FRABA Group Marks 2023 with Increased Sales and the Establishment of a New Technology Center
May 23, 2024
In 2023 the FRABA Group, a leader in industrial motion control sensors, enjoyed a 16% increase in overall business activity. Sales for the year increased to €46 million. As well, the group opened a new office and R&D center on Cluj, Romania. “FRABA is an international company with a strong commitment to technology and innovation” comments Christian Leeser, FRABA’s CEO and majority shareholder. “Locating our new office in a city with a well-regarded technical university is an important element in our strategy for attracting talented and energetic employees.”
The year also saw significant progress in the rollout of a new generation of products for the POSITAL and UBITO business units. Leeser continues: “Our NEXTGEN initiative has had two main objectives. The first, naturally, has been to make certain that our products incorporate the most efficient and up-to-date technologies. The second has been to reorganize our supply chains to avoid the problems we encountered during the COVID crisis. In our key Wiegand sensor business, we have invested in the development of a new in-house designed ASIC that will make us less dependent on external suppliers.”
Another highlight of 2023 has been the ramping up of the production at FRABA’s factory in Johor Bahru, Malaysia. This facility features a semi-automated computer-guided production system designed for high-volume manufacturing. It addresses a growing demand for Wiegand components for event sensing and energy harvesting while also increasing manufacturing capacity for POSITAL’s popular kit encoders. Output of Wiegand sensors was twice the volume achieved in 2022 while production of kit encoders has almost tripled.
While FRABA experienced solid growth in 2023, there are signs of economic headwinds, including a weakening inflow of orders from machinery manufacturers. Leeser concludes: “We are confident that our mix of a highly responsive business culture and advanced products will bring us long-term success. However, we recognize that we may face challenges in the early months of 2024.”
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FRABA Group Marks a Successful 2022 With Growth in Key Areas
The FRABA Group, an internationally recognized leader in industrial position sensors and Wiegand technology, has reported a successful and eventful year in 2022. Overall sales were 45 million Euros ($49 million USD). While this number is lower than the 48 million Euros reported in 2021 (largely because of the divestiture of the VITECTOR business unit), sales in the rest of the group were up by 13%.
