Istobal bets on new technologies to ensure market leadership
Istobal, the Spanish company specialised in automotive car wash and car care solutions, increased R&D&i investments by 50% over the past five years.
The Spanish car wash company has set a major focus in technology and development. In the last year, Istobal filed five patent applications for new innovations, bringing its total number of patents to 30.
This year, Istobal spent over 2.4 million Euros in R&D&I, while investment in 2012 came to 1.6 million Euros. Each year the car wash company increases its budget for research and development, according to Istobal.
Valencia-based Istobal exports its products to more than 75 countries, while it has eight European subsidiaries, one in the U.S. and another in Brazil.
