Miba has recently celebrated the official opening of the second phase of development at its site in Suzhou Industrial Park, 90 km west of Shanghai, China. The expansion sees a tripling of the plant’s production area and represents a total investment of around €35 million.
The company sees potential for major growth opportunities in China, primarily in the passenger vehicle, truck and ship market. The site expansion will allow local production of engine bearings, sintered Powder Metallurgy components and innovative coatings. The Friction division will also begin production of friction materials at the Suzhou site in the near future.
Miba Precision Components (China) Co. Ltd. (MPCC) was founded in October 2005, with completion of the first phase of development in 2007 providing an 8,000 m² facility. The second phase expansion project began in 2012 and has now added a further 16,000 m², brining the sites total area to 24,000 m².
Around 400 employees already work at the Suzhou site. The newly constructed facility will employ a total of 1000 when at capacity. In the last fiscal year, 6% of Miba’s consolidated revenue was generated by the MPCC site in Suzhou.