Type Sociedade Anônima Industry Industrial engineering CEO Harry Schmelzer Jr. | Traded as BM&F Bovespa: WEGE3 Revenue US$ 2.8 billion (2013) Founded 1961 | |
Products Electric motors, Generators, Transformers, Drives and Coatings Engineering Net income US$ 356.9 Million (2013) Headquarters Jaraguá do Sul, Santa Catarina, Brazil Stock price WEGE3 (BVMF) R$ 17.53 -0.10 (-0.57%)5 Apr, 5:11 PM GMT-3 - Disclaimer Founders Geraldo Werninghaus, Werner Ricardo Voigt, Eggon João da Silva Profiles | ||
WEG is an industry headquartered in Jaraguá do Sul, Brazil, operating worldwide in the electric engineering, power and automation technology areas. The company produces electric motors, generators, transformers, drives and coatings. WEG has operations in around 100 countries, with approximately 31.000 employees (2014). WEG appeared in Forbes list of the 100 largest small global companies of the world (lacks trusted source or reference link). And it has been ranked by magazine Exame as the 9th most competitive company in the American continent. WEG is the largest Latin American electric motor manufacturer.
Contents
History
The state of Santa Catarina in Brazil was subjected to German colonization (besides Italian and - much earlier - Portuguese), which must have influenced the founders (Werner Ricardo Voigt, Eggon João da Silva and Geraldo Werninghaus) in their decision to use the acronym WEG, joining the three first letters of their names.
The company started on the 16th of September 1961, when the three founded "Eletromotores Jaraguá". Years later, the company created by an electrician, an administrator and a mechanic would change its name to "Eletromotores WEG SA".
Initially producing electric motors, WEG started incrementing 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 insulatins varnishes. More and more the company is consolidating itself not only as a motor manufacturer, but also as a complete, industrial, electrical systems supplier.
Products
WEG products are present at almost every electric engineering interest area: - Generation (Generators, transformers and switchgear) - Transmission (EPC, switchgear, transformers) - Distribution (EPC, transformers) - Electric products (motors, switchgear, frequency inverters, AC/DC converters, contactors, fuses, circuit breakers and servomotors, among others) - Automation (Hardware and Software) - Integration Engineering with products of different manufacturers
Figures
Production is distributed in manufacturing plants in Brazil (in the cities of São Paulo, São Bernardo do Campo, Hortolândia, Manaus, Guaramirim, Itajaí, Blumenau and two plants in Jaraguá do Sul), two in Argentina, three in Mexico [1], two in Portugal, one in China, and one in the United States [2]. WEG also exports to over 100 countries and counts on branches and technical assistance in all five continents.
In May 2008, WEG announced a new factory in India.
CentroWEG
Another highlight is WEG's training department, which invests in courses, both internal and external, for the workers and new trainees from all branches over the world.
Created in 1968 to aid in the lack of qualified professionals in the area of mechanical engineers, "CentroWEG" grew and diversified its activities along with WEG. Today, it gives technical courses in the areas of mechanical, electronics, electricity, robotics and chemistry (for high school students) and mechanical engineers for adults.