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Monday 5 March 2018

Evonik invests in Israeli digital printing developer




Evonik Industries said that it has invested 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 have been developed by Velox especially for digital printing on metal, plastic, and glass, and offer, among other advantages, an extremely wide range of realistic colours and embellishment effects applied with superior properties. The company is already offering decoration systems for cylindrical containers such as plastic tubes and aluminium aerosols.
“Evonik is one of the world’s leading speciality chemicals companies and sees itself as a partner to the printing industry. The sophisticated demands in the field of digital printing make this market particularly interesting for the development of our speciality additives growth engine,” said Bernhard Mohr, the head of Evonik Venture Capital.

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