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.

“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,” said Gaetano Blanda, who heads the coating additives business at Evonik. 

“In Evonik, we have a strategic investor with extensive experience in the printing industry and a large research and development network. Our collaboration will enable our Inks technology to reach an even higher performance level and meet any industry requirement,” added Marian Cofler, CEO and co-founder of Velox.