Dense Bi2223 superconductor discs with a highly oriented structure were prepared by the sinter-forging method. A detailed investigation of the processing parameters has been carried out on the phase assemblage, the particle size of the calcined precursor powder and the sinter-forging time and temperature. A high transport critical current density, J c , was obtained from a starting powder rich in Bi2212 and secondary phases. Using fine powder, a high degree of orientation, larger than those of multifilamentary tapes, and excellent intergrain connection were observed. The optimal sinter-forging temperature was found to be in the range of 845-850 • C and the transport critical current densities reached values of 12 700 A cm −2 at 77 K in self-field. The combination of textural and microstructural investigations testify that a nucleation-growth mechanism from the Bi2212 particles is responsible for the Bi2223 phase formation, rather than an intercalation process.