Miba Aktiengesellschaft

EANS-News: Miba Aktiengesellschaft
Miba increases its interest in Brazilian joint venture

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Joint Ventures/Cooperation/Collaboration

Laakirchen (euro adhoc) - Miba AG, which is listed in the standard market
auction segment of the Vienna Stock Exchange, today signed an agreement to
increase its interest in Mahle Metal Leve Miba Sinterizados Ltda in Indaiatuba,
Brazil, by 10 percent from 30 to 40 percent. In addition, Miba has also agreed
to strengthen the transfer of technology to the Brazilian manufacturing site so
as to expand the present portfolio through the addition of new products.

The joint venture between Miba AG and the Mahle Group has been in existence
since 1998. Mahle Metal Leve Miba Sinterizados Ltda manufactures sintered
components for the South American automotive industry. The company employs 435
members of staff.

Further inquiry note:
Mag. Manfred Luger
Head of Corporate Communications & Marketing Services
Tel.: +43/7613/2541-1123
mailto: manfred.luger@miba.com

MMag. Markus Hofer
Vice President Corporate Finance
Tel.: +43/7613/2541-1138

end of announcement                               euro adhoc 

company:     Miba Aktiengesellschaft
             Dr.Mitterbauer-Straße 3
             A-4663 Laakirchen
phone:       07613/2541-0
FAX:         07613/2541-1010
mail:     info@miba.com
WWW:      www.miba.com
sector:      Industrial Components
ISIN:        AT0000734835
indexes:     Standard Market Auction
stockmarkets: official market: Wien 
language:   English

Original-Content von: Miba Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Miba Aktiengesellschaft

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