Invertek Drives are pleased to announce that the company’s commitment to technology and innovation in the manufacture of variable frequency drives (VFDs) as well as its growing international trade has been recognised with a place in the final of two categories at the Powys Business Awards 2016.
The Welshpool-based company is one of three finalists to have been shortlisted for the ‘Technology and Innovation’ award, sponsored by RES, and will also come up against two other firms in the running for the ‘International Trade’ accolade, sponsored by Mid Wales Manufacturing Group.
Invertek’s Sales and Marketing Director, Rhydian Welson, comments, “I am delighted that we have been shortlisted in two categories at this year’s awards, both of which recognise our company’s main strengths.
“Firstly, we put technology and innovation at the heart of everything we do and last year alone saw us design, manufacture and launch two innovative products – the Optidrive E3 and Optidrive Eco. However, innovation does not happen just once or twice a year at Invertek but rather on a daily basis through our customer-specific OEM product service that has already seen more than 40,000 variants specifically manufactured to meet their varied demands.
“Secondly, in international trade, we now employ 190 people worldwide and some 90% of the VFDs made at the Powys factory are exported to more than 80 countries at the moment, ensuring we are are well on their way to achieving our £35m annual sales forecast by 2018, and we are also investing in a new factory to increase our production.
“We are extremely proud to be recognised by the Powys Business Awards and would like to wish all other shortlisted companies the best of luck on the night,” he added.
This latest news follows on from the company’s success at the same event last year when Invertek was not only named Powys Business of the Year but also received a second accolade - the Award for Development of New Markets in the UK or Export, sponsored by Mid Wales Manufacturing Group.
The 2016 Powys Business Awards ceremony is taking place on Friday September 30 at Infantry Battle School, Dering Lines in Brecon – watch this space to find out how we get on!