Evonik invests in Velox, a digital printing technology developer located in Rosh HaAyin, Israel.
Through its venture capital unit, Evonik invests in Velox, a digital printing technology developer located in Rosh HaAyin, Israel. This marks the company’s first investment in Israel, which has become a hub for start-ups. Velox possesses new digital printing technology for cost effective, high-speed photo-quality printing on metal, plastic or glass packaging, either for extremely small series or for large-scale industrial projects. The inks used offer a wide range of realistic colors and embellishment effects applied with superior properties, according to Evonik. Velox already offers decoration systems for cylindrical containers such as plastic tubes and aluminum aerosols.“Digital printing opens up new design opportunities in the packaging industry and allows industry players to distinguish themselves from the competition in new ways. We’re glad to be working with Velox to develop perfectly tailored additive solutions for this growing market,” says Gaetano Blanda, who heads the Coating Additives business line at Evonik.
The Velox offering includes a novel printer architecture and a palette of uniquely formulated inks. Velox will initially use the newly available capital to drive technology development and marketing for additional printer systems and applications.
As part of its venture capital activities, Evonik plans to invest a total of €100 million in promising start-ups with innovative technologies and in leading specialty venture capital funds. The regional focus lies on Europe, the U.S. and Asia. Evonik reportedly holds shares in over 20 start-ups and specialty funds.
For more information, visit: www.evonik.com