Lanxess to Increase R&D by 10%

8th June 2009 | 0 Comments

Specialty chemicals manufacturer Lanxess AG has announced plans to increase its research and development budget. Speaking at the company’s Innovation Day on June 5, Board of Management member Werner Breuers stated “innovation is an essential prerequisite if the company is to achieve sustainable long-term success, especially in these difficult economic times. That’s why we’ve increased this year’s investment budget to around 110 million euros, up 10 per cent on 2008.”

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Category: Product News

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