Evonik takes stake in China 3D printing firm UnionTech

LONDON (ICIS)–Evonik has taken a stake in China-based 3D printing firm UnionTech through its venture capital arm, the Germany-based chemicals producer said on Tuesday.

Founded in 2000, UnionTech has developed processes in stereolithography 3D printing, which allows or the production of detailed polymer parts, including for automotive and aerospace parts.

The investment is Evonik’s second in the China 3D printing market, after taking a stake in a firm producing polyetheretherketone implants for neurological and spinal surgeries last year.

“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,” said Evonik Venture Capital unit head Bernard Mohr.

The company is to launch a range of resins for photopolymer-based technologies, he added. The deal value was not disclosed.

Evonik may also be set to receive a substantial operating boost from