
 Originally Posted by 
2stroke
					 
				 
				As an industrial breakdown sparky, I get to replace motors regularly which didn't have good 3 phase supply (once the smoke gets out you can't put it back, won't run without the smoke in). Never seen a "phase converter", industrial customers always have 3 phase supply available, sounds pretty fishy to be honest. 
Single phase to 3 phase VFds are common and cheap but only up to around 1.1 kw. Price goes up from there. They only output 220v 3phase so you need to connect a 415v motor in delta (often chinese motors are internally connected in star and the motor needs to come apart to do this). Big single phase motor might be the easiest. 
Either way, remember you're playing with power.
 Edit, if you change the motor you might still find the lathe has a control transformer that's 415 to something lower and will not work on 240v supply.
			
		 
	
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