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Austria tops the list of the world's "hidden champions"
27. April 2023On a per capita basis, the Central European countries of Austria and Switzerland are in the lead together with Germany. The three German-speaking countries account for more than half of the world's hidden champions.
The world market leader in water-saving textile production, for example, is the Austrian company Lenzing Group. While the production of a cotton shirt requires around 2,700 liters of water, a shirt made of Lyocell - Lenzing's material - uses only 180 liters.
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“I can make a strong case for Austria’s universities”
As a global technology company in industrial automation headquartered in North Rhine-Westphalia, Germany, Beckhoff AutomationBeckhoff Automation () employs 5,300 staff in 75 countries and generates annual revenue of more than €1bn. Beckhoff has been active in Austria since 1997 and is steadily expanding its sites, most recently in Bürs, Vorarlberg.