London, UK Invertek Drives, which is based Welshpool, Powys, is looking to double output by expanding its production and research and development facilities. It is to move into a new 1,000sq metre unit on the Offa's Dyke Business Park at built by the Welsh Development Agency (WDA).
The company, which designs, manufactures and markets electronic AC variable speed drives used to control the speed of electric motors, also plans to increase its staff to 50. The company was set up in 1998 and presently occupies a privately-owned business unit in Four Crosses.
Graham Hawker, the Chief Executive of the WDA said, “Invertek Drives has grown into an internationally recognised player in what is a fiercely competitive global market. Growth has been achieved by careful targeting of their products, and has enabled the company to reap the rewards of investing heavily into research and development.”
Charles Haspel, Invertek's operations director said, “Our move into new and modern facilities is part of a much bigger expansion programme which we believe will lead to the creation of more than 25 new jobs over the next few years.”