WEG ON
Mr. Andre Luis Rodrigues (CFO & Member of Exec. Board)
Mr. Carlos Diether Prinz (Chief Operating Officer of WEG T&D and Member of Exec. Board)
Summary
WEG S.A. engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods. It also provides solutions for the generation of renewable and distributed energy through hydro, thermal biomass, wind, and solar energy power plants; solutions for various industry; UPSs and alternators for groups of generators; conventional and movable electric substations; industrial electro electronic equipment systems; industrial paint and varnish; and paints for automotive repainting. WEG S.A. was founded in 1961 and is headquartered in Jaragua do Sul, Brazil.
History
The company Eletromotores Jaraguá was created on 16 September 1961 by Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus . 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.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.In February 2019, WEG acquired Energy Storage System, the storage business of US-based Northern Power Systems . WEG had previously bought the utility-scale turbine business of NPS in 2016. In May 2019, WEG signed a deal with the aerospace conglomerate Embraer to work on new electrical propulsion systems for aircraft.In May 2019, WEG also introduced the 4MW wind turbine, its biggest machine so far.
Key Team
Mr. Eduardo De Nobrega (COO of WEG China & Member of Exec. Board)
Mr. Hilton Jose da Veiga Faria (HR and Sustainability Officer & Member of Exec. Board)
Mr. Manfred Peter Johann (COO of WEG Automation & Member of Exec. Board)
Mr. Andre Menegueti Salgueiro (Fin. Director & Investor Relations Officer & Member of Exec. Board)
Mr. Alberto Yoshikazu Kuba (Chief Operating Officer of WEG Industrial Motors & Member of Exec. Board)
Mr. João Paulo Gualberto da Silva (COO of WEG Energy & Member of Exec. Board)
Mr. Julio Cesar Ramires (COO of WEG Commercial & Appliance Motors and Member of Exec. Board)
References
Mr. Andre Luis Rodrigues (CFO & Member of Exec. Board)
Mr. Carlos Diether Prinz (Chief Operating Officer of WEG T&D and Member of Exec. Board)
