In 2023, the FRABA Group, a manufacturer of industrial motion control sensors, experienced a 16% increase in overall business activity, resulting in sales of €46 million for the year. The group also established a new office and R&D center in Cluj, Romania as part of its commitment to technology and innovation. Christian Leeser, CEO and majority shareholder of FRABA, emphasized the importance of locating the new office in a city with a reputable technical university to attract talented employees.
Throughout the year, FRABA made significant advancements in introducing a new generation of products for its POSITAL and UBITO business units through its NEXTGEN initiative. This initiative focused on incorporating efficient and up-to-date technologies into the products while reorganizing supply chains to prevent disruptions like those experienced during the COVID crisis. Investment in developing a new in-house designed ASIC for the Wiegand sensor business was a key highlight of the year, reducing dependency on external suppliers.
Additionally, production was increased at FRABA’s factory in Johor Bahru, Malaysia, which features a computer-guided production system for high-volume manufacturing. This expansion addressed the growing demand for Wiegand components and kit encoders, resulting in a significant increase in output compared to 2022. Despite a strong performance in 2023, FRABA anticipates economic challenges in the early months of 2024, especially due to a decrease in orders from machinery manufacturers.
Despite these challenges, FRABA remains confident in its ability to achieve long-term success through a responsive business culture and advanced products. For more information on FRABA and its products, visit www.posital.com.