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Welshpool drives manufacturer named Powys Business of the Year 2015
A successful Welshpool-based company, which is world leader in the design and manufacture of variable frequency drives to control electric motors, has been named Powys Business of the Year.
Invertek Drives Ltd collected the coveted accolade together with the Award for Development of New Markets in the UK or Export, sponsored by Mid Wales Manufacturing Group, at the annual awards dinner at Hafren, Newtown on Friday.
The awards, organised by Mid Wales Manufacturing Group and sponsored by Powys County Council, celebrate excellence in business across the county. Compere for the awards ceremony, attended by 230 guests, was TV and radio presenter Iolo Williams.
Providing the opening address for the evening, Cllr Avril York, Powys County Council’s portfolio holder for regeneration and planning, congratulated all 31 finalists in the award categories, saying they represented everything that was good about the county’s businesses. “Powys County Council is committed to working with the business sector,” she said. “By working together we can achieve far more than by working alone and there are and will be opportunities for lots of businesses.
An independently owned company established in 1998, Invertek Drive Ltd employs 190 people worldwide, including more than 150 at its Welshpool headquarters and has doubled its turnover to £22 million in the last five years.
The company’s international sales manager Wayne Morris said: “We are absolutely thrilled to win these very prestigious awards. To become Powys Business of the Year is an honour of the highest order.
“Invertek Drives has grown from a very small endeavour to become one of the world’s leading manufacturers of variable frequency drives. The technology that we produce in Welshpool is up there with the very best in the world and it’s critical that we continue to invest in our people and research and development.
“I am striving to develop the markets in Asia and North America to allow us to continue growing as we have done in the last five years. We employ top quality people from the surrounding area and are now reaping the rewards of the time, money and effort that we have invested to make them the best that they can be.”
The company’s drives, which can halve energy consumption, are used to control the speed of electric motors in a wide variety of industrial automation and energy saving applications.
More than 90 per cent of the products made in Welshpool are currently exported to 80 countries worldwide and the business has subsidiary companies in Germany and Poland and trading operations in Malaysia and Indonesia.
The award judges said: “This is a company that has not been afraid to invest heavily in personnel and research and development and to push the technological boundaries that drives its business to further its ambitions for profitable growth.”
The Judges’ Award went to Riversimple Engineering Ltd of Llandrindod Wells, a pioneering business, which employs 20 staff making hydrogen fuel cell cars. The company is working towards a 12 month market trial of 20 cars next year.
Last year’s Powys Business of the Year, histology and cytology products specialists CellPath Ltd, Newtown, celebrated its 25th birthday by winning the Innovation / New Product Development Award, sponsored by Alun Griffiths (Contractors) Ltd, for two cancer diagnosis products.
The other winners were: Outstanding Apprentice Award sponsored by Federation of Small Businesses, Marisa Buckley-Robins, Anderson Apparel Ltd; Start-up Business Award sponsored by NPTC Group, Great Escape and Fitness, Welshpool; Growth Award sponsored by Finance Wales, Mitchell Meredith, Llandrindod Wells; Entrepreneurship Award, Penllwyn Lodges, Lakeside Golf Club and Restaurant and Argae Hall Caravan Park, Garthmyl; Best Use of Digital Technology Award sponsored by The Cambrian News and The Brecon & Radnor Express, Plant i Ltd, Machynlleth; Social Enterprise/Charity Award sponsored by Mid Wales Housing Association Ltd, Rekindle Small Steps, Newtown; Manufacturing Award sponsored by Myrick Training Services, Stadco Powys, Llanfyllin and Small Business Award Less than 10 employees sponsored by RWE Innogy UK, TGV Hydro Ltd, Crickhowell.
The other category finalists were: Award for Development of New Markets in the UK or Export, Sharp Clinical Services, Crickhowell and Plant i Ltd, Machynlleth. Award for Small Business with less than 10 employees, Black Mountain Gold Chocolate, Crickhowell and MWMAC Ltd, Rhayader. Manufacturing Award, Rees Machinery Group and CellPath Ltd, both based in Newtown. Social Enterprise/Charity Award, Severn Wye Energy Agency, Llandrindod Wells and Mid Wales Food and Land Trust, Newtown. Best Use of Digital Technology Award, The Burger Manufacturing Company, Builth Wells and MWT Cymru, Machynlleth. Entrepreneurship Award, Sporting Hares, Welshpool and K H & J Davies, Brecon. Growth Award, The Burger Manufacturing Company, Builth Wells, Sharp Clinical Services, Crickhowell and Penllwyn Lodges, Lakeside Golf Club and Restaurant and Argae Hall Caravan Park, Garthmyl. Start-up Business Award, Montgomeryshire Homes Ltd, Welshpool and Victoria-Lynn Hair and Beauty, Builth Wells. Outstanding Apprentice Award, Dylan Meredydd Jones from RWE Innogy UK Ltd, Llanidloes and Lucas Evans from Charcroft Electronics Ltd, Llanwrtyd Wells. Innovation / New Product Development Award, Dulas Ltd, Machynlleth and Riversimple Engineering Ltd, Llandrindod Wells.
For more information please contact Ceri Stephens, MWMG Group Manager, on Tel: 01686 628778