According to the German Chemical Industry Association (VCI), the German chemical and pharmaceutical manufacturers will further increase their R&D investment this year despite the extremely difficult economic environment.
Allegedly, this year's German chemical industry R & D investment is about 9.2 billion euros (about 11.8 billion US dollars); in 2011 the amount of R & D investment was 8.8 billion euros, an increase of 6.5% over 2010. Andreas Kammai, a member of BASF's Board of Directors of the German Chemical Industry Association's research and science department, said that the German chemicals and pharmaceuticals industry is the most innovative industrial sector in the country. The strong position of German chemical companies in the international market is also mainly reflected in their continuous research and innovation capabilities. Currently, there are approximately 41,500 employees in the research laboratory of the German chemical and pharmaceutical industry.
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