Traco Power marks 30 years in Wexford
Thirty years after Wexford TD Brendan Howlin officially opened the Traco Power Solutions factory (formerly Convertec Ltd) at the Whitemill Industrial estate, he re-acquainted with owners and management to put a spade in the ground once more. This time, to plant a tree to mark the milestone of three decades in business in the model county.
The event was attended by the company's owner Mr Rolf Caspar and other senior company leaders, who looked back fondly on those exciting days around the factory's opening back in 1989.
The company was established in Wexford by Dr Werner Wölfle and Mr. Hans Caspar to manufacture DC-DC converters for sale through its Swiss distribution company, Traco Electronic AG, and its German distribution company Comptec GmbH. The company is now owned by its immediate parent company, Traco Electronic AG, operating in Ireland as Traco Power Solutions Ltd, and its main activities are the design and distribution of power supplies. The company currently employs 40 people at the Whitemill Industrial Estate site.
'We started with a factory and a small development team and, over time, put more emphasis on development while increasingly de-localising production as a result of cost pressures,' Mr Caspar said, reflecting on the milestone 30 years. 'We continue to find favourable conditions in Ireland and look forward to assuming more responsibility for the development of the product portfolio of the Traco Power Group.'
Deputy Howlin said the company started out in Wexford just as he was embarking on his own career.
'Thirty years ago I was embarking on a career in politics, just as Convertec was breaking new ground in Wexford,' he said. 'Thankfully both endeavours have proven successful. Longevity in business is to be celebrated. Convertec, now Traco Power Solutions, is a welcome permanent feature of Wexford's manufacturing landscape. I believe that the confidence displayed thirty years ago by Dr Werner Wölfle and Hans Caspar in coming to Wexford has been well justified. I look forward to being invited back to an expanded company to celebrate your 50th Anniversary here.'
Denis Curran of IDA Ireland also praised the company's longevity in Ireland, putting it down to continuous 'transformation and innovation' and he thanked Mr Caspar for his commitment to Wexford and the region.
New Managing Director of Traco Power Solutions Luis De Sousa anticipates a bright future for the Wexford operation.
'Traco Power Solutions have gone through several decades of global competition and de-localization of industrial jobs. It has survived and is one of the few power supply companies remaining in Ireland,' he noted. 'I'm really impressed and I will have to preserve this legacy as the new Managing Director. I foresee an amazing future at Wexford for Traco Power with sustainable growth, competitive technologies and skilled jobs.'