Miba’s Remarkable Growth: Innovation, Expansion and Commitment to Sustainability in the Industrial Sector.

Miba, a leading Austrian industrial company, has experienced remarkable growth in sales over the past year. The company’s revenue grew by 8.1%, reaching a total of 1.205 billion euros. Miba is involved in the production of technologies used in gears, rotors, and electronics for wind turbines and components for electric vehicles.

In particular, the wind energy sector has seen tremendous growth for Miba, with sales tripling in the past two years. This growth can be attributed to the company’s innovative solutions such as plain bearings for gears and friction pads for brakes.

Miba’s expansion doesn’t stop there as they continue to grow their presence globally through investments both domestically and internationally. In 2023, they made an investment of 130 million euros with plans for similar investments in the future year. The company is also opening new factories in Mexico and China while expanding existing facilities in Austria. They are also investing heavily in training and education centers for their employees to ensure continued growth.

Despite concerns about rising labor costs in Austria compared to other countries, Miba remains optimistic about its future growth and production in Europe. They serve both local and international markets and have not been significantly impacted by trade disputes between the EU and China. With over 7,600 employees worldwide, Miba continues to innovate and expand its presence in the industrial sector.

Overall, Miba’s growth story is a testament to their commitment to innovation and expansion across various sectors such as wind energy and e-mobility while maintaining a strong foothold within domestic markets through strategic investments that will drive sustainable long-term success.