Ak Asset Management PE Fund I has invested in carbon fabric producer, Spinteks.
Ak Asset Management PE Fund I has invested into Spinteks Tekstil İnşaat Sanayi ve Ticaret A.Ş., the leading carbon fabric producer in Denizli, Turkey with 25% stake on Dec 20, 2018.
Spinteks produces carbon, bazalt or mixed technical fabrics that are utilized in high technology composite products in composites, aviation, automotive, health and construction industries. As the largest local carbon fabric weaver in Turkey, the Company generates nearly half of its revenues from export sales.
Carbon fabric, the future technology to replace conventional metal usage, can achieve lighter, more durable parts with conductivity and better corrosion characteristics.