A.Ş., established in 2012. Incorporated in the Netherlands, the venture combines Dow’s materials and composites expertise with Aksa’s large-scale carbon fiber capabilities. DowAksa focuses on the development, manufacture, and commercialization of carbon fiber and advanced composite materials, with core production centered in Yalova, Turkey and a global customer footprint.
The company’s portfolio includes industrial-grade carbon fiber, intermediate products such as fabrics and prepregs, and composite systems engineered for high-strength, lightweight applications. Key markets include wind energy (e.g., turbine blades), automotive and transportation, pressure vessels, construction and infrastructure reinforcement, and other industrial uses. DowAksa supports application development and processing know-how to enable adoption of composite solutions across these sectors.
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Net sales down 8% YoY. Volume stable. GAAP net income $124M. Cash flow improved. Cost reductions ongoing. Packaging & Specialty Plastics and Industrial Intermediates face pricing pressures.
