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Company has more than doubled investment in R&D
August 22, 2014
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
ASSA ABLOY has once again made the list of Forbes 100 most innovative companies – for 2014 – published on Aug. 20, 2014. “I’m very pleased that we have achieved such success with our R&D,” said Johan Molin, president and CEO of ASSA ABLOY. ”Innovation is the single most important driver for organic growth and the backbone for ASSA ABLOY’s success in the market place,” he added. “It’s for that reason we’ve more than doubled our investments in R&D and the number of development engineers have increased by almost 100%. We are by far the industries most innovative supplier of total door opening solutions. New products launched in the past three years have exceeded our target of 25%.” This year ASSA ABLOY is ranked 93rd. While innovation is prioritized – it also includes information about the various companies’ sales growth over the past 12 months.
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