WEG_Industries

WEG Industries

WEG Industries

Brazilian electronics company

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, turbines, drives, and coatings. WEG has operations in around 100 countries, with approximately 39,000 employees (2023). It's one the largest manufacturers of electric motors in the world.[2]

Quick Facts Company type, Traded as ...

History

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.[3]

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.[4][5]

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.[6] In May 2019, WEG signed a deal with the aerospace conglomerate Embraer to work on new electrical propulsion systems for aircraft.[7]

In May 2019, WEG also introduced the 4MW wind turbine, its biggest machine so far.[8]

Activities

Description

The company has subsidiaries in 37 countries, and production is distributed in manufacturing plants in 15 countries, including: Brazil, Argentina, Colombia, India, Mexico, Portugal, Austria, Germany, China, South Africa, and United States.[9]

Products

References

  1. [1]
    "WEG Revenue". Companies Market Cap. Retrieved 11 February 2024.
  2. [2]
    "WEG to invest R$660m in capacity expansion in Brazil". ValorInternational. 27 September 2022. Retrieved 23 January 2024.
  3. [3]
    "Goliath". Retrieved 30 August 2008.
  4. [4]
    "Brazil: Ballard to supply fuel cells to WEG Industries". Automotive World. 9 February 2012. Retrieved 29 May 2019.
  5. [5]
    "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.
  6. [6]
    Alexandre Spatuzza (13 February 2019). "Brazil's WEG enters storage market with NPS acquisition". Recharge. Retrieved 29 May 2019.
  7. [7]
    "Embraer, WEG team up to build electric motor for planes: statement". Reuters. 29 May 2019. Retrieved 29 May 2019.
  8. [8]
    "Brazil's WEG unveils 4MW wind turbine to battle global giants". Recharge. 28 May 2019.
  9. [9]
    "Electric Machinery Company, Inc. 800 Central Ave. NE, Minneapolis, MN 55413, USA – WEG Group".
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