WEG SA - Company Profile
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WEG SA (WEG) is an electric-electronic equipment company. The company's main activities include manufacturing electric motors, generators, transformers, and industrial automation solutions. WEG offers a diverse product line that includes electric traction solutions, renewable energy generation systems, and industrial paints and varnishes. Its products serve a wide range of industries, including heavy vehicles, locomotives, and sea transportation, as well as renewable energy sectors like wind and solar power. WEG operates through a global distribution network, providing custom solutions worldwide. The company has industrial plants in multiple countries, including Brazil, the United States, China, India and Germany, and conducts commercial activities in over 135 countries. WEG targets markets across all continents, focusing on providing efficient and sustainable solutions. WEG is headquartered in Jaragua do Sul, Santa Catarina, Brazil.
Headquarters
Brazil
Address
3300, Av. Prefeito Waldemar Grubba, Vila Lalau, Jaragua Do Sul, Santa Catarina , 89256-900
Website
www.weg.net/br
Telephone
55 47 32764000
No of Employees
49,258
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
WEGE3 (SAO)
Revenue (2024)
$7.3B
7.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
5.5%
(2024 vs 2023)
Market Cap*
$36.6B
Net Profit Margin (2024)
XYZ
-1.8%
(2024 vs 2023)
* As of and is in US$
WEG SA premium industry data and analytics
Products and Services
| Products |
|---|
| Electric Motors |
| Gearboxes and Geared Motors |
| Generation, Transmission, and Distribution Products |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In March, the company introduced Duracoil, a line of coatings for steel and aluminum coils. |
| 2026 | New Products/Services | In February, the company introduced Breesy, a technological innovation for enameling copper wires. |
| 2026 | Plans/Strategy | In February, the company announced plans to build a new manufacturing plant for battery energy storage systems in Itajai, Santa Catarina, Brazil. |
Competitor Comparison
| Key Parameters | WEG SA | Siemens AG | Schneider Electric SE | ABB Ltd | Nidec Corp |
|---|---|---|---|---|---|
| Headquarters | Brazil | Germany | France | Switzerland | Japan |
| City | Jaragua Do Sul | Munich | Rueil-Malmaison | Zuerich | Kyoto |
| State/Province | Santa Catarina | - | Haute Normandie | - | Kyoto |
| No. of Employees | 49,258 | 317,000 | 162,970 | 112,700 | 104,285 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Alberto Yoshikazu Kuba | Chief Executive Officer | Senior Management | 2024 | - |
| Andre Luis Rodrigues | Chief Financial Officer | Senior Management | 2022 | - |
| Decio da Silva | Chairman | Non Executive Board | 2008 | - |
| Carlos Diether Prinz | Managing Director - Transmission and Distribution Managing Director | Executive Board | 2010 | - |
| Joao Paulo Gualberto da Silva | Managing Director - Energy | Executive Board | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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