21st Austria weekly - voestalpine (08/10/2019)

voestalpine: Permanent innovation is essential if voestalpine is to succeed in international and technologically sophisticated markets. The technology group has continuously expanded its research budget over the past decade, raising it by a total of 70 percent. Its current budget of Euro 184 mn makes voestalpine one of Austria’s most research-intensive companies. Development focuses on the drive to digitalize the entire value chain, as well as on innovations for the mobility industry and CO2 reductions in steel production. voestalpine employs more than 700 researchers at 70 Group companies around the world and has secured over 3,000 proprietary patents. As a result of its intensive research and development activities over the past years, voestalpine has established itself as a leading technology supplier to the automotive, railway infrastructure, aerospace, energy, toolmaking, and consumer goods industries. CEO Herbert Eibensteiner saiy: "The current research budget of 184 million euros, representing an increase of around 8 percent over the previous year, once again highlights the priority placed on innovation at the voestalpine Group. Even in economically challenging times, we will continue to consistently invest in developing new products and processes, because we can only safeguard our position as a global player in the most sophisticated product segments through specialization and quality."
voestalpine: weekly performance: 7.29%