A Welshpool based company has been recognised as one of the finalists for the UK Manufacturer of the Year 2024.
Invertek Drives, a manufacturer of Variable Frequency Drives (VFDs) based in Welshpool, has been named as a finalist Insider Made in UK Awards which celebrate innovation and excellence in the industry.
The company is already the reigning Manufacturer of the Year in Wales and was on the shortlist for the Manufacturer of the Year with over £25m turnover at the awards in Liverpool on June 27.
Invertek Drives produce VFDs that are used globally to accurately control electric motors in applications ranging from material handling, pumping, ventilation, refrigeration, and HVAC systems from their manufacturing facility at Welshpool.
OTHER NEWS:
- Lloyds announces closure of Powys branch as part of wave of new cuts
- Meet the Powys company that plays a vital role in Glastonbury Festival
- Yellow lines set to be painted in Powys village to tackle shoddy parking
Shaun Dean, Chairman of Invertek Drives, said: “Being named a finalist for this prestigious award is a testament to the hard work and dedication of our team.
“We are proud of our accomplishments in manufacturing, innovation, and our commitment to delivering energy-efficient solutions on a global scale.”
Founded 26 years ago, the company has continued to invest in its Welshpool facility, recently expanding to meet the increasing demand for its Optidrive VFDs, which are used in various applications worldwide to optimise motor control and energy efficiency.
The company employs more than 420 people and has a sales network covering more than 52 countries.
Adrian Ellam, CEO of Invertek Drives, said: “We are honoured to be recognised alongside other leading UK manufacturers.
“This recognition reinforces our dedication to innovation, quality, and the contributions of our talented team.”
In March, the company announced that it had increased its earnings from £76.3 million in 2022, to £96.5 million in 2023.
They cited a number of factors behind their record breaking year, from the USA emerging as their largest customer base, to innovation and investment in VFD technology
Rhydian Welson, Sales and Marketing Director, added: “Our partners have been instrumental in our growth and success. We value their dedication to promoting our products and delivering energy-saving solutions to customers worldwide.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here