Dow Chemical to form carbon fiber joint venture

NEW YORK (AP) - Dow Chemical Co. says its European subsidiary has agreed to form a joint venture with Turkey's Aksa Akrilik Kimya Sanayii to make carbon fibers.

Strong and lightweight, carbon-fiber based materials are in demand for use in alternative energy projects like wind power.

They're also used in vehicle and infrastructure products. Dow is based in Midland, Mich.