WEG Industries

WEG is a Brazilian company, operating worldwide in the electric engineering, power and automation technology areas. Headquartered in Jaraguá do Sul, Brazil, the company produces electric motors, generators, transformers, drives and coatings. WEG has operations in around 100 countries, with approximately 31,000 employees (2014).

WEG S.A.
Sociedade Anônima
Traded asB3: WEGE3
Ibovespa Component
ISINBRWEGEACNOR0 
IndustryIndustrial engineering
Founded1961
HeadquartersJaraguá do Sul, Brazil
Area served
Worldwide
Key people
Décio da Silva (Chairman)
Harry Schmelzer Junior (CEO)
ProductsElectric motors, Industrial Automation and Control, Generators, Transformers, Switchgear, Drives and Coatings Engineering, Primer, Paint, Varnish
Revenue US$ 3.0 billion (2018)
US$ 344.5 million (2018)
Number of employees
31,497
Websitewww.weg.net

History
Front view of "WEG II, Asa Leste", a unit of WEG Industries in Jaraguá do Sul.

The company Eletromotores Jaraguá was created on 16 September 1961 by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus (respectively an electrician, an administrator and a mechanic). Years later changed its name to Eletromotores WEG SA, the name WEG being formed with the first letter of each founder's first name.

Initially producing electric motors, WEG started diversifying its activities during the eighties, with the production of electric components, products for industrial automation, power and distribution transformers, liquid and powder paints and electrical insulation varnishes. The company grew into a global motor manufacturer.

In 1968, WEG created CentroWEG, a training center to aid in the lack of qualified professionals in the area of mechanical engineers.

In May 2008, WEG announced a new factory in India.[1]

In February 2012, the Canadian manufacturer Ballard Power Systems signed a deal with WEG to assess the market opportunities for hydrogen PEM fuel cell products and services in applications.[2][3]

In February 2019, WEG acquired Energy Storage System, the storage business of US-based Northern Power Systems (NPS). WEG had previously bought the utility-scale turbine business of NPS in 2016.[4] In May 2019, WEG signed a deal with the aerospace conglomerate Embraer to work on new electrical propulsion systems for aircraft.[5]

In May 2019, WEG also introduced the 4MW wind turbine, its biggest machine so far.[6]

Activities

Description

The company has subsidiaries in 29 countries and production is distributed in manufacturing plants in 12 countries such as Brazil, Argentina, Mexico, Portugal, China, South Africa and in the United States.[7]

Products

References
  1. "Goliath". Retrieved 30 August 2008.
  2. "Brazil: Ballard to supply fuel cells to WEG Industries". Automotive World. 9 February 2012. Retrieved 29 May 2019.
  3. "Ballard signs deal with WEG Industries to develop fuel cells for clean energy in Brazil". Renewable Energy Focus. 8 February 2012. Retrieved 29 May 2019.
  4. Alexandre Spatuzza (13 February 2019). "Brazil's WEG enters storage market with NPS acquisition". Recharge. Retrieved 29 May 2019.
  5. "Embraer, WEG team up to build electric motor for planes: statement". Reuters. 29 May 2019. Retrieved 29 May 2019.
  6. "Brazil's WEG unveils 4MW wind turbine to battle global giants". Recharge. 28 May 2019.
  7. "Electric Machinery Company, Inc. 800 Central Ave. NE, Minneapolis, MN 55413, USA – WEG Group".
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