Benteler International AG: Segment Analysis

Benteler International AG (Benteler) focus on automotive technology and steel/tube production. The company operates in the automotive, energy, and industrial sectors, providing development, production, and services worldwide. The company offers engineering services in market segments such as automotive, public transportation, commercial vehicles, shipbuilding and other industries.

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Benteler undertaken various R&D initiatives focusing on international cooperation to solve global issues, sustainability, electromobility, lightweight construction, and digitalization. The company is involved in projects like ZEVRA for zero-emission electric vehicles, RecAL for recycling technologies in aluminum, and ULAS E-VAN for electric vehicle battery trays. The company also emphasizes on improving material manufacturing processes, and increasing the use of recycled materials. Additionally, Benteler is engaged in digitalization and Industry 4.0 projects to enhance production efficiency and quality. The R&D units of Benteler include development departments and various international sites. These units are responsible for managing the company's R&D activities, ensuring optimal proximity to customers, and incorporating regional requirements into R&D. The Paderborn site in Germany, the Raufoss location in Norway, the Shanghai site in China, and the Campinas location in Brazil are actively involved in specific research projects. Benteler has 42 R&D centers across 18 countries. In 2024, the company filed 29 priority applications with the patent office. The company collaborates with universities, research institutions, and industry partners on publicly funded projects, focusing on areas like Industry 4.0, future e-mobility, and improved sustainability. In FY2024, the company incurred an expense of EUR59 million in R&D, which as a percentage of revenue stood at 0.7%, and decreased 9% YoY.