Faist Mekatronic had a turnover of EUR50 million in 2023.
For 2024, Faist Mekatronic has budgeted total investments of EUR1.85 million, aiming to boost the capacity needed for new projects (EUR800,000), automate production (EUR400,000) and build a solar park of 1MWh (EUR650,000). In 2022, Faist Mekatronic had a turnover of EUR57.4 million (RON282.9 million), a net loss of RON1.6 million (RON8.1 million) and an average number of 811 employees, in line with data on finance ministry website. The company currently has 680 employees.
In 2023, the company carried out an investment program of EUR900,000, which wa aimed at diversifying the production capacity, automating production and streamlining energy consumption.
Faist Mekatronic is one of the largest companies in Bihor, a county where mostly automotive and footwear companies operate. The company makes aluminum cast parts in Oradea to be used in telecom infrastructure projects for Ericsson, Nokia and Kathrein, while its automotive customers include Mahle, Borg Warner, Hella, Kongsberg, Brose, Eaton, Wabco, Schaeffler and the Magna group, Faist officials have previously said.