April 20, 2015

Ford and DowAksa today signed a joint development agreement (JDA) to formally advance research on cost-effective, high-volume manufacturing of automotive-grade carbon fiber, a material poised to play a significant role in the drive to make vehicles lighter for greater fuel efficiency, performance and capability.

The agreement, between Ford Motor Company, Ford Global Technologies and DowAksa –

a 50/50 joint venture between The Dow Chemical Company and Aksa Akrilik Kimya Sanayii A.Ş – will combine DowAksa’s feedstock capacity, carbon fiber conversion and downstream intermediates production capabilities with Ford's expertise in design, engineering and high-volume manufacturing. The goal is to produce materials that make cost-effective carbon fiber composite parts that are much lighter than steel but meet automotive strength requirements.

Source
Ford Media Center