Evonik says that it has acquired a minority stake in Chinese stereolithography company UnionTech through its Venture Capital unit.

‘We expect great technical advances in the field of stereolithography,’ said Bernhard Mohr, head of the Venture Capital unit. ‘Evonik is preparing the launch of ready-to-use materials for this process. Our investment is therefore not only aimed at a profitable financial return, but above all at new insights in the use of this process.’

According to Evonik, UnionTech is the market leader in Asia for ultra-large size industrial printers. It was founded in 2000 and has about 190 employees.

This story uses material from Evonik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.