Hundreds of new jobs will be created in Ózd

A new company is moving to Johnson Electric’s recently closed plant in Ozd. The investment of the electronics company Neutrik Group in the amount of HUF 3.6 billion will create 200 new jobs in the city in the first phase and 300 in the medium term, the Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday.

According to the announcement of the ministry, the head of the ministry announced in the announcement that after the completion of the project supported by the state with HUF 1.4 billion, the Liechtenstein-based company will carry out the manual assembly of electronic connectors in Hungary.

He highlighted in his speech: The company is a world leader in the manufacture of circuit and electronic connectors used in the entertainment industry.

Thus, the summer festival season would not be possible if Neutrik did not supply the electronic connectors for the microphones. The voices of Hungarian and foreign bands could not be heard at Balaton Sound, VOLT or the Strand Festival

The Minister pointed out.

Péter Szijjártó emphasized that the last two and a half years had been a rather uncertain one. “It has never happened before that in such a short time the system of the world economy has come out of its corners twice,” he said.

The investment will also give a new impetus to the Hungarian electronics industry

He said that the Hungarian economy nevertheless closed the best year ever last year, but despite records, some factories sometimes close in Hungary. He reminded that another company, ABB, had closed its factory in Ózd in recent years, but as the Neutrik Group has now replaced Johnson Electric, Wellis Zrt.

The Minister underlined that the current investment will also give a new impetus to the Hungarian electronics industry. According to him, the performance of the sector, which now employs more than 140,000 people, increased by 21 percent last year. The rate of expansion in the first four months of this year was 16 percent, so the production value of the sector exceeded HUF 3,000 billion during this time.

He also mentioned that Hungarian-Liechtenstein political relations are active and based on mutual respect. He added that the value of bilateral trade turnover last year was 60 million euros, which, although basically not a very high number, is a record.

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