History

Aksa Akrilik, which continues its investments focused on defense and advanced technologies with an integrated perspective, has signed an agreement to acquire a 50% stake in DowAksa Advanced Composites Holdings B.V. with the completion of the acquisition process, Aksa Akrilik, having acquired full ownership of DowAksa, has risen to become one of the strongest players globally poised to lead in the production of carbon fiber, a strategic product.

With the restructuring process initiated at the end of 2024, the energy business unit within Aksa Akrilik became an independent entity under the name Akset Energy Production Inc. This structural change will enable the energy business unit to be managed under a more independent umbrella, allowing for more effective evaluation of potential growth opportunities.

Aksa Akrilik, as part of its sustainable growth strategy, had reached an agreement in November to acquire 54% of Epsilon Composite's shares. With the completion of the legal processes, Epsilon Composite became a wholly owned subsidiary of Akkök Holding in 2025.

Within the scope of efforts to find new areas of use for acrylic fiber in 2023, the second phase investment works of the short fiber yarn production facility ("Aksafil") with air-jet yarn spinning technology, the first phase of which was commissioned at the end of 2021, have been completed and the facility has been put into operation. According to the product range planned to be produced and the new capacity reports, our Company's current capacity stands at 355 thousand tons/year for acrylic fiber and 6.6 thousand tons/year for the Aksafil facility. Within the scope of the investment decision regarding the Mithra "ultra-high molecular weight polyethylene" product, which is a product of our R&D studies within the scope of our new product development strategy in the field of technical fiber, it was decided to start investing in a new facility to produce under the Mithra brand, starting with a capacity of 350 tons/year and gradually expanding the capacity to 500 tons/year. Aksa Akrilik introduced its visitors to the transformation journey in the production process of acrylic fiber in line with sustainability principles with the Aksa Experience Area (AEA) project. Our Company's joint venture, DowAksa Advanced Composite Materials Industry Limited Company, which is subject to joint management, has completed the expansion project to expand the current capacity from 6,000 tons to 9,000 tons annually and the new production line has been commissioned.

We have decided to expand the production to 355,000 tons/year by adding 2 production lines to our production capacity of 330,000 tons/year and the investment process has started.

A yarn production facility from short fiber with air jet spinning technology has been fully commissioned. Our product, which is offered for sale under the AksaFil brand, has a technology applied for the first time in the world in the acrylic yarn industry. Aksa Akrilik announced three more high-tech brands to the world.

The paid-in capital of the Company was raised from TL 185 million to TL 323.75 million. The first Integrated Report of Aksa Akrilik, which is a member of the Global Compact, the world’s largest initiative in the field of sustainability, was shared with the public.

Aksa Akrilik was shown among companies providing services to the chemical industry for over 50 years by the Chemical Manufacturers Association of Turkey (TKSD) and was awarded with a “50th Year” plaque. This year as well, the Company took top spots in the Turkey’s Top 500 Industrial Enterprises List. It ranked 41st in the ISO 500 list known as the “Giants League”. The Company received the second prize by raising its Corporate Governance Rating from 9.70 to 9.72.The production capacity of Aksa was determined as 330,000 tons/year as a result of the efforts to create the optimum production track.

Aksa Akrilik raised its Corporate Governance Rating from 9.63 to 9.70 in the evaluation made by the independent corporate rating company, Saha and won the first prize for three consecutive years again this year. Aksa Akrilik won the first place in terms of export performance at a ceremony where the Istanbul Textile and Raw Materials Exporters’ Association (İTHİB) rewarded the largest exporters of 2017. Since its inception, Aksa Akrilik has implemented all its activities with the principle of efficient use of resources and respect for the environment. This has earned us a place in the BIST Sustainability Index with 50 other companies.

The Corporate Governance Rating, calculated by evaluating Aksa in terms of Corporate Governance Principles of the Capital Markets Board, was upgraded to 9.63, and we became the company with the Highest Corporate Governance Rating on the BIST Corporate Governance Index. Aksa Akrilik achieved a place among other highly investible companies carried out by JCR Eurasia Rating. The JCR Eurasia Rating determined our Long-Term National Credit Rating AA (Trk) and our prospect as Stable. Our Long-Term International Foreign and Local Currency Rating and prospect were determined as BBB-, and the country ceiling as Stable. The R&D Center, established by Aksa Akrilik, was awarded with the R&D Center Certificate by the Ministry of Science, Industry and Technology. With this certificate, our R&D Center was registered as the 432nd active R&D Center.

Aksa’s CMB Corporate Governance Rating, which is calculated according to the assessment as per the CMB’s Corporate Governance Principles, was updated to 9.6, and the Company won an award as the “Company with the Highest Rating” in the BİST Corporate Governance Index as of year-end. A world-leading acrylic fiber producer, with nearly 50 years experience and a customer-focused approach, Aksa Akrilik introduced customers to four new brands that touch every aspect of life in the last activity year.

Saha Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. (Saha), one of the leading independent corporate rating companies in Turkey, updated the Corporate Governance Rating for Aksa Akrilik Kimya Sanayii A.Ş. (Aksa) as 9,50 over 10 as a result of the periodical revision undertaken during the past year.

Saha Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. completed Corporate Governance Rating process for Aksa Akrilik Kimya Sanayii A.Ş; and Corporate Governance Rating was announced as 9,22 over 10. Aksa Akrilik fully complied with the legislation applicable regarding “Corporate Risk Management” undertaken since 2012 and successfully underwent the “TS ISO 31000 Risk Management System Verification Audit” by the “Turkish Standards Institute (TSE)”; and has become the second company in Turkey and the first company in its own sector to hold this certificate.

Aksa completed and commissioned the second phase of the power plant. Aksa was included in the Turquality Program, the world’s first and only state-sponsored brand development initiative promoted by Turkey’s Ministry of Economy with the vision of “Creating 10 Global Brands in 10 years.” Aksa merged with Ak-Tops Tekstil Sanayi A.Ş., the Company’s wholly owned subsidiary since August 2013, by taking over all of its assets and liabilities. The merger was registered on December 31, 2013. In 2013, Aksa started pilot production of pigment-dyed acrylic filament yarn using its proprietary technology. This new product boasts excellent color brightness, high-quality appearance, ultra-high water resistance as well as self-cleaning properties.

On January 2, 2012, the carbon fiber business line became a separate company through partial separation and Aksa Karbon Elyaf Sanayi A.Ş. was established as a wholly-owned subsidiary of Aksa. On June 29, 2012, DowAksa Ltd. was established as a 50:50 joint venture of Aksa and DowEurope. First phase of the power plant investment was completed and activated.

Decision was taken for the establishment of a new company by the partial separation of the carbon fiber business unit.A joint venture pre-agreement was signed between AKSA and The Dow Chemical Company for the production of carbon fiber and carbon fiber based products.

Decision was taken for the second carbon fiber line in order to achieve the objective of 10 % world market share.

The start –up of the carbon fiber production line with a 1.500 tons/year capacity made Aksa the first Turkish and the ninth worldwide company offering raw material to the sector. Registered Aksa Research Center certification was acquired through the Ministry of Science, Industry and Technology. In addition to the existing power plant a new one with capacity of 100 MW electricity and 350 tons/hour steam was planned.

Pilot carbon fiber unit was started. Aksa was awarded the National Quality Award by the Turkish Quality Association.

Research and development studies for Carbon fiber were initiated.

A pilot plant for textiles was established to integrate customer services with production.

Outdoor fiber production was launched.

Microfiber production was started. Open end type fiber, the major input for cotton type yarn production , was also offered to the market.

The Fiber Pilot Plant and the Research Lab was established to promote polymer research and to develop new products.

Jel dyeing technology was developed and producer dyed tow production initiated.

Distributed Control System (DCS) was established for the first time in Turkey, and the entire processing system monitored from a single centre.

Technical assistance agreement with Chatillon ended, and Aksa started to develop its own technology.

In addition to staple fiber and top, tow was also offered to the market , and it was exported to Italy for the first time.

Four new high capacity fiber spinning machines were added, increasing the capacity to 35.000 tons/year, and two gas turbines were installed to meet the energy requirements of the plant.

The plant began to operate with a capacity of 5.000 tons /year to produce staple fiber and top.

A license agreement was signed and executed with the Italian acrylic producer company Chatillon (now Montefibre) and the Monsanto technology was acquired by Aksa. The construction and erection of the Aksa plant was started in Yalova.

Aksa was established to meet Turkey’s acrylic fiber requirements