Small, yet global

Tool manufacturer mibostahl wins new clients following insolvency.

Michael Knauer

GEVELSBERG. The strong position held by the German automotive industry is not just down to the success of world-wide brands like Daimler and Bosch, but is a result of the clever business strategies of numerous smaller companies.

A good example is the tool manufacturer mibostahl in Gevelsberg, Germany. Following in the wake of insolvency, which was concluded in January of this year, the company with its staff of around 20 and a turnover of more than one million euros has managed to turn the tide by landing several important new clients in the recent past, among them Hyundai. The turnaround was made possible on the basis of close contacts with clients and the development of highly specialised tools.

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