|

FRABA Group Marks 2023 with Increased Sales and the Establishment of a New Technology Center

May 23, 2024

FRABA Group Marks 2023 with Increased Sales and the Establishment of a New Technology Center

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.”

More Information

FRABA

Related Story

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%. 

Related Articles


Latest Articles

  • Ensure Food Safety With Clean Compressed Air

    Ensure Food Safety With Clean Compressed Air

    June 11, 2024 Current Good Manufacturing Practices (cGMP), which fall under the Food Safety Modernization Act (FSMA), stipulate the cleanability and cross-contamination standards that food processing plants must follow, ensuring food is safe for consumption. One easy way to meet cGMP and FSMA guidelines is to upgrade your pneumatic systems with proper air filtration systems…. Read More…

  • Power Supply in a Confined Space

    June 5, 2024 Siltronic equips a new wafer production plant in Singapore with connecting cables from HELUKABEL Wafer manufacturer Siltronic’s new production facility has a large number of production machines. There is often little space for the power connection – this requires flexible cables with small bending radii. Thanks to the support of HELUKABEL Singapore… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products