Company grows R&D Spending in 2020 amid growing projects
Liebherr Group (Liebherr) invested € 512.0 million in research and development in 2020. The bulk of this was used in the development of new products. A large number of joint research projects with universities, other higher education institutions and research institutes were initiated and continued. Throughout 2020, research and development activities focused heavily on the topic of alternative drivetrain technologies. The Liebherr product portfolio includes multiple fully and partially electric machines and components in product segments such as Mobile and Crawler Cranes, Concrete Technology, Mining and Aerospace and Transportation Systems.
Product Innovation|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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