Midrex R&D is guided by the following objectives:
- Maximize long-term return on investment of company’s products and services
- Make optimum use of the available human and physical resources
- Maintain a balanced R&D portfolio (between basic, applied and developmental)
- Foster a favorable climate for creativity and innovation
Midrex has built its business on a “renewable technology” concept, a self-sustaining cycle that blends science, engineering and real world experience to constantly renew and improve technologically sound processes and systems. The MIDREX® Technology Cycle is powered by the spirit of innovation that is centered on the Midrex Research & Development Technology Center, located in Pineville, North Carolina, USA.