Canada’s Source of R&D Intelligence
Toronto - June 25, 2002 -Canada's Top 100 Corporate R&D Spenders List 2002, released today by Research Infosource Inc. includes 20 companies headquartered in Québec, 2 in the top 10.
|
Pratt &Whitney Canada #3 (2 in 2000) Alcan Inc.#8 (13 in 2000) Tembec Inc.#11 (21 in 2000) Pfizer Canada Inc. #13 (35 in 2000) Bombardier Inc. #16 (10 in 2000) Merck Frosst Canada Ltd.#19 (new to the list) Hydro-Québec #22 (15 in 2000) BCE Emergis #34 (53 in 2000) C-MAC Industries Inc.#36 (38 in 2000) Aventis Pharma Inc. #37 (new to the list) Novartis Pharmaceuticals Canada Inc. #56 (46 in 2000) |
CMC Electronics Inc.#59 (43rd in 2000) AEterna Laboratories Inc. #63 (63 in 2000) EXFO Electro-Optical Engineering Inc. #65 (new to the list) SR Telecom Inc. #69 (52 in 2000) Schering Canada Inc.#72 (39 in 2000) Cognicase Inc. #84 (88 in 2000) ConjuChem Inc. #85 (new to the list) NSI Global Inc. #97 (new to the list) Rio Tinto Iron and Titanium Inc. #100 (83 in 2000) |
Seven of the Québec companies made Research Infosource's elite "$100 Million Club", reserved for firms that invested $100 million or more in R&D activities: Pratt &Whitney, Alcan, Tembec, Pfizer, Bombardier, Merck Frosst, and Hydro-Québec.
Three Québec firms, Pfizer (pharmaceuticals/biotechnology), NSI Global (communications/telecommunication equipment) and ConjuChem (pharmaceutical/biochem) made the list of the top 10 companies ranked by R&D growth, each increasing R&D spending by over 100% between 2000 and 2001. Montreal's ConjuChem also tops the list of the most research-intensive (R&D spending as a percentage of revenues) firms.
Four Québec companies decreased their R&D investments from 2000 to 2001: Bombardier (-6.7%), CMC Electronics (-12.9%), SR Telecom (-7.8%) and Schering Canada (-34.8%)..
"Québec firms are holding their own in turbulent economic times", says Ron Freedman, CEO of Research Infosource Inc. "The Québec government 's strategies integrating and supporting R&D activities in the province are bearing fruit."
Overall, Canada's leading firms invested $11.9 billion in research and development for fiscal 2001, up a modest 3% from $11.5 billion in 2000. However, Nortel Networks poor performance masked a healthy underlying trend, other Top 100 spending rose by 23.3%. Holding 1st place in R&D spending for fiscal 2001 is Nortel Networks ($5 billion), followed JDS Uniphase ($504.6 million) with Pratt & Whitney Canada ($440 million) in 3rd position, Magna International ($359.2 million) is 4th, and Ericsson Canada ($270 million) rounds out the top five.
Breaking the list down by province, 58 of the top 100 companies are headquartered in Ontario, 20 in Québec, 11 in B.C., 10 in Alberta and one in Manitoba.
The complete Canada's Top 100 Corporate R&D Spenders List is available on the Research Infosource website, www.researchinfosource.com. An in-depth Corporate R&D Spenders Report 2002, based on nearly 600 companies, is slated for publication in July 2002.
Research Infosource Inc., a division of The Impact Group, is Canada's source of R&D intelligence. Drawing from an extensive database, Research Infosource Inc. publishes Canada's Top 100 Corporate R&D Spenders List, Canada's Top 50 Research Universities List, and specialized reports.
Information: Ron Freedman, CEO, Research Infosource Inc. (416) 481-7070 ext. 31
Janet Sandor, Director of Communications (416) 802-5526