Miba enters into joint venture with Indian sintered components manufacturer Maxtech
February 8, 2011
Miba, headquartered in Laakirchen, Austria, has announced that it is taking a minority share in the Indian sintered components manufacturer, Maxtech Sintered Product Pvt. Ltd. (MSPPL) based in Pune.
Maxtech Sintered Product Pvt. Ltd. employs 80 people and produces sintered components for automotive engines and transmissions as well as stainless steel components for exhaust applications. The joint venture will provide Indian and international car manufacturers and suppliers with high-tech sintered components.
Harald Neubert, CEO of the Miba Sinter Group
“The cooperation in India expands our global network and provides our customers with Miba’s technology and best possible support through local product development and production. With this investment we want to foster our strength in innovation and competitiveness of our customers”, stated Harald Neubert, CEO of the Miba Sinter Group.
Miba will transfer its latest powder metal technology to Maxtech Sintered Product and will localise production of components currently imported to India from Europe. The first technology transfer and localisation projects are already underway.
Miba will provide global sales and engineering support for MPSSL’s stainless steel products, which are used in high-performance exhaust systems.
Growth in India
India is a fast growing automotive market. More than 3 million new cars were sold in India last year, with most of them produced locally. The market is forecasted for double-digit growth in the coming years.
Miba produce a range of PM components for use in
automotive engines, transmissions, steering
systems, brakes, exhaust systems and shock
absorbers
Miba enters this growth market with a local production site close to its largest global customers, who are already producing engines and transmissions in India, or plan to do so shortly. Customers of MSPPL will benefit from Miba technology made available locally.
With manufacturing sites in Austria, Slovakia, China, USA, Brazil and India, Miba Sinter Group is a global development partner to the automotive industry. Sintered components from Miba are high-precision, high-strength components produced using the most advanced process technology. They are used in passenger car engines, transmissions, steering and exhaust systems.
“Together with Miba, we are able to provide our customers with even more competitive solutions in powder metal,” added Jignesh Raval, Managing Director of MSPPL.
More information: www.miba.com
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