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Innovation

AMAG's innovation and R&D activities are the driving force behind greater competitiveness and the development of customer-specific solutions as part of its strategy of profitable growth. Many of the product innovations directly or indirectly address current and global social and ecological topics such as fossil resource shortage, recycling, climate change and mobility. AMAG focuses especially on solutions enabling closed loop concepts with customers, reducing environmental impact (e.g. lightweight design components) and offering new and improved application potential.

Research partnerships range from basic research and conventional contract research to specific product development. AMAG supports Bachelor’s and Master’s degree projects and dissertations, partners with the Christian Doppler Laboratory and participates in several COMET centres of excellence (Materials Center Leoben, Pro2Future, AC²T). Last but not least, an endowed professorship at the University of Leoben is being financed and work is ongoing in several working groups throughout Europe in the materials development area. Such measures serve to develop both expertise and personnel.
Further partnerships exist with the University of Leoben, the technical universities of Vienna and Graz, ETH Zürich, Friedrich-Alexander University of Erlangen-Nuremberg, Johannes Kepler University Linz, LKR Light Metals Centre of Excellence in Ranshofen, the FELMI-ZFE Institute for Electron Microscopy and Nanoanalytics – Austrian Centre for Electron Microscopy, Technical University Bergakademie Freiberg, COMET centres Pro²Future and Materials Center Leoben, and the Max Planck Institute for Iron Research in Düsseldorf.

Central measures in the innovation area are:

 

  • Collaboration with institutes in projects lasting several years and expansion of the scientific network
  • Continuous promotion of dissertation candidates to tie them to the Group for the long term
  • Developing specialty products and efficient production processes
  • Tapping new applications for AMAG products
  • Driving digitalisation (automation, simulation, data exchange, statistical analyses within the framework of Big Data, tracking)
  • Certification to further international standards
  • Extending the value chain (e.g. mechanical processing)
  • Science and technology advisory board: Implementation of recommendations
  • AMAG Innovation Award for 2020
  • New research centre opened on schedule

In the 2020 financial year, the AMAG Group’s research and development expenditures amounted to EUR 14.6 million (2019: EUR 15.5 million), of which EUR 14.1 million was in Ranshofen (2019: EUR 15.2 million). A total of 148 employees (December 31 reporting date/individuals) were involved in R&D and innovation assignments in 2020 (2019: 155 employees).