Miba AG

Miba officially opened its new Miba Drivetec India production site in Pune on November 21, 2019. The space for production and administration more than doubles, from 1,000 to 2,600 square meters.

Miba acquired the industrial bearing segment of John Crane Group, which has three plants in the US and one in Germany. The deal gives Miba entry into development and production of industrial bearings.

Miba plans to build two new plants in China over the next four years, investing EUR 100 million. The company also reported record fiscal 2017-2018 revenue of EUR 888 million and plans for more than 2,000 additional jobs worldwide.

Miba Power Electronics Group will invest around EUR 10 million in a new high-power resistor production plant in Qingxi near Shenzhen, China. The plant is to employ about 300 people and begin operations in mid-2019.

Austrian technology group Miba plans to invest around EUR 100 million in China over the next four years. Two new plants are being built in Suzhou near Shanghai and Qingxi near Shenzhen.

Smith Group agreed to sell the bearings business of mechanical seal maker John Crane to Austrian company Miba AG for US$35 million. The divestment was reported in 2018.

Miba took over full ownership of EDMS, a Slovenian manufacturer of power electronics components, effective September 1, 2017. Miba previously held 49% of the company, which employs about 40 people in Sentjernej.

Austrian technology group Miba AG will raise its stake in Brazilian sinter component maker Mahle Metal Leve Miba Sinterizados from 40 to 100 percent as of 30 June 2017. The company will be renamed Miba Sinter Brasil and operates a site in Indaiatuba near São Paulo.