Evonik Industries and Cristal Material Corporation establish Joint Venture for Manufacture of Glass Lenses for LEDs
07-10-2009: Evonik Industries AG and Cristal Material Corporation have formed a new joint venture to manufacture high-quality glass lenses for next-generation LEDs, which will marketed under the Savosil™ brand. The Evonik Cristal Materials Corporation joint venture will complement Evonik's strategy as a solution provider to the lighting industry while providing Cristal Material Corporation access to a highly innovative market.
"The LED market will see many new areas of application open up. Evonik Cristal Materials Corporation will help its customers develop new technologies faster, technologies such as UV LEDs to sterilize water, LEDs in automobiles, and LEDs for general lighting," said Patrik Wohlhauser, chairman of Evonik Degussa GmbH's management board. "Participating in the joint venture offers Evonik an attractive opportunity for forward integration along the entire supply chain in the growing LED market," added Wohlhauser. The lenses produced by the joint venture will be sold to LED manufacturers.
The LED lenses will be produced using Evonik's patented SiVARA™ Sol-Gel technology, which allows glass lenses of consistent quality to be manufactured in any desired shape. The process recently received the Frost and Sullivan European Technology Innovation Award.
Grace Matthews, Inc. and Silbond Holdings, LLC announced that Silbond Corporation has been acquired by Evonik Industries AG. Grace Matthews advised Bloomfield Hills, Michigan-based O2 Investment Partners, LLC, and its affiliate, Silbond Holdings, LLC on this transaction. more
End of 2013 Evonik Industries AG successfully began operation of its new production facility for ROHACELL® structural foam at the Darmstadt site, following an investment of approximately six million Euros. The new facility will increase the polymerization capacity at the site by fifty perce ... more
Evonik Industries is to start up new facilities and production capacities, representing an investment volume of close to €1 billion, in high-growth emerging markets in 2014. "By the end of the coming year, we will have implemented over €3 billion of the total six-billion-Euro investments th ... more
Evonik is one of the world's leading specialty chemicals companies. Profitable growth and sustained value creation form the heart of our strategy. Around 80 percent of sales come from leading market positions, which we plan to expand further. We concentrate on high-growth megatrends, especi ... more
The Business Area Chemicals of Evonik which is active in the attractive field of specialty chemicals, holds top positions world wide.
As Germany’s fifth largest power producer, Evonik is market and technology leader in the planning, construction and operation of highly efficient coal-fired ... more
In Latin America Degussa is operating production locations in Brazil, Colombia, Argentina and Chile, among others, and employs a share of 2% of Degussa's workforce. The year 2005 saw sales increase by 20% to EUR 413 million. Feed additives and hydrogen peroxide products are focus areas of t ... more