MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW), in partnership with its joint venture, DowAksa, and a consortium of composites-related businesses, academic leaders and government organizations, is pleased to have been selected by the Obama Administration to establish the Institute for Advanced Composites Manufacturing Innovation (IACMI). IACMI will help advance the state of knowledge and commercialization of carbon fiber composites technology in response to market demands