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As one of Austria’s most research-intensive enterprises, with over 700 employees working in research at more than 70 Group companies and in excess of 3,000 patents, voestalpine has continuously raised its research and development expenditure over the past years. The Group is continuing this trend in the business year 2021/22 with a research budget of EUR 185 million. Increasingly, the focus of the company’s research lies in digital and simultaneously resource-efficient products and processes.
voestalpine lives and breathes innovation, a fact that the Group has proven many times over throughout the years. In 1949, the LD process was the “invention of the century” that instantly changed the global steel industry. And in recent decades, the international company has set new standards in automotive lightweight construction. When the idea of developing an ultralight, corrosion-resistant, yet high-strength “super steel” was first raised almost 20 years ago, it was considered to have little chance of success—yet not long ago, the 300 millionth phs component rolled off the production line. And most recently, the voestalpine invention that is now standard in modern car bodies was approved for series production by the world’s largest car manufacturer.