Stating that “Innovations are key drivers of sustained value creation at Evonik,” Klaus Engel, Evonik’s chairman of the Executive Board, reported that in fiscal year 2014, Evonik’s R&D spending amounted to €413 million, an increase of 5% over the previous year (€394 million). The R&D investment ratio was 3.2% (2013: 3.1%).   “Our intention is to turn Evonik into one of the world’s most innovative companies,” said Engel. “Innovations are a key element of our growth strategy.” noted   ...