Founded in Razlog, Bulgaria in 1972 as a state-owned company, MHTB was part of a bigger production structure that was the main manufacturer of electronics not only in Bulgaria, but in the former Economic Collaboration Unit of the East European Countries at that time. It thus launched its long, complex and “fascinating” history. A history in which the company, employees, enterprises and mergers were intertwined with the events of the world, economic and historic developments in continuous transformation.
This is how in the mid of 80s, MHTB has already played a key role in the electronic industry in Bulgaria, and also in the whole economic community of the East European Countries. For many years, electronics and magnetic heads were the company core business. Magnetic heads went through a period of big popularity of international recognition and a seemingly increasing selling success.
1997 – 2000 was a period that retraces a number of ownership changes that took place, as the company fell in the radar of US companies engaged in the magnetic head and electronic industry. It is when the company development links to leading magnetic head designers and manufacturers such as Nortronics, Vikron and MEC. Being sister companies at that time, their designs and technologies have been transferred to MHTB.
In the attempt of rationalizing and optimizing production processes and the product portfolio, MHTB executed two ambitious acquisition projects during the period 2012 – 2016. One being Becher, a Bulgarian manufacturer of mechanical parts and molds and the other - Avel, an Italian manufacturer of electrical windings.
This is when GMI – Global Manufacturing Industries brand appeared first. It was primarily aimed for the US market, but in
time, it has gradually gained popularity on the European market too, covering overall product portfolio.
The new business lines complimented the existing product portfolio but also brought potential for brand new collaborations and partnerships that paved our way for the company development we see today.
Over the next 5 years, with its diversified production capabilities, the company expanded its global footprint with customers in more than 60 countries. In February 2021, the last ownership change took place when BV Holdings seized the opportunity to acquire MHTB and is currently the major shareholder.
Today, with decades of experience in engineering, project management and manufacturing, we are ready to turn your project ideas into reality.
We are not only able to create objects of good quality, but also of technological value, thus making them
recognizable on the international markets.
Far from simply manufacturing mechanical or electronic parts, GMI and MHTB offer an engaging experience, capable of bringing history and future together.
Our vision is to be the globally preferred partner for manufacturing Electrical Windings, Machining Parts, Magnetic Heads, Cables and Wire Harnesses, and Assembly Work, recognized for the integrity of our people, the ethics of our business practices, and the quality of our products.
Through the Employees of MHTB, a team of dedicated individuals with a true passion for production, we are committed to implementing and maintaining best practice production methodologies and state-of-the-art technologies to constantly meet and exceed customer requirements and expectations.
We enthusiastically dedicate ourselves to the successful fulfillment of this mission through deploying responsible business practices and accepting individual responsibility for quality, speed, cost, and people.
Our values are the foundation of our culture. It shapes us into who we are, how we operate, and how we interact with others.
• Trust each other
• Respect each other
• Be open and honest in all our dealings
• Take ownership and have pride in our work
• Do what you say
Living these core values is what makes us an exceptional team!
At GMI-MHTB, we, the employees, are driven and committed to producing and delivering extremely high-quality products to our existing and growing customer base in an accurate, timely, and cost-efficient manner. We believe that our focus and dedication to the following principles are fundamental to our business success:
• Implement and maintain appropriate business management systems that help us add value at every step of the way. Constantly review and improve the effectiveness of these systems.
• Ensure that customer requirements and expectations, as well as local requirements and our own requirements are identified, understood, and communicated and that they are achieved.
• Establish a philosophy of continual improvement throughout our business processes to stimulate the betterment of our quality management system.
• Review our performance, and that of our suppliers, in line with agreed objectives and annual goals.
At GMI-MHTB, we follow an integrated management system (IMS) through which we ensure human health, operational safety, environmental protection, and community goodwill. We are committed to continuously improving our IMS, reducing our EHS risks, and complying with all applicable EHS legal requirements, internal rules, and standards. Our commitment to EHS
applies to everything we do with a special focus on:
• Ensuring and maintaining a high level of qualification of all employees and associates.
• Motivating our employees to play their part in ensuring “zero EHS incidents.”
• Implement, operate, and maintain safe and adequate equipment, operational processes, and work areas.
• Еnsure that visitors and contractors onsite are protected at all times and comply with our EHS requirements.
• Promote the conservation of energy, prevention of pollution, and efficient use of natural resources.