Environmental technology booms in the Green Tech Valley
9. August 2011
In 2010, the 170 enterprises in the cluster ECO WORLD STYRIA achieved a total turnover of almost €7 billion and a growth in environmental technology of more than 13%. With an average annual expansion rate of 19% in the last five years, these enterprises in the Green Tech Valley have grown twice as quickly as […]
As the economic data recently collected by ECO WORLD STYRIA shows, the ground for the Styrian energy and environmental-technological scene in the Green Tech Valley seems more fertile than elsewhere. With revenues derived purely from environmental-technological products increasing by 13.4% compared to 2009, the green-tech enterprises have again shown strong growth. With a five-year average of 19% for 2006-2010, the enterprises have seen expansion at almost twice the speed of the world market rate of around 10%.
In 2010, the total turnover of the enterprises amounted to around €6.9 billion, of which €3.1 billion are from pure environmental-technological products. The growth of 13.4% was relatively even across small and large enterprises, as well as across different areas, such as biomass, water, or waste. Deserving of special mention are solar and photovoltaic components, which showed nominal growth of around 60% in 2010.
Export business has also shown a light increase once again in 2010, with the proportion of exports now amounting to an impressive 86.6%. The research investment of 4.7% points the way to further innovations “Made in Styria”. There are now 32,000 people employed in the ECO Cluster, of which 15,000 have direct green-tech jobs.
As the Styrian economics minister, Dr Christian Buchmann, said: “The dynamic growth of the environmental-technological branch continues at pace. In the last five years alone, 5,500 new green-tech jobs were created in these Styrian cluster enterprises, representing an annual increase of 10%. This is why environmental technology has a firm place as one of the three main themes in the new economic strategy ‘Styria 2020 – Growth Through Innovation’.“
Source: ECO WORLD STYRIA, July 2011
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