11 September 2012 16:30 [Source: ICIS news]
The industry’s R&D spending will be around €9.2bn ($11.8bn) in 2012, up from €8.8bn in 2011 when it rose 6.5% from 2010, Frankfurt-based chemical producers association VCI said
BASF executive board member Andreas Kreimeyer, who heads VCI’s research and science portfolio, said that chemicals and pharmaceuticals rank among
The strong position German chemical firms have on international markets is primarily the result of their continued research and their ability to innovate, Kreimeyer said.
He also called for tax incentives for R&D and measures to ease the access to risk capital, in particular for small- and medium-sized chemical firms.
($1 = €0.78)
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