news

Fischer to invest in Portugal 5.6 million euros

  • Invest in Portugal
    September 6, 2021

    The Swiss multinational Fischer Connectors, a company specialized in high-tech connectors, has chosen to invest in Portugal in order to expand its business.

    Fischer will invest €5.6 million in the construction of a new factory in Amarante. The Swiss group plans to hire about 100 employees, and in the first phase is expected to recruit around 50 employees.

    The plan is for the factory to be built by the end of 2022, and it will be geared towards the assembly of connectors. It is also the first factory of this kind outside Switzerland. The construction of the new factory in Amarante will reduce production costs.

    This investment is fundamental for the city of Amarante, as well as it is very important for Portugal in general, and confirms the trend of companies to invest in Portugal.

    For Fischer Connectors, the industrial history, cost base, work environment, cultural factors, talent and availability were the main reasons that led the Swiss group to choose Portugal.

    The investment is supposed to confirm the “growth strategy as a global connectivity partner of original equipment manufacturers worldwide”, as Jonathan Brossard, CEO of Fischer Connectors, explains.

    About Fischer Connectors:
    Since 1954 that Fischer Connectors work to create innovative connectivity solutions that help design engineers around the world turn ambitious ideas into success stories. In order to help shape the solutions of the future, Fischer Connectors partners with customers in a variety of industries, solving their connectivity challenges to co-create reliable, high-performance devices. The group employs 500 people worldwide and has ten branches in Europe, the Middle East and Africa, America and Asia-Pacific.

     

    Sources: Eco; Eco News

    Do you want to invest in Portugal?

    Contact us right away so we can give you a little help!

    +351 915 990 790 | +351 289 098 720 | info@neomarca.pt