AKKOK HOLDING PLANS USD 300M INVESTMENT

Akkok Holding plans to invest USD 300m this year, according to Ahmet Dorduncu, Board Member and CEO of Akkok Holding. “We’ve focused on investments that will contribute to our sustainable and healthy growth,” said Dorduncu. Apart from enamel coating, the holding company plans to put into use non-stick and decorative coating and pigment production in the U.S. to expand its chemical business. It will also double the number of countries it exports to within five years. Akkok Holding will also launch its satellite research centers and laboratories in China and the U.S. The holding will invest USD 125m in its carbon-fiber subsidiary, DowAksa, to expand capacity this year. Akkok Holding is also planning an acquisition in Europe.