Voestalpine Increases R&D Expenditure

Published: April 11, 2012; 14:35 · (Vindobona)

voestalpine said it is increasing R&D expenditure to a record level of € 132m for the 2012-13 business year just begun.

Voestalpine Increases R&D Expenditure / Picture: © Flickr

Despite economic crises and cost reduction programs, over the past decade expenditure in this key area has increased by 11% p.a. on average.

According to the company the record budget of € 132m once again represents a € 10m increase on the year before. "Specialization, technology and quality leadership have been and continue to create a solid basis for our future. Innovation,…

This article includes a total of 233 words.

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