Miba Continues Strong Growth

Businessn.a. ♦ Published: May 3, 2012; 15:41 ♦ (Vindobona)

The Austrian automotive component supplier records a significant rise in revenues. Extensive investments in USA and China are planned.

Miba Continues Strong Growth / Picture: © Miba

Miba increased its consolidated sales in the previous business year by 35.6 percent, to € 592.6m. This growth primarily originates from the core business. Miba intends to capitalize on this momentum and plans € 70m in investments for the coming year, 40 percent of which is dedicated to developing the sites in the USA and China.

“2011-2012 was the best business year to date…