Evonik and Cristal Material: joint venture for lenses

Evonik announced the first week of October 2009 that it has formed a joint venture with Cristal Material (Taipei) to manufacture glass lenses for light-emitting diodes (LEDs). Evonik did not disclose …

Evonik announced the first week of October 2009 that it has formed a joint venture with Cristal Material (Taipei) to manufacture glass lenses for light-emitting diodes (LEDs). Evonik did not disclose its stake in the JV named Evonik Cristal Materials Corp. The market for LEDs is expected to grow 20% per year, with “many new areas of application” opening up, according to Patrik Wohlhauser, chairman of EvonikDegussa. “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.” Lenses from the will be sold under the brand name Savosil and manufactured using Evonik technology.