EANS-Adhoc: Miba Aktiengesellschaft / Miba enters into a Joint Venture with an Indian Sintered Components Manufacturer

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Joint Venture India

01.02.2011

- Miba Sinter Group expands its global network with a manufacturing
facility

in India.
- The Joint Venture between Miba and Maxtech Sintered Product Pvt. Ltd. will
provide Indian and International Car Manufacturers and Suppliers with
high-tech sintered components.
- Miba´s advanced powder metal technology and expertise is now available in
India.

Miba, a strategic development partner of the international engine and

automotive industry based in Laakirchen, Upper Austria, is taking
a minority share in the Sintered Components Manufacturer, Maxtech
Sintered Product Pvt. Ltd. (MSPPL) in Pune, India effective
February 1, 2011.

Maxtech Sintered Product Pvt. Ltd. Located in Pune, India employs 80
people and produces sintered components for automotive engines and
transmissions as well as stainless steel components for exhaust
applications.

"The cooperation in India expands our global network and provides our
customers with Miba´s technology and best possible support through
local product development and production. With this investment, we
want to foster our strength in innovation and competitiveness of our
customers," says Harald Neubert, CEO of the Miba Sinter Group.

Miba will transfer its latest powder metal technology to Maxtech
Sintered Product and will localize production of components currently
imported to India from Europe. The first technology transfer and
localization projects are already underway.

Miba will provide global sales and engineering support for MPSSL´s
stainless steel products, which are used in high-performance exhaust
systems.

Growth Market India

India is a fast growing automotive market. More than 3 million new
cars were sold in India last year; most of them produced locally. The
market is forecasted for double-digit growth in the coming years.

Miba enters this growth market with a local production site close to
its largest global customers, who are already producing engines and
transmissions in India, or plan to do so shortly. Customers of MSPPL
will benefit from Miba technology made available locally.

With manufacturing sites in Austria, Slovakia, China, USA, Brazil and
India, Miba Sinter Group is a global development partner to the
automotive industry, and is the technology leader in Powder Metal
applications. Sintered components from Miba are high-precision,
high-strength components produced using the most advanced process
technology. They are used in passenger car engines, transmissions,
steering and exhaust systems.

"Together with the technology leader Miba, we are able to provide our
customers with even more competitive solutions in powder metal," says
Jignesh Raval, Managing Director of MSPPL.

end of ad-hoc-announcement

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The Miba Group

With headquarters in Laakirchen, Upper Austria, Miba is a strategic partner to

the international engine and automotive industry. Sintered
components, engine bearings, friction materials, coatings and power
electronics components are produced at 16 sites worldwide. Miba
products are used for motor vehicles, railways, ships, aircraft and
power stations. Technology from Miba makes these applications more
efficient, safer and more environmentally friendly. Miba has around
3,000 employees, over half of whom work at the Austrian sites in
Laakirchen, Vorchdorf and Roitham. In the 2009-10 business year,
sales of the listed company totaled 311.8 million euros with an
operating result (EBIT) of 16.4 million euros.

Maxtech Sintered Product Maxtech Sintered Product Private Limited
(MSPPL) located at Talegaon, Pune, India with 80 employees is the
unique company in the Asia Pacific region having the stainless steel
sintering technology. The company is currently exporting sintered
stainless steel parts for various applications to automotive
customers in Europe, North America and China. MSPPL is a supplier
of iron based high density sintered parts to various domestic
automobile original equipment manufacturers (OEM) like Mahindra &
Mahindra, Tata Motors, or Hyundai Motors.

end of announcement euro adhoc
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ots Originaltext: Miba Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Mag. Eva Almhofer-Amering
Corporate Communications
Tel.: +43/7613/2541-1117
mailto: eva.almhofer@miba.com

Investoren/Analysten
Mag. Hannes Moser
Vice President Corporate Finance
Tel.: +43/7613/2541-1138
mailto:hannes.moser@miba.com

Branche: Industrial Components
ISIN: AT0000734835
WKN: 872002
Index: Standard Market Auction
Börsen: Wien / official market