Evonik Industries and Cristal Material Corporation establish Joint Venture for Manufacture of Glass Lenses for LEDs
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.
Evonik is driving the internationalization of its research & development (R&D) for the cosmetic industry forward.
“Evonik is one of the world's leading manufacturers of products and active ingredients for the cosmetic industry. The distinctly expanded global structure of Innovation Manageme ... more
Evonik Industries has strengthened its position in C4-based products and has successfully, and on time, put into operation new production plants in Antwerp (Belgium). Also in the Marl Chemical Park (Germany), the C4 capacities are being increased. For this, the company has invested a total ... more
AkzoNobel and Evonik Industries have joined forces to build and operate a new membrane electrolysis facility for potassium hydroxide solution and chlorine in Germany. Start-up is expected by the end of 2017.
The 50-50 joint venture involves the construction and operation of a dedicated plan ... more
Evonik Carbon Black GmbH is the world's second-largest producer of carbon black. The products are used mainly as reinforcing fillers in the rubber industry (for tires and industrial rubber goods) and as pigment blacks in, for example, plastics, specialty coatings, and colorants. more
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 ... more