Alxa, Turkey invests 65 million U.S. dollars to expand carbon fiber production

Business Club January 20th Akrilic Kimya Sanayii of Turkey regards carbon fiber as "a strategic raw material for the 21st century." At present, the company's board of directors has decided to continue investing in carbon fiber production, increasing the annual production capacity of the existing production line by 300 tons, and investing another US$65 million in the construction of the second carbon fiber production line. The company plans to start production in July 2012. It is understood that Aksa is the first company to introduce acrylic fiber into Turkish textile industry. In this process, the Turkish Acrylic Fiber market has developed into the world's second largest acrylic market, ranking second only to China. Aksa’s strategic goal is to increase its carbon fiber market share to 10% by 2020.