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.