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Comment Business & Economics

JV established for manufacturing LED lenses

By Gerald Ondrey |

Evonik Industries AG (Essen, Germany;www.evonik.de) and Cristal Material Corp. (Taipei, Taiwan) have formed a new joint venture (JV) to manufacture high-quality glass lenses for next-generation light-emitting diodes (LEDs), which will marketed under the Savosil brand. The Evonik Cristal Materials Corp. JV will complement Evonik’s strategy as a solution provider to the lighting industry while providing Cristal Material Corp. access to a highly innovative market. The LED market will see many new areas of application open up. Evonik Cristal Materials Corp. will help its customers develop new technologies faster, technologies such as ultraviolet (UV) LEDs to sterilize water, LEDs in automobiles, and LEDs for general lighting," says 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 JV 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.…
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