Swiss company could create up to 400 jobs in Portugal

 In Companies, Investment, News

The Swiss group Conextivity, which produces connectors and cables, and chose Portugal for a new production factory with the eventual creation of up to 400 jobs, officially inaugurated it this week.

The group, which owns technology companies such as Fischer Connectors and Wearin, opened an industrial unit on Thursday in Amarante in a €15 million investment.

Ever since the group was founded in 1954, connectors assembly operations were always based in its manufacturing factories, its R&D centre and at its Swiss headquarters in Saint-Prex, in the Vaud Canton.

Now Conextivity has chosen Portugal to increase its cables assembly production capacity and “leverage an efficient and intelligent industrial configuration”, comprising two connector assembly production sites: its traditional site in Portugal in Amarante, and a new factory in the same town.

The company invested €15 million, of which €6.5 million came from European community funds.

The new factory in Amarante was officially opened on June 5. “The new Portuguese unit is the first of its kind outside Switzerland” said Sabrina Brossard, President of Conextivity at the inauguration ceremony.

“It is a cornerstone of our vision and growth strategy as a complete service connectivity global partner”, she said, adding that the Portuguese unit “also supports the industrialisation” of the “latest products and solutions” from the group.

The cables and connectors production assembly lines at the factory have been “totally operational since October, 2023, two years after the first stone was laid by the group’s CEO, Jonathan Brossard, having produced to date more than 2.4 million connectors, representing 70% of Fischer Connectors’ production output, one of the companies in the group that also owns Wearin, a company that creates IoT solutions for use in professional clothing.