Invertek Drives to create 250 new jobs over next five years26 September 2023
At least 250 new jobs are anticipated to be created over the next five years by Invertek Drives at its global headquarters and manufacturing facility in the UK, the company has announced.
The roles will be in its Innovation team, production, and other business areas of the company as it continues to invest in the design and production of its energy-saving variable frequency drives (VFDs) used to control electric motors.
It will also expand the development of careers through its college and graduate training programmes.
The company’s Optidrive variable frequency drives are used globally to control electric motors. The company’s Optidrive P2, for instance, is used in hoist applications.
The announcement comes after the company, which is celebrating its 25th anniversary this year, revealed 45% year-on-year sales growth in 2022, with a turnover total of £76.3m.
Earlier this year, Invertek announced plans to build a new Innovation Centre and HQ adjacent to its site at Welshpool, Powys, which is planned to be completed in early 2025, having acquired the land from the Welsh Government. It will develop next-generation electric motor control technology at the site.
Adrian Ellam, CEO of Invertek Drives, said: “We’re already in the process of building a 2,750m2 extension to our existing 5,500m2 manufacturing and distribution facility, which will allow us to increase production capacity to more than 1.2 million units annually. This will come on stream in early 2024.
“As a result of this, we’ll be creating a range of roles in the areas of production, distribution and manufacturing engineering to support this.”
Shaun Dean, chairman of Invertek Drives and senior vice president of its parent company, Sumitomo Drive Technologies (SHI), said the investment demonstrated the ongoing commitment of SHI to Invertek and this “green energy” segment of the group.
“Since Invertek was acquired in 2019 SHI has invested more than £30m into the business at Welshpool. We have an amazing team and facility that is a world-leader in the development and manufacturing of variable frequency drive technology, here in the UK.
“The demand for global energy reduction highlights the importance of variable frequency drives in accurately controlling electric motors for optimal efficiency. We anticipate significant growth in this area, and this supports SHI’s global commitment to solving environmental and social solutions through its products and services.
“It’s an exciting time at Invertek Drives and we’re proud to be creating good quality, long-term employment and global career opportunities at our Welshpool HQ where we have a committed team.”
Invertek Drives exports 95% of its products and has sales and service partners in more than 80 countries.