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Siemens to spend more on research

2015-12-08 11:17:58| Industrial Machines - Topix.net

German engineering giant Siemens said on Tuesday it plans to increase spending in research and development to close to five billion euros next year and will open a new research centre in China. "In 2016, Siemens will invest around 4.8 billion euros in research and development, some 300 million euros more than last fiscal year," Siemens said in a statement.

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