Voestalpine Increases R&D Expenditure

IndustrialsIndustrial Goods ♦ 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: © Vindobona.org

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,…