EnviroTech :: Innovation
Chemical R&D spending in Germany climbs to record level; VCI calls for tax incentives
10:39 AM MDT | August 14, 2013 | Michael Ravenscroft
Chemical R&D spending in Germany reached a record level of €9.6 billion ($12.8 billion) in 2012, an increase of 6% versus 2011, says German chemical industry association VCI (Frankfurt). The chemical-pharmaceutical industry in Germany plans to extend the R&D budget to €10 billion in the current year. The segment is the third-largest branch of industry in Germany and it is responsible for 17% of the country's total R&D spending. The number of people employed in R&D in Germany has risen continuously since 2005—with the exception...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee