In 2023, the FRABA Group experienced a remarkable 16% increase in overall business activity, resulting in sales of €46 million for the year. As part of its commitment to technology and innovation, the group established a new office and R&D center in Cluj, Romania. This new location allowed the company to attract talented employees with a reputation for technical excellence from nearby universities.
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. The focus on this initiative was to incorporate efficient and up-to-date technologies into their products while reorganizing supply chains to prevent disruptions like those experienced during the COVID crisis. Investment in developing an in-house designed ASIC for the Wiegand sensor business was also a key highlight of the year, reducing dependency on external suppliers and enhancing their control over production processes.
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 strong performance in 2023, FRABA anticipates economic challenges in early 2024 due to decreasing orders from machinery manufacturers.
Despite these challenges, FRABA remains confident that it will achieve long-term success through its responsive business culture and advanced products. For more information about FRABA and their products, visit www.posital.com.
