International automotive industry supplier Miba AG in Laarkirchen, Austria, said sales in the first three quarters of 2008 increased by 4% to 298 million euros (about $405 million). Earnings before interest and taxes increased from 18 million euros (about 24 million US dollars) to 32.4 million euros (about 44 million US dollars). China Powder Metallurgy Business Network Exclusive Information
Company CEO Peter Mitterbauer said: "The sales growth in the first three quarters of 2008 was mainly due to the strength of the company's technology leaders in a clear market segment." Three business segments of the company in the first three quarters (bearings, powder metallurgy and friction materials) ) Sales have increased significantly, with the powder metallurgy business gaining a 37.9% increase.
Company CEO Peter Mitterbauer said: "The sales growth in the first three quarters of 2008 was mainly due to the strength of the company's technology leaders in a clear market segment." Three business segments of the company in the first three quarters (bearings, powder metallurgy and friction materials) ) Sales have increased significantly, with the powder metallurgy business gaining a 37.9% increase.
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