MIBA reports 40% increase in Group sales

May 11, 2011

May 11, 2011

MIBA AG of Laakirchen, Austria, has reported a 40% increase in its Group sales for 2010-2011 to €437.2 million. 34% of this growth comes from its core segments of sintered components, engine bearings and friction materials.

Group earnings before interest and taxes increased to €54.5 million (2009-2010: €16.4 million). New acquisitions in 2010 have helped to boost sales by around 6%, states MIBA. In April 2010 it took over the British coatings specialist Teer Coatings and in September that year the Austrian power electronics manufacturers EBG and DAU were acquired. Also in September 2010, Miba took over the friction lining materials business of the Swiss-based Hoerbiger Group. The company also established MIBA Drivetec in India in January 2011. As of the balance sheet date of January 31, 2011, Miba had around 3,300 employees at 20 sites worldwide.

The company plans to invest €50 million toward future growth in financial year 2011-2012. This includes the investment in a joint venture announced in February 2011 with the Indian PM components manufacturer Maxtech Sintered Product Pvt. Ltd in Pune. Miba will transfer its latest PM 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 said to be underway. Miba will provide global sales and engineering support for Maxtech’s stainless steel products, which are used in high-performance exhaust systems.



News | Articles | Market reviews | Search directory | Subscribe to e-newsletter



May 11, 2011

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link