Facts & figures
During the business year 2016/17 research & development expenditure amounted to EUR 140.25 million. The budget for the current BY 2017/18 is a record EUR 159 million, an increase of 13% over the previous year. The research ratio (proportion of R&D expenditure in relation to revenue) lies at 1.24 %, and at 2.79 % when measured against value creation.
Innovation is the key word for voestalpine’s worldwide success. The current record-breaking budget of EUR 159 million shows clearly that research, development, and innovation have top priority at the voestalpine Group. Consistent investment in this key sector is essential as it is clear to everyone at voestalpine that we can ensure our future as an international player in sophisticated product segments only by specializing and maintaining our technology and quality leadership.
The basis for this success is a comprehensive knowledge network comprised of numerous different collaborations and affiliations with national and international universities, universities of applied sciences, and research institutions, as well as a number of development partnerships with key customers.
Key areas of innovation
Key areas of innovation within the voestalpine Group include further developments to the steel production process in the direction of smart production, processing operations and the development of new production processes such as additive manufacturing, as well as material technologies and the development of products, components, and complete system solutions.
This includes ultra-high strength steels with improved formability, high-strength wire, sour-gas-resistant tubes and connections, welding fillers for ultra-high strength steels and high-temperature-resistant applications, wear and rolling contact fatigue-resistant rail steels and life cycle-optimized turnouts including diagnostics systems, forged components in nickel-based and TiAl alloys, steel and nickel-based alloy powders for additive manufacturing, highly resistant coatings for tool manufacturing, lightweight components in steel and hybrid materials, as well as new forming processes for light alloys.
Additional information about innovation activities.
Innovation in Energy and Environmental Protection
voestalpine is not only a technology leader in the development and production of the most sophisticated steel products but is also a benchmark for energy efficiency and environmental compatibility. voestalpine is the first steelmaker in the world to replace fossil fuels in the blast furnace with waste plastics and has thus reduced the CO2 emissions at the Linz location by more than 500,000 tons annually. Moreover, in the past 30 years, the amount of energy used in steel production has been decreased by roughly 50%. Over the past 15 years, the reduction in energy consumption was about 20%.
Additional information about environment