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GEELONG is on the brink of convincing a giant international company to set up a hi-tech carbon fibre factory in the city and reshape its manufacturing future.

DowAksa is moving fast as it looks to team with Deakin University and other local partners in a $220 million project that will create up to 250 production line jobs and 1000 others in the city.

Director Doug Parks visited Australia last week on a mission to globalise the firm’s operations, and was so impressed he’s returning with a delegation other directors and potential partners next month.

Speaking to the Geelong Advertiser from Turkey, Mr Parks said he had identified Geelong as an ”ideal location” for what would be the largest carbon fibre production facility in the Southern Hemisphere.

To read the press release, click here

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