Search Home Group Innovation Research & Development Research & Development As a steel and technology group and a global leader in technology-intensive industries with the highest quality standards, research & development are the basis for our success. Continuously growing expenditure in this field reflects the high standing of R&D within the Group. By permanently investing in research & development, we ensure that our company can continue to generate new product solutions and processes over the long term. With a research budget of around EUR 170 million for the business year 2020/21, voestalpine is one of Austria’s most research-intensive companies. Facts and Figures 18/19 19/20 20/21 21/22 R&D expenditure in millions of euros 171 174 153 189 Research expenditures have climbed continually in recent years. The expenditures were a bit lower in the business year 2020/21 due to the outbreak of the COVID-19 pandemic and measures such as short time work associated with it. But a budget of EUR 189 million for the business year 2021/22 reconnects the level of R&D activity to the multiyear rising trend and thus reflects the importance of R&D within the Group. The key to voestalpine’s global success is innovation. The current record research budget of EUR 185 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. Franz Androsch, Head of Research & Development at voestalpine Around 0 employees work in R&D. More than 0 sites all over the world. About 0 partners form our scientific R&D network (both national and international). 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 a focus on the further development of steelmaking processes, but also new processes, e.g. 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. Competence centers, such as the Metallurgical Competence Center K1MET or the Materials Center Leoben, which use intelligent methods in material development; Customers: working with them allows us to respond directly to their needs and generates new successful product solutions. These partnerships complement the R&D network in the best way. Click here for blog posts about R&D R&D at voestalpine Sustainability at the focus of research • H2FUTURE and the team behind it Next Contact Franz Androsch R&D and Innovation T. +43/50304/15-6852 Send e-mail About voestalpine voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel. Links Locations Products Corporate Blog Contact Form Microsite greentec steel Data protection/privacy voestalpine Share - Last Price: 31.00 € (-0.50 € -1.59 %) 24.11.2021 17:35:15 MEZ Wiener Börse IR news / Insider information © 2021 voestalpine AG voestalpine-Straße 1, 4020 Linz, Austria T. +43/50304/15-0 Imprint Click on "Accept all Cookies" or assign your own individual settings. All information about data protection is available under data protection. Accept all cookies Accept only essential cookies Individual settings