The Neutrik Group has invested almost €10 million in a new facility in Hungary to supports company’s growth and supply chain regionalisation objectives.
It will become the group’s regional centre of competence for manual production activities. Neutrik Hungary, a wholly-owned subsidiary of Neutrik AG, is expected to create 200 –300 new jobs.
The Neutrik Group, founded in Schaan, Liechtenstein, in 1975, develops, manufactures and globally distributes electrical, optical and electronic interconnect products and systems.
Three global brands, Neutrik, Rean and Contrik, the Neutrik Group provides audio, video, power and data connectors, network devices and power distribution systems.
The group’s corporate headquarter is located in Schaan, within the Principality of Liechtenstein, where group management, R&D, operations and other corporate functions are based. The group’s global footprint, with more than 1000 employees, consists of manufacturing facilities in Europe, North America and Asia along with strategically located sales subsidiaries in the USA, Germany, China, Great Britain, Japan and France. A network of exclusive distribution partners in more than 80 countries ensures a close proximity to its customers.