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AKSA to Invest US$ 65 million on Second Carbon Fibre Production Line

07 January 2011

AKSA is to further its investment in carbon fibre as a strategic raw material for the 21st century and will more than double its carbon fibre production capacity by 2012.

The Board decided that the annual capacity of the existing line should be improved by 300 tons, and that a 65-million-dollar investment be made to erect a second Carbon Fibre production line, with a nominal capacity of 1.700 tons/year, and that the new line be commissioned by July, 2012.

AKSA had previously, during 2008-2009, made a US$ 85 million investment in carbon fibre technology and initial production facility, entirely engineered by Turkish engineers. The formal opening of the plant was made by Turkeys Prime Minister Recep Tayyip Erdogan on July 23, 2010.

Playing an influential role in world markets in acrylic fibre with its market share of 12,5%, and aiming to achieve the same success for carbon fibre sold world-wide under its AKSACA brand, AKSA has pressed the button for erection of its second carbon fibre production plant. The Board of Directors of AKSA decided to make a capacity increasing investment to its first carbon fibre line, which has a capacity of 1.500 tons/year and and which is currently operating at full capacity, and to erect a second carbon fibre line with a capacity of 1.700 tons/year, in line with its target of achieving 10% market share by 2020 in carbon fibre.

Mustafa Yilmaz, Member of the Board of Directors and General Manager of AKSA Akrilik Kimya Sanayi says: our Board of Directors decided to increase its investments in field of carbon fibre, which, we believe, would be one of strategic industries our country, thanks to its high value-added. The Board decided that, first of all, a 7-million-dollar investment be made for enhancing the existing lines capacity by 300 tons/year and that such additional capacity be commissioned for commercial production by November, 2011; and that a 65-million-dollar investment be made for a second carbon fibre production line with a capacity of 1.700 tons/year and that such new line be commissioned for commercial production by July, 2012. We aim to enhance the domestic market as well as to participate in world markets, and, thus, to achieve the same market share in carbon fibre as we have in acrylic fibre.