Facts and Figures
The key to voestalpine’s global success is innovation. The current record research budget of EUR 187 million clearly indicates that research, development, and innovation enjoy the highest priority in the voestalpine Group. The Group consistently invests in this key area because it is clear to everyone that securing our future as an international player in the most demanding product segments can only be achieved through specialization, paired with technological and quality leadership.
Our company’s scientific R&D network includes important partners
Intensive research and development are the foundations for voestalpine’s international technology and quality leadership in its most advanced customer segments. One key research area is digital and smart technologies, including “intelligent” cold-rolled steel strip (tailor-made functional steel), and fully digital turnouts which report maintenance requirements to rail network operators in real time. At the same time, we also strive to create environmentally friendly products and processes, such as ultra high-strength steels with excellent formability for use in lightweight automotive construction, which help to reduce fuel consumption. Furthermore, we are also conducting intensive research into the gradual decarbonization of steel production using green hydrogen, with projects such as H2FUTURE at the site in Linz.
We take an open innovation approach, involving external partners in research and development projects where they are required for the projects’ success. We aspire to create strategic, long-term partnerships based on trust and technological equality which create value for both partners.
International and national partners:
- Universities such as the Montanuniversität Leoben, with whom we conduct research into carbon-neutral energy and raw materials innovations, and JKU Linz, for research into digitalizing customer relationships in the global automotive industry;
- Universities of applied sciences, such as FH Oberösterreich (University of Applied Sciences Upper Austria), with a research project into effectively targeting environmental marketing at young people;
- The Christian Doppler Research Association for application-orientated fundamental research;
- And many other research institutes and competence centers.
These partnerships complement the R&D networks, allowing voestalpine to directly meet customer needs as well as researching, testing, and successfully launching new product solutions.