Neutrik Group Announces Opening of New Facility in Hungary

Neutrik Group has announced a new facility in Hungary. With an investment of almost €10 million, the newly established Neutrik Hungary Kft. will support the Neutrik Group’s growth and supply chain regionalization objectives by becoming the group’s regional Center of Competence for manual production activities. Neutrik Hungary Kft., a wholly-owned subsidiary of Neutrik AG, is expected to create 200 – 300 new jobs.

Liechtenstein-based Neutrik Group has restructured as a multi-brand company with an extended portfolio of products, in what the company characterizes as a major reorganization of its global operations. A major global player in the interconnectivity segment, the Neutrik Group develops, designs, manufactures and globally distributes unique electrical and electronic interconnect products and systems under the Neutrik, REAN and Contrik brands.

The Neutrik Group has announced the launch of REAN as a global brand and a complete catalog of connectors for audio, video, lighting, power, and data applications. Since acquired by Neutrik in the 90's, REAN connectors have remained available in select markets. Now marrying over 45 years of precision engineering know-how with the group’s own dedicated state-of-the-art production facilities, REAN is relaunched with a wider portfolio and closer support to audio OEM's.