FORWARD SHAPING THE FUTURE SUSTAINABLY - TECHNOLOGIES FOR A CLEANER PLANET - Miba
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Annual Report 2020/21 FORWARD SHAPING THE FUTURE SUSTAINABLY N T IO N IZA B O AR DEC L E O P P E IZ ATIO N L I TA G DI TECHNOLOGIES FOR A CLEANER PLANET ENERGY ENERGY ENERGY ENERGY English GENERATION TRANSMISSION STORAGE USE
2 3 INHALT Shaping the future sustainably with 03 Miba Digitalization TECHNOLOGIES BE AHEAD 56 FOR A CLEANER PLANET Miba House of Digital Transformation – our digitalization strategy Core areas of the digital transformation 58 59 Miba Application Engineering Tool 60 Quality assurance through visual inspection and artificial intelligence 60 Miba mSolutions: Even greater product quality via globally networked machines 61 Let’s ROC! Bots take over monotonous routine tasks 62 01 Smart Miba products 63 Miba Strategy MIBA 100 – ENERGIZE GROWTH 8 04 Miba Community Miba 100 – Our growth strategy until 2027 Growing sustainably in existing markets and in new areas 10 12 GROWING TOGETHER 64 Miba 100 Energize Growth 13 Miba Lighthouse 14 Solidarity and responsibility: How we are coping with the coronavirus pandemic 66 Innovation and technology: Ideas create growth 15 Plant expansion and new plant construction 68 Our employees: The foundation for growth and success 15 Compliance and Miba Code of Conduct: Guidelines for our work 68 Technologies for a cleaner planet 16 Miba’s core values and corporate culture: Innovation and technology 69 Team talk: Decarbonization 18 Miba Campus 70 Team talk: Digitalization 20 Miba Leadership Academy 71 Miba Executive Committee 23 Global Graduate Program 71 MLA program continued in 2020 too: Learning in times of the coronavirus pandemic 72 Career opportunities in times of the coronavirus crisis 73 New training concept for apprentices and specialists 73 02 Responsibility for our employees 74 Assistance with childcare is more important than ever during the pandemic 76 Miba Decarbonization Financial support for employees during the coronavirus crisis 77 Social responsibility 78 Art and culture enrich our lives 81 CUT CO2 24 SUSTAINABLE ENERGY GENERATION Wind power Hydropower Solar energy 26 27 31 31 SUSTAINABLE ENERGY USE Powertrain technology: Miba technology for all powertrains Innovation award for Miba sputter technology First customer approvals for lead-free bearings 40 41 42 42 05 Miba Facts Gas-fired power plants SUSTAINABLE ENERGY TRANSMISSION 31 32 Sintering technology: For more efficient and cleaner drives Dry multi-disk clutches from the Miba Friction Group deliver many benefits 43 44 FINANCIAL STRENGTH 82 Power resistors for high-voltage direct current transmission 33 Miba friction technology 44 eCharging – Energy-efficient and cost-effective charging of electric vehicles 34 Safe, quiet brakes for high-speed trains 44 Key figures for fiscal year 2020/21 84 Smart grids – Intelligent control of power grids 35 Air-cooling product jointly developed by DAU and the Miba Sinter Group 45 Development of Miba’s business 86 SUSTAINABLE ENERGY STORAGE 36 e-mobility 46 Management Board and Supervisory Board 90 Miba and Voltlabor merge their core competencies 37 Power resistors for electric vehicles 47 Production sites and employees worldwide 92 Miba and Voltlabor become part of the European battery initiative EuBatIn 38 EBG invests EUR 2 million in production facilities for e-mobility 47 Product portfolio 94 Voltlabor Terra platform: New battery solution for commercial vehicles 39 Miba Powerfuse: Safety for electric vehicles 48 Miba FLEXcooler® adapts to the shape of battery cells 39 Axial flux motor: Miba drive for actuators and pumps 48 Encoders/new coatings: New innovations for rotary encoders and batteries 49 Pin winding: More Copper in stators leads to greater efficiency in electric motors 49 Miba Frictec: Clutches for e-axles increase engine efficiency 50 IMPRINT Resource conservation in use and production: Multi-Pad design 50 Use in EUV lithography: High-tech coating for microchips 51 PUBLISHER TRANSLATION AND PROOFREADING PLEASE NOTE Responsibility for the environment and society 52 Miba Aktiengesellschaft, Dr.-Mitterbauer-Straße 3 Greller-Schweickhardt GmbH, Pernhartgasse 8, Klagenfurt Rounding differences may occur when rounded amounts and 4663 Laakirchen, Austria, www.miba.com Reichl und Partner Werbeagentur Gesellschaft m.b.H., Linz percentages are added together. Projections relating to Miba AG’s future performance are estimates that have been arrived EDITORIAL STAFF PICTURE SOURCES at based on the information available at the time when this Wolfgang Chmelir, Theresa Kubicka, Miba Aktiengesellschaft, Laakirchen annual report went to press. If the assumptions underlying Ulrike Reisenberger, Wolfgang Wendy Matthias Witzany Photography these projections do not materialize, or if risks occur at CONCEPT AND DESIGN iStockphoto.com magnitudes other than those calculated, the actual results Reichl und Partner Werbeagentur Gesellschaft m.b.H., Linz Shutterstock.com may deviate from the projections. Jahresbericht 2020/21 www.miba.com
4 5 HIGHLIGHTS HIGHLIGHTS 2020/21 February 11, 2020 February 25, 2020 April 2, 2020 May 20, 2020 At the Digital Innovation Camp in the fall of 2019, Miba was Miba sets up a Corona Crisis and Prevention Team. It coordi- The Miba owner family establishes a Mitterbauer Covid-19 Emer- Miba Steeltec in Vráble, Slovakia, completes its plant expan- looking for the best new digital ideas from all areas of business nates Group-wide protective measures for our employees, gency Aid Fund. It is endowed with € 500,000 and is available sion. This includes the construction of an additional production and countries. Three winning teams subsequently continued which are supplemented by regionally adapted rules at site to employees worldwide who run into situations that threaten hall of around 5,500 square meters and a new administration to develop their concepts. Now they present their ideas to the level. The objective of “healthy people – healthy company” their livelihood due to coronavirus-related financial losses. building of around 600 square meters. Miba Management Board – and get the go-ahead to implement becomes Miba’s guiding principle in the pandemic and helps us The support will be paid out quickly, discretely and unbureaucrati- all of them. cope with it well. cally, and does not have to be repaid. October 1, 2020 September 14, 2020 September 1, 2020 August 24, 2020 Our employees’ health is our most valuable asset, and Miba Our apprentices of today are our specialists of tomorrow, so The Miba Leadership Academy resumes its activities again fol- For the sixth time in a row, Miba offers a vacation program for Sinter Brasil in Indaiatuba near Sao Paulo has achieved a special even in the coronavirus crisis, Miba is focusing on training lowing the interruption in the first lockdown. Lifelong Learning employees’ children. In cooperation with Otelo, the open tech- milestone here: two years without occupational accidents. Our apprentices. Altogether, our company employs almost 300 ap- is one of our core values, and personal exchanges are an es- nology laboratory, and in compliance with the coronavirus mea- company takes many measures worldwide for the prevention of prentices worldwide. Around 25 boys and girls are starting their sential factor for successful learning. Therefore, we are focusing sures, the children are introduced to a fun way of handling tech- potential hazards and work accidents. And we help our employ- apprenticeship this fall in Upper Austria alone. once again on meeting up physically – in strict compliance with nology at the Miba Forum in Laakirchen. Together with Otelo, ees get fit and stay fit with preventive healthcare programs. the protective measures and combined with online training we also established a childcare provision for school-age children where appropriate. in the event of school and class closures in the fall. October 20, 2020 October 20, 2020 November 25, 2020 January 27, 2021 Normally in October, hundreds of Miba specialists and manag- For the 7th time we honor the best innovations in Miba with a With our Christmas Charity, we are supporting reforestation Miba and Voltlabor, where Miba holds a share, are two of only ers from all over the world get together at the Miba Convention Franz Mitterbauer Award, named after the founder of our com- of the local recreation area on the Orava River in Dolny Kubin, six Austrian companies that the EU Commission includes in to exchange ideas and set the course for the upcoming months. pany. For the first time, it does not go to a Research and Devel- which was severely damaged by a storm. We operate our big- the IPCEI (Important Project of European Interest) program In 2020, this event takes place virtually for the first time. opment team, but to the eleven digital innovators from Austria, gest production plant in the world in the Slovakian city. Every “EuBatIn”. The aim of the initiative is to establish a competitive Slovakia and India who are behind the mSolutions project – year, the Miba Christmas Charity supports a project in one of European battery industry. a global platform for networking real-time machine data. the Miba regions worldwide. Annual Report 2020/21 www.miba.com
6 7 AWARDS 7 8 9 AWARDS 2020/21 10 Miba’s efforts and activities to maintain a successful partnership with all its stakeholders won multiple awards once again in 2020/21. 1 2 3 6 COPEL – SUPPLIER AWARD IN SILVER In November 2020, Miba Industrial Bearings Brasil received the Supplier Award in Silver from Copel. 11 7 WEICHAI – SUPPLIER OF THE YEAR AWARD In December 2020, the Bearing Branch of MPCC – Miba Precision Components (China) received the Golden Supplier of the Year Award from Weichai. 8 WEICHAI – DEVELOPMENT PARTNER OF THE YEAR 4 In addition, the MPCC Bearing Branch received the Development Partner of the Year 2020 Award from Weichai. 9 CNHTC – QUALITY OF THE YEAR AWARD 12 1 ROLLS-ROYCE POWER SYSTEMS (MTU) – SUPPLIER AWARD IN GOLD Our customer CNHTC China gave a Quality of the Year In February 2020, Miba Gleitlager Austria was awarded 2020 Award to the MPCC Bearing Branch. the Rolls-Royce Power Systems (mtu) Supplier Award in Gold in the “Best Precast Supplier 2020” category. 10 WUXI DIESEL – INNOVATION OF THE YEAR In December 2020, MPCC Bearing was awarded the 2 JOHN DEERE – BEST IN CLASS QUALITY 5 Innovation of the Year 2020 Award by Wuxi Diesel, FAW, AND DELIVERY PERFORMANCE for its innovations. In February 2020, Miba Drivetec India once again received an award from John Deere for its particular 11 BGF SEAL OF QUALITY FOR WORKPLACE product and delivery quality. HEALTH PROMOTION All Miba locations in Upper Austria were once again 3 HENAN MARINE – SUPPLIER OF THE YEAR AWARD awarded the BGF Seal of Quality for 2021 to 2023. In September 2020, the Bearing Branch of MPCC – The Seal of Quality is awarded for three years at a time. Miba Precision Components (China) received the Supplier of the Year Award from Henan Marine Diesel. 12 PRATT AND WHITNEY – SUPPLIER GOLD CERTIFICATION 6 4 JDEC CHINA – STRATEGIC CORE SUPPLER AWARD Pratt and Whitney’s conferring of Gold supplier status on In addition, the MPCC Bearing Branch also received Miba Gleitlager Austria in February was not only a good the Strategic Core Supplier Award from JDEC China start to the new fiscal year, but also the official conclusion in September. MIBA INDUSTRIAL BEARINGS BRASIL LTDA to a 20-month qualification process. 5 UPPER AUSTRIAN STATE PRIZE FOR INNOVATION In November, Miba Gleitlager Austria received the special award for radical innovation for its sputter technology. This award is only given out in special cases. Annual Report 2020/21 www.miba.com
8 9 MIBA 100 ENERGIZE 01 MIBA STRATEGY GROWTH In 2027, Miba will celebrate its 100th anniversary. Our new corporate strategy “Miba 100” defines how we want to grow sustainably and profitably until then, and how we want to set course for the second century of our company’s history. Annual Report 2020/21 www.miba.com
10 11 MIBA STRATEGY MIBA 100 – OUR GROWTH A CLEAR MISSION: TECHNOLOGIES AN EVER-SMALLER CARBON STRATEGY UNTIL FOR A CLEANER PLANET FOOTPRINT IN PRODUCTION 2027. SETTING The foundation for the new strategy Miba’s contribution to decarbonization “Miba 100” is the corporate mission does not only comprise the technologies “Technologies for a cleaner planet.” that the company produces. “With our THE COURSE FOR “With our technologies, we want to ambitious programs, we are already re- make a contribution to a cleaner planet ducing energy and water consumption and a world that is even more livable,” is and waste volumes in production today. THE FUTURE. how Mitterbauer describes it. “This is a This means we are constantly reducing strong driving force for all of us – for me our carbon footprint. We will consistently personally as well as for our employees.” continue down this path and even accel- Mitterbauer introduced the corporate erate it,” says Mitterbauer. F. Peter Mitterbauer CEO of Miba AG mission in 2013 when he took over as CEO of Miba. And today it is more sig- DIGITALIZATION AS A GROWTH nificant than ever. “The future belongs OPPORTUNITY to sustainable technologies, and so our corporate mission offers growth oppor- The second major megatrend of our tunities through 2027 and beyond,” says time is digitalization. “Almost unnoticed, Mitterbauer. digitalization has changed our daily lives considerably. It is also greatly changing SUSTAINABILITY THROUGHOUT industr y – the way we work and our THE ENTIRE ENERGY VALUE CHAIN products,” says Mitterbauer. “Like de- carbonization, this makes it a challenge “Our focus is directed towards the entire for Miba, but above all an opportunity.” energy value chain,” says Mitterbauer to Miba’s digitalization strategy is based explain the direction of the new corpo- on several pillars: on the one hand, it is rate strategy. “Miba technologies should about making internal production and contribute to making the generation, administration processes digital, auto- transmission, storage and use of energy mated and thus more efficient. On the efficient, sustainable and climate-friend- other hand, it is about networking data ly. For example, with products for wind through big data and artificial intelligence, power and solar energy or hydropower. thus continuously improving the product With solutions for the efficient transmis- quality and production processes. And, sion of energy in power grids with the last but not least, it is about creating real lowest loss possible. With battery sys- added value for customers through digital tems and battery components. And with additional benefits for Miba products or technologies for more efficient, more digital services. sustainable use of energy in the drives of vehicles, ships, aircraft, construction and agricultural machinery or industrial appli- Decarbonization and digitalization are 2027. The year in which Miba will celebrate the 100th anniver- cations. This also describes Miba’s new sary of its founding. The new corporate strategy “Miba 100” corporate vision: ‘No Power without Miba the megatrends of our time. In the com- describes how the company wants to grow sustainably until Technology.’” then. But the new corporate strategy does much more than ing years, they will shape not only so- this, discribes F. Peter Mitterbauer, the CEO of Miba AG. ciety and the economy, but Miba as “It also sets the course for Miba’s development for the period „ after 2027, for our company’s second century.” “Miba 100” re- well. They are challenges, but above places the previous strategy “Miba 2020”, which was concluded at the end of the previous fiscal year. all growth opportunities. With the new “Miba 100” strategy, Miba describes ENERGY ENERGY ENERGY ENERGY „ how it wants to utilize these mega- DECARBONIZATION AND GENERATION TRANSMISSION STORAGE USE trends and grow sustainably – through DIGITALIZATION ARE CHALLENGES, to the 100th anniversary of Miba in 2027 BUT ABOVE ALL GROWTH Miba wants to make a contribution to decarbonization with technologies and products for the sustainable generation, transmission, storage and use of energy. and beyond. OPPORTUNITIES. For more details, see “Miba Decarbonization” on page 24. Annual Report 2020/21 www.miba.com
12 13 MIBA STRATEGY IN EXISTING MARKETS AND IN NEW AREAS GROWING SUSTAINABLY Miba has always been Each branch grows and thrives in its own as a successful family-owned business. OUR MISSION OUR GOALS right – just like each division of Miba in In addition, its innovative strength, the a stable, financially its traditional market and with existing basis for technology and product leader- Technologies for a cleaner planet • Transforming Miba to shape the next 100 years • Growth both in our core businesses and by entering independent and healthy products. ship. And last but not least, its employ- OUR VISION new fields organically and through M&A company. And it has always ees with their expertise and their com- No Power without Miba Technology • Global no. 1 in our market segments been committed to long-term, Each branch can also produce new mitment, who take care of our Miba tree • Inspiring place to work sustainable and profitable shoots – just as each part of Miba can like gardeners. • Sustainable growth to over EUR 1.5 billion growth. “You can compare grow in new markets and with new prod- ucts in addition to the existing business. “The illustration of the tree describes OUR VALUES Miba to a tree,” says F. Peter how we intend our company to grow • Technology Leadership ENERGY ENERGY ENERGY ENERGY Mitterbauer. “Just as its From small shoots, strong branches can until 2027 and beyond. Sustainably and GENERATION TRANSMISSION STORAGE USE • Lifelong Learning many branches together form grow over time – just as Miba ultimately profitably. In existing and new markets, • Entrepreneurship the crown, so our divisions develops new, strong divisions from new with existing and new products. But • Passion for Success shape Miba.” business areas. And it is even possible to always with the clear acknowledgement OUR STRATEGY MIBA 100 make the tree even stronger and more that many individual parts together are Striving for technology leadership in demanding, robust by grafting on new, previously ex- a healthy, sustainably-growing whole,” economically attractive market segments along the traneous branches – just as Miba grows says Miba CEO F. Peter Mitterbauer. With energy value chain by utilizing the potential in completely new areas through acqui- the “Miba 100” strategy, the company of decarbonization and digitalization. sitions. intends to grow to an annual revenue of EUR 1.5 billion by 2027. And it is clearly For a tree, its strong roots are a footing staking its claim to be a global market, „ and a source of strength; for Miba, these technology and innovation leader in its come from its financial stability and inde- market segments. G RIN pendence, its values and operating prin- ciples, and its more than 90-year history SI BEA NT ER N „ IO WE WANT MIBA TO GROW LIKE A TREE. SUSTAINABLY IC T POW FR ER E AND HEALTHILY. OUR STRONG ROOTS SHOULD ENABLE LEC TRO NIC THE GROWTH OF OUR EXISTING BRANCHES. AND THEY S S SHOULD ALSO GIVE NEW BRANCHES POWER TO GROW. FIE LD W F. Peter Mitterbauer NE CEO of Miba AG STR ATE G IC U NIT S INDEPENDENCE FAMILY-OWNED COMPANY FINANCIAL STABILITY VALUES & PRINCIPLES PEOPLE INNOVATION & TECHNOLOGY Annual Report 2020/21 www.miba.com
14 15 MIBA STRATEGY MIBA LIGHTHOUSE: INNOVATION AND TECHNOLOGY: CLEAR VALUES IDEAS CREATE GROWTH AND PRINCIPLES A spirit of innovation, technology leadership and proximity to customers and their projects GUIDE THE WAY to shape the future – all of these make Miba stand out in the global competition “We are driven by our ideas and passion for technology. And our attitude in never patents and employs 300 people in re- search and development – ”a clear com- today and in the future too, they all make an important contribution to reducing settling for what we have achieved, but mitment to innovation and technology,” the carbon footprint,” says Mitterbauer. always looking for the even better solu- says Mitterbauer. It is the development Future technologies for the production, tion for our customers,” explains Miba of new solutions for decarbonization transmission and storage of energy, and CEO F. Peter Mitterbauer. “This is how and digitalization in particular that needs new, innovative approaches to digitaliza- we have reached global leading positions additional R&D power. One important fo- tion are also important priorities. in many of our markets. We want to ex- cus is drive technology: “Modern, clean, MISSION VISION pand this position further with innovation internal combustion engines, hybrid TECHNOLOGIES FOR A CLEANER PLANET NO POWER WITHOUT MIBA TECHNOLOGY and technology.” Miba now holds 400 technology, and pure electric drives – PRINCIPLES 100% CUSTOMER FOCUS The new corporate strategy “Miba 100” A spirit of innovation and technology is embedded in the system of values and leadership are just as much foundations operating principles that guide us in our for the successful utilization of the INNOVATION megatrends of decarbonization and daily work. The Miba Lighthouse brings digitalization as are the expertise, them all together. “The Miba Lighthouse commitment and worldwide collaboration INNOVATION gives us orientation. It gives us a clear fo- of our employees. PEOPLE & TECHNOLOGY cus on our goals when making strategic decisions and describes the framework PROCESS EXCELLENCE in which Miba works. Therefore every corporate strategy is always based on the Miba Lighthouse,” explains CEO F. Peter Mitterbauer. OUR EMPLOYEES COLLABORATION AND LEADERSHIP RESPONSIBILITY THE FOUNDATION FOR GROWTH AND SUCCESS VALUES With their expertise, personalities and entrepreneurial spirit, Technology Leadership Miba’s employees make a significant contribution to the company’s success. Lifelong Learning Entrepreneurship This is true today, and will be true even ly keep on learning,” explains F. Peter to their respective needs. In times of Passion for Success more in the future. “To successfully Mitterbauer. Global collaboration, equal change and in particular chances, it is implement the “Miba 100” strategy of opportunities and diversity, and an open important to continuously develop pro- exploiting the opportunities offered by corporate culture with flat hierarchies fessionally and personally,” Mitterbauer decarbonization and digitalization, we are also indispensable for Miba’s future is convinced of this. Lifelong learning is need curious, open-minded people. Per- success. “It is important to find the best therefore one of Miba’s core values. sonalities who want to take new paths, people for all this – and to offer them assume responsibility and continuous- training and development customized Annual Report 2020/21 www.miba.com
16 17 MIBA STRATEGY TECHNOLOGIES FOR Our corporate mission “Technologies for a cleaner planet” is the driving force in our daily work, giving us energy and guidance. A CLEANER PLANET With components that are critical to the function of applications along the entire energy value chain, we want to make a contribution towards an even more efficient and sustainable generation, transmission, storage and use of energy. This illustration shows the areas where Miba’s technologies already make such a contribution and the segments we aim to continue to develop in the future. CRADLE-TO-GRAVE: Miba products accompany the entire cycle of efficient generation, transmission, storage and use of energy ENERGY GENERATION ENERGY TRANSMISSION ENERGY STORAGE ENERGY USE WIND POWER EFFICIENT ELECTRICITY TRANSMISSION BATTERY MODULES AND COMPONENTS HIGHLY-EFFICIENT POWERTRAIN (e.g. high-voltage direct current (HVDC) TECHNOLOGY: SOLAR ENERGY transmission / medium voltage direct BATTERY THERMAL MANAGEMENT CONVENTIONAL DRIVES current (MVDC) transmission) HYBRID DRIVES HYDROPOWER ELECTRICAL SAFETY COMPONENTS FULLY-ELECTRIC DRIVES SMART GRIDS FOR BATTERIES GAS AND DIESEL GENSETS, TURBINES (intelligent networking and control VEHICLE APPLICATIONS of power grids) COATING SOLUTIONS OUTSIDE THE POWERTRAIN FUEL CELLS FOR BATTERIES (e.g. auxiliary drives) COMPRESSORS AND PUMPS COMPONENTS FOR CHARGING INDUSTRIAL APPLICATIONS INFRASTRUCTURE FOR ELECTRIC VEHICLES WELL-TO-TANK (production and provision) TANK-TO-WHEEL (dispensing and use) Annual Report 2020/21 www.miba.com
18 19 MIBA STRATEGY TEAM TALK DECARBONIZATION GROWTH BY USING OUR OWN A STABLE PARTNER WITH A GLOBAL DIFFERENTIATION VIA INDIVIDUAL EXPERTISE AND VIA ACQUISITIONS FOOTPRINT COMPONENTS – DEVELOPMENT IN CLOSE COOPERATION WITH OUR “But what does this mean for Miba Miba’s industrialization expertise is also CUSTOMERS MARTIN LIEBL RUDOLF MORAWETZ KATRIN ZORN KIM WANG and where is the greatest potential for a major advantage for customers. “There Member of the Head of Pin Winding / Stator Business Development Manager Future Vice President Sales & Marketing, growth?” asks Katrin Zorn. The Miba ap- are a wealth of companies thronging the The technological requirements for prod- Management Board of Miba AG Unit in the Miba eMobility team Products at the Technology EBG China proach is based on two pillars, says Mar- market with innovative ideas for decar- ucts for electric drives, for example, are Competence Center of the Miba tin Liebl: “On the one hand, we want to bonization. Miba differs from them in its becoming greater all the time, the sys- Bearing Group develop and produce new products from expertise in industrializing these ideas tems themselves are becoming better within Miba. For example, our team is in- and developing them into series produc- and thus more complicated and sophis- tensively involved in five areas of applica- tion. We can also offer our global network ticated. “The result of this is that in the tion that we have defined for e-mobility. of 31 production sites in all the major electric drives area too, customers will INNOVATION IS IN OUR DNA, WE WANT TO USE IT In addition, we want to grow via M&A customer markets. And we know how to increasingly differentiate themselves TO PROACTIVELY SHAPE DECARBONIZATION and look for companies that are a good fit for us culturally and want to take the next organize global supplier relationships and supply chains,” says Miba Management via the individual components,” says M artin Liebl. “Here it is necessary to step in their development together with Board member Martin Liebl. develop solutions in close cooperation Global climate protection Miba is a diverse, global company – and rate mission “Technologies for a cleaner us.” Rudolf Morawetz discusses where with our customers. To know their re- so the group discussing decarbonization planet”. And on the other hand, Miba there are benefits for such companies quirements in detail and contribute our targets are accelerating with Martin Liebl is also made up of em- has always seen opportunities in new from partnering with Miba: “Growth expertise. We do this by acting as a decarbonization, in other ployees from different parts of the world. things. “It is in our DNA to look towards means being innovative and always think- team, as we have always done at Miba.” words the gradual reduction Austrian Katrin Zorn is developing bearing the future with a spirit of innovation and ing about the industrialization of the “What mindset do the Miba employees of the carbon footprint. Miba solutions for Miba for new application thus find clever technology solutions products. This industrialization expertise need for this?” asks Kim Wang. “We Management Board member areas. As an e-mobility expert, the South for our customers,” says Liebl. It is also is exactly what we, as Miba, contribute.” need people who are excited by tech- Martin Liebl talked with Tyrolean Rudolf Morawetz is responsible mainly a matter of finding solutions to nology and understand the market and for the Pin Winding business unit. And the customer’s challenges that only Miba customers”, says Liebl. “Team players employees about how Miba Kim Wang is the head of the Sales and can develop and produce. This applies who work together with our customers intends to use this megatrend Marketing at the Miba power electron- along the entire energy value chain, from to develop what they really need. Who and sustainably grow from it. ics specialist EBG in China. Martin Liebl its production through to distribution and gain the trust of their customers and makes one thing clear right at the begin- storage, and use. are alongside them from the product ning of the conversation: Miba’s attitude development to the series production. towards climate protection targets and At Miba, we rely on such people – and decarbonization is a positive one. On the such people will feel comfortable in our one hand, this corresponds to our corpo- corporate culture.” Annual Report 2020/21 www.miba.com
20 21 MIBA STRATEGY TEAM TALK DIGITALIZATION MARKUS HOFER JESPER HANSEN SAMMY FISHER KAROL JANAS Member of the Management Board Vice President IT, Miba AG Divisional Human Capital Business Operations Excellence Manager, and CFO of Miba AG Partner, Miba Sinter Group Miba Steeltec CORPORATE CULTURE IS THE DECISIVE SUCCESS FACTOR Digital platforms make customer orders, customer contact, and the supply chain FOR THE DIGITAL TRANSFORMATION more efficient and more agile. And digi- talization of internal processes in produc- DIGITAL TRANSFORMATION STRATEGY tion and administration enables greater DIGITALIZED PRODUCTS DIGITALIZATION Miba has a clear goal: we want to take on the role of a Digitalization is changing the way we product quality, faster processes and AND SERVICES OF PROCESSES Manufacturing efficiency live, work and produce. “For Miba, this many new insights from the wealth of forerunner in the digital transformation in our markets – is a challenge, but above all an oppor- data available in Miba worldwide. All of Overhead process efficiency by using digitalization to create new business opportunities SCM service digitalization tunity. We want to use digitalization to this is described in the “Miba House of Design and engineering services and make internal processes more efficient and more agile. successfully implement the digital trans- Digital Transformation”, which is present- Data driven value-added services Platform economies We discussed how this can be achieved with a colorful Miba formation of our business model, our ed in detail from page 58 onwards. “On group from around the world: Miba AG Management Board CAPABILITIES production and our administration,” says the one hand, the essential basis for a Business member Markus Hofer, Miba Group CIO Jesper Hansen from Management Board member Markus successful digital transformation is the Quick Continuous Data validation adoption Fast scaling model monetization innovation 1 2 3 4 5 Hofer. Smart products with a digital ad- ability to develop and scale ideas quickly Denmark, American Sammy Fisher, and Karol Janas ditional benefit bring real added value for and agilely. And then using this to develop from Slovakia. our customers. This is also what the new innovations for our business model and The “Miba House of Digital Transformation” describes our digitalization strategy. services based on data aggregation and benefit from the data available in the com- For more details, see “Miba Decarbonization” analysis are doing. pany,” adds Miba CIO Jesper Hansen. from page 58 onwards. Annual Report 2020/21 www.miba.com
22 23 MIBA STRATEGY Bernhard Reisner Vice President Bernd Badurek Human Capital General Manager Miba Sinter Group, Coatings, Purchasing Christoph Ederer General Manager Miba Bearing Group DIGITALIZATION REQUIRES FREEDOM TO MAKE DECISIONS, LEARNING FROM DIGITAL NATIVES COLLABORATION OF IT AND AGILITY AND A “FAIL FORWARD OPERATIONAL BUSINESS FAST” CULTURE Sammy Fisher and Karol Janas want to know whether digital natives can drive The Miba employees Sammy Fisher and M i b a M a n a g e m e n t Bo a r d m e m b e r the culture in the company, and whether Karol Janas want to know how digitaliza- M arkus Hofer is convinced that doing employees who have been with us for tion will change the way we work togeth- this successfully requires the right skills many years can learn from them. Jesper er. “If the digital transformation is to suc- and abilities – but above all, the right Hansen is certain that young talent that ceed, it has to be a shared task for the corporate culture. Sammy Fisher and has grown up in the digital world can whole of Miba,” says Markus Hofer. It is Karol Janas want to know what culture make a big difference: “A ‘bottom-up’ also clear to the group that while IT can that is. “Our corporate culture must be approach is certainly helpful, because contribute their expertise in digital tech- based on openness and agility. It must digital natives can inspire their colleagues nology and the possibilities this offers, give employees the freedom to try things and accompany them in the digital trans- it is only the employees who are opera- out, and develop ideas and so-called formation.” But a clear commitment F. Peter M itterbauer tional in the market who know the cus- “minimum viable products” from this. If from the management is also needed CEO tomers’ needs. They are really close to they are successful, then there must be alongside this. “They are the ones who the customer, and therefore know what the capacity to scale them up quickly. If set an example by leading the way,” adds tasks we can help them solve. Miba they do not work, then we also need to Markus Hofer. Ultimately, the key to suc- Markus Hofer Martin Liebl has relied on this kind of networking be honest with ourselves and to stop cess is not only to incorporate the digital CFO Member of the and collaboration for some time now, as the projects quickly,” says Markus Hofer. transformation as an essential part of Management Board Jesper Hansen explains: “Our colleagues In this corporate culture, “Fail Forward developing the strategy of every area of in the Miba divisions have recognized the Fast” is the guiding principle for the business, but also to bring it to life there many benefits of digitalization. Over the development of new ideas. “It does not every day. “Each and every manager in past few months, a wealth of ideas have contradict the ‘zero defect’ mindset in every area of business should be con- emerged from this, which we want to production, because there what matters stantly wondering: How do we use the develop further.” above all is consistently offering the best digital transformation in the long term product quality for our customers,” Hofer for our business success in the next six adds. to seven years and beyond? If we un- derstand this importance and necessity MIBA EXECUTIVE COMMITTEE: BROADLY POSITIONED and act accordingly, then we will make digitalization an essential factor for the successful implementation of the Miba 100 strategy.” FOR A SUCCESSFUL FUTURE The newly created Executive Commit- kets, and successfully implement the tee members include the Managing tee is Miba’s top operational governing new Miba 100 strategy. In addition to Directors of the two largest Miba divi- body. Its purpose is to lead the compa- the three Miba Management Board sions (Sinter and Bearing) Bernd Badurek ny effectively into the future, adapt to members, F. Peter Mitterbauer, Markus and Christoph Ederer, and Vice President the new conditions in the global mar- Hofer and Martin Liebl, the commit- Human Capital Bernhard Reisner. Annual Report 2020/21 www.miba.com
24 25 02 MIBA DECARBONIZATION With our technologies we are contributing to decarbon- ization and a smaller carbon footprint. We are doing this out of our responsibility to our planet and the next generations. And we are using the growth opportunities arising from sustainable technologies. CUT Annual Report 2020/21 www.miba.com
26 27 MIBA DECARBONIZATION WIND POWER: SUSTAINABLE A SUSTAINABLE GROWTH MARKET ENERGY FOR MIBA The importance of wind power is grow- which will cooperate closely with scien- GENERATION ing constantly. The Global Wind Energy tific institutions and with the wind power Council can prove this impressively with team in Austria to develop solutions for figures: a production capacity of 750 the even more powerful and efficient gigawatts is now available worldwide. wind turbines of tomorrow. This brings a CO2 reduction of 1.1 billion tons, which is equivalent to the annual carbon footprint of the whole of South America. Worldwide, new wind turbines with a generation capacity of more than 90 gigawatts were built in 2020 alone, Sustainable energy is one of the most important which is 50% more than in the previous 750 2,7 foundations of decarbonization. With Miba Tech- year. Miba sees great opportunities for growth in wind power, so we already gigawatts nologies, we want to make power generation more offer a broad range of products for this Current wind power market. Miba is also building a “Re- sustainable and cleaner. In this way we want to newable Energy Innovation Center” at generation capacity worldwide make a contribution to reducing the global carbon the Osterode site in northern Germany, footprint – and utilize opportunities in billion tons of CO2 507 1.1 MIBA TECHNOLOGIES a strongly-growing market. FOR WIND POWER: Worldwide reduction of the Bearings for main gearbox and rotor bearings carbon footprint by means of Friction components for breaks in wind turbines wind power – equivalent to Power resistors for current and the annual carbon footprint of voltage optimization Cooling technology for switchgear the whole of South America cabinets in wind turbines Milling equipment for the construction of offshore wind towers Annual Report 2020/21 www.miba.com
28 29 MIBA DECARBONIZATION HIGH-END WIND TURBINES NEED EBG power resistors: MIBA BEARING TECHNOLOGY 90% OF WIND TURBINE MANUFACTURERS RELY ON EBG POWER RESISTORS The importance of wind power is grow- this area grew strongly in 2020. Under ing, and with it the performance require- the project name “Blue Ocean”, the Miba Power resistors supplied by the Miba durable. Around 90% of wind turbine ments of wind turbines. In the future, Technology Competence Center in Laa- company “EBG Resistors” are used in manufacturers now rely on EBG technol- turbines will be designed to generate kirchen is mainly also looking into the wind turbines for current and voltage ogy – because our resistors are much 14 megawatts and more, which is more use of Miba technologies in other wind limitation, harmonic limitation or as mea- more compact than comparable products than twice the amount today’s systems power applications. Thus, for example, suring resistors for improving the grid and therefore require a smaller installa- can output. At the same time, the in- Miba bearings are also to be used in quality. In this way, they contribute to tion space. stallation space should not be enlarged, future in the main rotor bearings of wind making the turbines more efficient and due to cost reasons. The rolling bearings turbines, where they will ensure greater traditionally used will struggle to meet efficiency and lower maintenance costs. these requirements, so manufacturers of gearboxes in wind turbines are switching to Miba bearing technology. At the Laa- kirchen site, a wind power team was set up for these customers, which plans and implements customer projects. Sales in Bearings for wind turbine gearboxes AN INNOVATION CENTER FOR RENEWABLE ENERGIES IS BEING ESTABLISHED IN LOWER SAXONY At its production site in Os- Miba is closely networked with terode in northern Germany, top-level research institutes, and Miba is establishing an “In- the company will also continue Wind power provides an novation Center for Renewable Energy” to expand these collaborations, important building block where the company is pooling its exper- especially in Lower Saxony. There for the decarbonization of tise related to the efficient use of sus- will also be close cooperation with power generation. We are tainable energy sources, especially wind Miba’s wind power team in Austria and proud that Miba can contribute to this. power. In addition, the center will also the R&D team of the Miba Technology develop and produce bearing solutions Competence Center, which has been Christoph Ederer, General Manager Miba Bearing Group and Member of the for modern high-speed trains such as working intensively for some time on Miba Group Executive Committee the ICE. The development of bearings at new application areas for bearings. DAU cooling technology: INTELLIGENT THERMAL MANAGEMENT The cooling technology from the Miba will measure the temperature of the elec- company DAU ensures that the power tronic components and provide important electronics equipment in the switchgear data to the entire system. This will enable cabinets of wind turbines is constantly the optimization of the overall system kept at the correct temperature. Our aim and thus precise planning of mainte- is to achieve optimal cooling as installa- nance cycles. This not only saves users tion spaces become smaller and smaller. money; it also prevents damage and un- This protects the power electronics that necessary maintenance work – and thus are critical to the equipment operation. In makes a contribution to greater sustain- the future, our cooling technology will be ability and a smaller carbon footprint. digitalized: then sensors on the heat sink DAU cooling technology Annual Report 2020/21 www.miba.com
30 31 MIBA DECARBONIZATION Safe and effective: MIBA FRICTION TECHNOLOGY HYDROPOWER: SLOWS DOWN ROTORS SAFELY FULL ENERGY FLOW WITH MIBA EXPERIENCE In order to avoid damage to wind tur- and state-of-the-art production processes bines caused by strong winds, the rotors means that Miba sintered friction mate- need to be slowed down. This increases rials have stable friction coefficients and the safety of the wind turbine assem- improved wear resistance. Our friction MIBA, ONE OF THE WORLD’S LARGEST blies, which weigh around 300 tons, and prevents energy overloads. The safest technology is used on both the high- speed and low-speed rotor shaft of wind HYDRO BEARINGS SUPPLIERS method for this is to use brakes with fric- turbines. Many wind turbine manufactur- The Miba industrial bearing plant in between 31 and 80 megawatts) and large tion components, such as those offered ers rely on Miba technologies, which are Cataguases, Brazil, is one of the world’s plants (more than 80 megawatts). Our by Miba. They resemble the disc brake used worldwide in a large proportion of three largest suppliers of “hydro bear- mechanical engineering specialist “Miba on a bicycle, but are much larger, so they the brakes for wind turbines. ings”, in other words bearings for tur- Automation Systems” is also active in slow the rotors down safely and effec- bines in hydropower plants. Miba bearing power plant construction. The company Friction technology for wind turbines tively. The use of high-quality materials technology is used in small hydropow- develops and produces CNC machines, er plants (power generation below 30 which enable components to be pro- megawatts), medium (power generation duced more accurately and efficiently. Miba is a global technology leader: MILLING SYSTEMS FOR THE CONSTRUCTION OF OFFSHORE WIND TURBINE TOWERS SOLAR ENERGY: Wind turbines off the coast are anchored to the sea floor with foundation assem- or to their installation. Miba Automation Systems (MAS) designs and builds cir- to achieve a high-quality welding connec- tion for their assembly. Miba is the global SOAK UP THE SUN WITH MIBA’S EXPERTISE blies measuring up to 100 meters in cumferential and longitudinal weld seam technology leader in this segment and height, and they must withstand the milling machines for its wind power cus- has already sold a sizeable number of stresses of the rough seas. These as- tomers; these are used to pre-machine such systems in recent years. semblies consist of around 30-meter-long the individual tube elements for offshore steel tubes that are welded together pri- wind towers with high precision, in order MIBA TECHNOLOGY IN ALMOST ALL SOLAR ENERGY PLANTS FROM WELL-KNOWN MANUFACTURERS Solar energy also plays an important role and performance – especially in compar- in the sustainable energy mix of the fu- ison to wire-wound resistors, since the ture. Already today, power resistors from EBG technology makes it possible to the Miba subsidiary EBG can be found in include a greater number of resistors in thick-film technology in the inverters of a single housing. In addition, heat sinks almost all solar energy plants from well- and heat pipes from Miba’s subsidiary known manufacturers. They enable the DAU protect the electronic components in best balance between component size solar energy plants against overheating. GAS-FIRED POWER PLANTS: FULL THROTTLE WITH MIBA EXPERTISE BEARINGS FOR MORE EFFICIENT GAS-FIRED POWER PLANTS Miba bearings ensure that compressors, productively. In addition, they increase Miba milling systems are used in the gearboxes and turbines in gas power the system lifetime and reduce wear. construction of offshore wind turbines. plants can operate more efficiently and Annual Report 2020/21 www.miba.com
32 33 MIBA DECARBONIZATION SUSTAINABLE ENERGY Power resistors for high-voltage direct current transmission: REDUCE ENERGY LOSS BY 4 PERCENT TRANSMISSION The electricity industry is facing the chal- lenge of transmitting electricity over long distances with low energy losses, for example from wind turbines off the coasts to the cities inland or over very long inland distances. Our EBG power resistors and DAU coolers are used here. In high-volt- off shore wind power parks into high-volt- age direct current, by protecting the elec- tronic switches and other applications against voltage fluctuations and cooling them sufficiently. In the consumer region, the electricity is then converted back into alternating current and fed into the grid. age direct current transmission (HVDC This reduces the energy loss by four per- Transmitting electrical current as free from losses as technology), they contribute to safely con- cent compared to conventional alternating verting the alternating current produced in current transmission. possible contributes significantly to energy efficiency. Our power resistors help to reduce transmission losses in high-voltage direct current technology, and help to make power grids “smart” and thus more efficient. In addition, kilometers our technologies make charging electric vehicles more energy-efficient and more cost-effective. 2,7 3,300 is the distance conquered by the longest current highway in the world. It was put into operation in China in 2019. High-voltage direct current transmission (HVDC technology): Consumption: Alternating Conversion: current Alternating Transmission: current High-voltage Electricity direct current generation: Alternating current Annual Report 2020/21 www.miba.com
34 35 MIBA DECARBONIZATION Smart grids: INTELLIGENT CONTROL OF POWER GRIDS Smart grids are intelligent energy grids in to plan the power demand and grid ca- which all parts of the energy system inter- pacity better, and make it easier to find act, as they are interconnected via a com- grid faults. EBG power resistors are also munication network. EBG high voltage re- used for this purpose. Before they used sistors from Miba are used in smart grids our technology in intelligent sensors, to measure voltages in the power line and grid operators always transported only a detect failures or defects. This safeguards certain amount of energy over the distri- the stability of the entire grid. EBG power bution lines in order not to overload them resistors excel with their compact design, and without knowing the actual demand. precision and long-term stability. The sensors distributed in the grid enable the amount of energy transported to be EBG TECHNOLOGY FOR determined much more precisely than in U.S. POWER GRIDS the past. Ultimately, this will make a major Energy suppliers in the USA are currently contribution to a wider usage of regen- working on optimizing their grids. In the erative energies like PV or wind with the future, modern, intelligent meters and existing grid and therefore reducing the measuring sensors will make it possible ecological footprint. eCharging: ENERGY-EFFICIENT AND COST-EFFECTIVE CHARGING OF ELECTRIC VEHICLES Our power resistors are also installed in smoothly. Due to their compact design, the charging infrastructure for electric which achieves significantly higher pow- vehicles, in so-called fast and ultrafast er density with the same size, our EBG chargers, in the power range of 150 kilo- power resistors enable a more compact watts to 350 kilowatts. Here they have and cost-effective charging infrastructure an important protective function, and for electric vehicles. This benefits the by removing higher power in the event environment and reduces the costs for of a fault, they ensure that the pow- the end user. er electronics will continue to function 2,7 energy loss -4% is achieved by the high-voltage direct current transmission technology (HVDC). Miba EBG resistors make U.S. power grids smart and efficient. 150- 2,7 kilowatts 350 is the power range of fast and ultrafast chargers for electric vehicles. The measurement of the actual voltage by means of our high-precision high-voltage resistors enables the optimum utilization of power grids. Our high-precision high-voltage resistors used in measuring devices in intelligent power grids make an important contribution to the efficient use of regenerative energies. The next generation with an even higher measuring accuracy is currently being developed. Raimund Ratzi, Head of R&D, Miba Power Electronics Group Annual Report 2020/21 www.miba.com
36 37 MIBA DECARBONIZATION SUSTAINABLE ENERGY STORAGE Miba and Voltlabor merge their core competencies A COMMON GOAL: GLOBAL SUPPLIER OF BATTERY SYSTEMS Forklifts, commercial and municipal vehicles, electric cars or drones for de- Miba invested in the Mühlviertel com- pany Voltlabor in 2019. The company livery services in heavily populated metropolitan areas: they are all powered specializes in the development and pro- duction of batteries. As the competen- and controlled by electricity. Their core element is batteries. Together with cies of Voltlabor and Miba complement Voltlabor, in which Miba has had a shareholding since 2019, by combining each other perfectly, they were merged to optimally exploit growth opportunities. our expertise and using Miba’s global market access and worldwide pro- The common goal is to establish a major supplier for the development and produc- duction sites we want to establish a global supplier of battery systems and tion of battery systems which is Austrian battery components. in origin and operating worldwide. Voltlabor is contributing its expertise as a system manufacturer of batteries to the joint market development. Miba is providing not only its thermal manage- ment technology FLEXcooler®, but also its industrialization expertise and global network of production sites, from which regional customer relationships are al- ready being established today. In the future, they can also be used for battery production in the respective markets. Driverless transport systems from Agilox with batteries from Voltlabor Annual Report 2020/21 www.miba.com
38 39 MIBA DECARBONIZATION Only six Austrian companies selected by the EU Commission: MIBA AND VOLTLABOR BECOME PART OF THE EUROPEAN Voltlabor Terra platform: BATTERY INITIATIVE EuBatIn NEW BATTERY SOLUTION FOR COMMERCIAL VEHICLES One of the EU Commission’s key stra- as an additional boost for growth for both ogies are a relatively new business area With the TERRA platform, Voltlabor has tegic goals is to develop a competitive companies, which want to use it to es- for Miba, but we see strong growth defined customized battery solutions for European battery production. For this tablish their battery technologies on the opportunities in them. These range from road and off-highway vehicles. With the purpose, it launched the IPCEI (Important market even faster. As a comparatively drive technology for vehicles, ships or different dimensions, the batteries meet Project of Common European Interest) small player, for Voltlabor its participation aircraft, through to solutions for power the current installation space require- program “EuBatIn.” Miba and the compa- is a special distinction, and shows the plants and power grids, and battery tech- ments. Different interconnection options ny we have invested in, Voltlabor, are two company’s clear position as a pioneer in nology. can be implemented through the modular of only six Austrian companies that have battery technology in Austria. approach. The high scaling of the battery been invited to participate. As part of a packs with serial/parallel interconnection two-year qualification process, the tech- MILLIONS IN INVESTMENTS PLANED means they can be expanded to larger nologies offered by Miba and Voltlabor After years of careful development of battery systems to meet customer re- were tested from top to bottom. In addi- the product and production, multi-million quirements. tion, a rigorous assessment of the busi- euro investments will now enable the ness model and growth prospects was establishment of exemplary battery pro- The award-winning, flexible-shaped Miba carried out. Finally the potential of the duction in Austria. This will make Voltlabor FLEXcooler ® is installed in the battery two companies was confirmed at EU lev- GmbH the biggest Austrian manufacturer packs. The TERRA platform is developed el. Their inclusion in the initiative serves of Li-ion battery packs. Battery technol- in accordance with automotive standards (FMEA, APQP, PPAP, R@R). This guar- and for the automated series production antees the traceability of the installed with the highest quality requirements components. Flexible battery cooling for electric vehicles: MIBA FLEXcooler® ADAPTS TO THE SHAPE OF BATTERY CELLS One of the main challenges when de- between the battery cells and the cooling veloping electric drives is the thermal system. Another advantage of the Miba management of the batteries. This is FLEXcooler® is its low weight. It can be key for the vehicle’s range and battery used for prismatic, cylindrical and pouch life, and is also an important factor for battery cells. fast charging. The current trend in de- velopment is toward liquid cooling. The main challenge here is to establish an optimal thermal connection between the battery cells and the heat sink. With the Miba FLEXcooler®, Miba has developed a battery cooling system which, with its Our innovative flexible shape, adapts optimally to the components, such as battery cells. The Miba FLEXcooler ® is the FLEXcooler® and the the first liquid cooling system on the Voltlabor battery technology, are very positively received on the market which, due to the close connec- market. tion between the battery cells and cool- ing system, not only optimally absorbs We are currently seeing a sharply increasing demand for electrification and dissipates heat, but also does not in a wide range of applications. Our require any gap fillers, namely battery technologies are already be- materials to fill the space ing used in applications on water, on the ground, and in the air. Our goal now is to scale these technologies worldwide to fulfill our “Technolo- gies for a cleaner planet” mission. Stefan Gaigg, Business Unit Leader Battery Components Miba, Managing Director Voltlabor GmbH Annual Report 2020/21 www.miba.com
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