History and Company Profile

Corporate Profile

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Company`s History

The Company was established on February 22, 1954, in Caxias do Sul, State of Rio Grande do Sul. As early as 1960, the Company made its first export transactions.

  • 2016

    In 2016, as a result of the completion of the Shares Restricted Offering, a new Capital Increase took place in the amount of R$ 300,000,001.32 through the issuance of 92,592,593 new common shares, nominative, book-entry shares with no par value.  As a result of this increase, the paid-in capital of the Company is now R$ 600,000,001.32, represented by 217,566,343 common shares. Recently, the Board of Directors has authorized the administrators of the subsidiary Fras-le North America to set up a Sales and Engineering Office in Southfield, Michigan, with the purpose of providing more business flexibility and allowing new expansion opportunities in the North American market.

  • 2014

    2014 was marked by a Capital Increase and Share Bonus operation: 24,994,750 new common shares, nominative, book-entry shares with no par value were issued, allocating to shareholders, free-of-charge,  as bonus shares, one new share for every four shares of the same class they hold, that is, bonus shares of 25% of the shares they hold. Therefore, the paid-in capital of the Company is now represented by 124,973,750 common shares.

  • 2013

    In 2013, the shareholders of the Company resolved, in a General Meeting, to convert all of its preferred shares into common shares.

  • 2011

    In late 2011, the Company announced the acquisition of the company Freios Controil Ltda., located in São Leopoldo, in the great Porto Alegre, State of Rio Grande do Sul, a manufacturer of auto parts, brake components and solutions in automotive polymers. Founded in 1957, Controil operates within the Aftermarket and automakers market, especially in Latin America (mostly in Brazil and Argentina). Through the acquisition of Controil, Fras-le expanded and diversified the product portfolio offered by the Company. In this decade, the shipment area in the plant located in Caxias do Sul, State of Rio Grande do Sul, was also expanded.

  • 2000

    In the years 2000, the Company continued to expand. In 2008, Fras-le`s strategy of becoming a global company was boosted through the opening of the sales offices Fras-le Europe (Germany), Fras-le Mexico, and Fras-Le Middle East (Dubai), and by setting up a plant in China for the production of brake linings and pads for commercial vehicles; in addition, Fras-le acquired the friction material business from the American company Haldex, Alabama, United States, aimed at producing brake pads for commercial vehicles and passenger cars. Also in this period, the Company was awarded as the 8th Best Company to Work For in Brazil" (according to the ranking of Exame and Você S.A. Magazines), receiving also the National Quality Award in 2006 and 2007, respectively. Fras-le quality was also recognized through the Certifications OHSAS18001 and ISO/TS16949. In China, the Company received the ISO 9001:2008 Certification, which confirms the Company's constant concern with quality, technology, safety and environment.

  • 1990

    In the 1990s,the Company continued to expand and grow, the subsidiary Fras-le North America Inc. was opened in the United States, which, at that time, was merely a commercial office located in the city of Northville, Michigan, adding later, a warehouse in the city of Gastonia, North Carolina, and  the subsidiary Frans-le Argentina S.A. began to operate with a warehouse in the Province of San Martin, Argentina, installed in a total area of 4,398 m ² (3,300 m ² of building area). In addition, Fras-le Andina Comercio y Performances Ltd. also started its activities with a sales office in the city of Santiago, Chile. This period was also marked by quality certifications achieved by the Company (ISO 9001 and ISO 14001).

    In 1996, the shareholding control of the Company was acquired by Randon S.A. Implementos e Participações and the Company became part of Randon companies.

  • 1980

    In the 1980s, by signing technology agreements with Don International (England) relative to brake linings and pads for light and heavy vehicles, and Abex (United States) relative to brake linings for light and heavy vehicles. In this period, the first asbestos-free friction materials were launched. The 1980s were also marked by the acquisition of Lonaflex, a manufacturer of friction materials then located in the city of Osasco. Lonaflex`s operations were later on integrated into the Fras-le`s plant of Caxias do Sul, remaining under the "Lonaflex" brand up to the present.

  • 1970

    In the 1970s, Fras-le went public, more precisely in 1971. Also in the 1970s, the Company signed a Technology Agreement with Textar (Germany) for its clutch facings line.  Another milestone of this decade was the opening of the first Research and Development Center (R&D) in Caxias do Sul, RS, Brazil.

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