Novartis strengthens Tyrol as a business location with new investments in Kufstein
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During their visit to the Novartis site in Schaftenau, Provincial Councillor Cornelia Hagele and Economic Federation District Chairman Manfred Hautz emphasized the importance of international companies for Tyrol as a business location. Hagele, who is on her summer tour through all Tyrolean districts, learned about the activities of Novartis, which has invested approximately 1.8 billion Euro in Austria over the past ten years. The sites in Kundl and Schaftenau offer over 3,300 jobs and are among the most significant employers in the state. According to Hagele, the site has developed into an important center for research and production over decades. The availability of qualified skilled workers and local know-how is essential for medical progress in Tyrol. Furthermore, the visit focused on the sustainable use of resources; water is crucial for production at the site. In recent years, Novartis has significantly reduced its consumption of water and energy. Hautz emphasized the economic relevance of the company for the region. The more than 3,000 jobs symbolize economic strength and long-term perspectives. From his perspective, stable and competitive framework conditions are indispensable to maintain Tyrol as an attractive location for international companies. Context The visit by Hagele and Hautz to Novartis illustrates the role of international companies for the regional...
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