Invertek builds three millionth VSD and raises sales by 27%
The Welsh drives-maker Invertek Drives has produced its three millionth VSD (variable-speed drive) just three years after hitting the two-million mark. The company, part of Sumitomo Heavy Industries, recorded a record turnover of £96.5m in 2023 – a 27% increase on the £76.3m it achieved the previous year.
Invertek is currently undergoing a major expansion, including a new 2,750m2 facility in Welshpool to boost its production capacity to more than 1.5 million drives a year. With a workforce exceeding 460 employees, the company recently announced plans for a multi-million pound investment in R&D, including a new Innovation Centre and headquarters.
The US and Americas markets have become the company's largest sales area, with Invertek Drives USA generating a turnover of more than £24m in 2023.
“We are incredibly proud to celebrate our record-breaking year and the significant contribution of our US operations,” says Invertek CEO, Adrian Ellam. “We are committed to continued investment in our global headquarters in Wales, creating new jobs and further solidifying our position as a leading innovator in the VFD industry.
“We are expanding our Innovation team significantly to create next-generation VFD products as more and more industries and sectors adopt such technologies to increase efficiencies in systems and reduce energy consumption, leading to improved profitability,” he adds.
Invertek attributes its strong 2023 results to a variety of factors, including its continuous innovation and investment in VSD technologies, strategic investments in global expansion, and focus on easy-to-use and reliable products.
Another factor is its specialised product lines, such as its recent-launched Optidrive Elevator Core VSD, and its Optidrive Coolvert VSDs for heat pump and refrigeration systems. This range has been key in securing large OEM contracts in the rapidly expanding heat pump market.
“Our commitment to innovation has fuelled our success,” says sales and marketing director, Rhydian Welson. “Our significant and continued investment in innovation over the past 25 years has positioned us as a leader in the development of VFD technology. We have a large and dedicated customer base who recognise the ease of use and durability of our drives in a wide range of applications – often in demanding environments.”
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