Evonik sets up first project house in Taiwan

Evonik sets up first project house in Taiwan

10:25 AM, 14th June 2011
Evonik sets up first project house in Taiwan
Patrik Wohlhauser, Member of Executive Board, Evonik.

 

  • Evonik Industries intensifies research in Asia
  • Focus on light & electronics
  • Strategic step aimed at consolidating global position

 

ESSEN, GERMANY: Evonik Industries is setting up its first project house outside Germany. Light & Electronics, a research and development unit established on April 1, is located in the Hsinchu Technology Park in Taiwan. The focus of its work is new products and technologies for the photovoltaics, display, LED and lighting industries. The project house seeks partnerships and joint developments with Taiwanese institutes, and with local electronics companies. This is another strategic step in the consolidation of the group’s global position. “With the new project house, our goal is to move closer to one of the most important electronics markets in the world so that we can tap into the growth opportunities the region offers,” said Patrik Wohlhauser, Member of Executive Board, Evonik.

 

The key Asian regions are China, Japan, Korea, and Taiwan, where a number of important R&D companies in this field have their headquarters. According to the German Institute in Taipei, Taiwan stands out among these countries as the world market leader in such products as notebooks, scanners, monitors, and LCD monitors.

 

Light & Electronics is the ninth project house to be set up by Evonik and its strategic research and development unit Creavis Technologies & Innovation. The company’s long-term strategic goal is to make the project house the nucleus of another R&D competence center for the Group in Asia.

© WOC News

 

 

 

 

 

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