More than 250 new jobs are set to be created by a Welshpool company over the next five years, it has been revealed.
Invertek Drives Ltd has announced the plans for its global headquarters and manufacturing facility with roles in its Innovation team, production, and other business areas.
The company, which is celebrating its 25th anniversary this year, revealed 45 per cent year-on-year sales growth in 2022, with a turnover total of £76.3 million. Adrian Ellam, CEO of Invertek Drives Ltd, said: “We’re already in the process of building a 2,750sq metre extension to our existing 5,500sq metre 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.
An architect's impression of how the extension to the manufacturing facility will look once completed in 2024.Shaun Dean, Chairman of Invertek Drives Ltd and Senior Vice President of its parent company, Sumitomo Drive Technologies, Ltd , added:"Since Invertek was acquired in 2019 SHI has invested more than £30 million into the business at Welshpool.
“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.”
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