The Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, has championed the strength and innovation of Welsh manufacturing and reiterated the Welsh Government’s unwavering support for the vital sector on a visit to one of the largest private sector businesses in the Mid Wales region.
NIDEC Drives, formerly known as Control Techniques, has been a cornerstone of Mid Wales’ economy for over five decades. The business, which designs and manufactures advanced electric motor control technology, was founded in 1973 as a small start-up and has since grown into an international success. With a turnover of around £125 million, the company contributes significantly to the Mid Wales economy.
The Welsh Government is committed to working with companies like NIDEC Drives to secure high quality employment opportunities and ensure Wales remains a world-leading manufacturing nation.
The Welsh Government has supported the company over many years, and in 2021 Welsh Government funding helped NIDEC Drives transfer production from China to its Newtown base. This year also marks 30 years since the company took up occupation at its Y Gro site, where its worldwide research and development centre is located.
For further information please select the following link: Manufacturing sector championed on visit to major mid Wales employer | GOV.WALES.
Innovation can help your organisation to become more competitive, increase sales and enter new markets. Here you can find out what support and funding is available to help you to innovate: Support and funding | Business Wales.