The Cabinet Secretary for Economy, Energy and Planning, , 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 £125m, 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 it's 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.
Speaking during a visit to NIDEC Drives, Cabinet Secretary for
Economy, Energy and Planning, , said:
“NIDEC Drives is vital to the Mid Wales community, not just as a
major employer providing skilled jobs, but as a company that
invests in local people through apprenticeships and training. Its
long-standing presence in Newtown and commitment to
sustainability, fair work and the community makes it a
cornerstone of both economic and social wellbeing in the region.
“NIDEC Drives' ambitions for the future align with our vision to
future-proof existing manufacturing capability, take advantage of
future opportunities, and respond to long-term challenges.
“Wales has a strong industrial heritage and harnessing the power
of decarbonisation, digitalisation and skills development will be
crucial if we are to deliver more jobs, innovation, and
resilience for Welsh manufacturing.
“We have supported approximately 46,000 jobs since the start of
this Senedd term through our business support programmes, and we
will continue to make Wales a place where good jobs, strong
businesses, and thriving communities are the foundation of a
stronger, fairer, and greener economy.”
Anthony Pickering, President of Motion Platform for NIDEC Drives,
said:
“We are immensely proud of our long-standing roots in Mid Wales
and of the significant contribution our Newtown site makes to the
regional economy.
“This significant investment demonstrates Nidec's commitment to
sustaining high-quality manufacturing in Mid Wales for decades to
come.
“We strongly believe in championing ‘Wales for Wales' and,
recognising our vital role in the Mid Wales economy, we are proud
to advocate for Welsh industry.
“Nidec Drives remains firmly rooted in Newtown, Powys, and will
continue to invest in the people in and around the local area.”
