Miba AG Business Report FY2009

Business Highlights

Financial Overview

(in million euros)
  FY2009 FY2008 Rate of change
Sales 311.7 374.5 (16.8) 1)
Earnings before taxes 16.3 34.4 (52.6) -
Sinter Group
Sales 125.7 135.4 (7.2) -
Bearing Group
Sales 132.5 160.4 (17.4) -
Friction Group
Sales 51.1 76.5 (33.2) -

-For the Company, a strategic partner to the international engine and automotive industry, 2009-2010 was one of the most challenging years in the Company's history. The first three quarters were marked by the shadow of the worldwide recession. In the fourth quarter, however, the first signs of an improving economic climate became noticeable.


R&D Expenditure

(in million euros)
  FY2009 FY2008 FY2007
Overall 18.7 19.1 16
% of Sales 6% 5% 4%

R&D Structure

-R&D area employed 150 people.
-The key R&D sites are Laakirchen, Vorchdorf and Roitham.


-The number of patent applications increased by 7% in the 2009-2010 business year.

R&D Activities

Sinter Group
-Miba Sinter Group focused on developing sintered gears and complete modules for mass balancing for new, smaller and fuel-efficient engines. Targeted design and process development for noise reduction and cost optimization made it possible to further expand the product portfolio in the area of sintered gears.
-The further development of Miba servo-synchronizers for manual and automatic vehicle transmissions was another area of focus. This system improves shifting comfort and strengthens synchronizer performance. This development has proven itself in experimental testing.

Bearing Group
-Miba Bearing Group focused its research and development activities on the further development of bearings resistant to heavy oil for medium-speed diesel engines. A new lead-free bearing solution with electroplated tin running layer for trucks is being developed.
-Along with the expansion of the range of materials to include aluminum and copper alloys, electroplated backside coating of the bearing shell to improve installation is also a key focus. In order to meet the demands of coming generations of engines, the Company has begun the process of qualifying new materials.

Friction Group
-A new Miba Friction Group engine brake pad should ensure greater comfort through decreased noise in the future.
-New developments in reduced-wear clutch linings for trucks and tractors increase durability.

Investment Activities

Capital Expenditure

(in million euros)
  FY2009 FY2008 FY2007
Overall 19.5 43.1 36.0
Sinter Group 11.2 17.4 18.9
Bearing Group 5.8 20.8 11.9
Friction Group 2.1 3.7 4.0
Others 0.4 1.2 1.2

Sinter Group
-More than half of the EUR 11.2 million in investments went to preparing the new sinter site in McConnelsville, Ohio. This site will open in June 2010. Energy efficient components for engines and transmissions will be produced there in the future.

Bearing Group
-The majority of these investments went to the development of the bearing sites in McConnelsville, Ohio, and Suzhou, China.

Friction Group
-Investments were concentrated largely in measures to increase productivity, primarily at the site in Roitham, Austria.