WEG SA - Company Profile
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WEG SA (WEG) is an electric-electronic equipment company. It produces and trades capital goods such as electric motors, generators and transformers; frequency converters; motor starters and maneuver devices; gear units and geared motors; control and protection of electric circuits and industrial automation; electric traction solutions for urban and sea transportation; solutions for the generation of renewable and distributed energy; electric substations; industrial electro electronic equipment systems; no-breaks and alternators for groups of generators; and industrial paints and varnishes. The company serves various sectors, including infrastructure, steel, pulp and paper, oil and gas, and mining, among others. It operates manufacturing facilities in Argentina, Mexico, the US, Colombia, Brazil, Spain, Portugal, Germany, Austria, India, China, and South Africa. WEG is headquartered in Jaragua do Sul, Santa Catarina, Brazil.
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 |
---|---|---|
2023 | New Products/Services | In October, the company launched its new range of electric vehicle charging systems, the WEMOB parking recharging stations to the European market. |
2023 | Contracts/Agreements | In September, the company entered into an agreement to acquire Industrial Motors and Generators businesses from Regal Rexnord. |
2023 | Contracts/Agreements | In September, the company partnered with Petrobras to develop the powerful wind turbine made in Brazil. |
Competitor Comparison
Key Parameters | WEG SA | Siemens AG | General Electric Co | Schneider Electric SE | Nidec Corp |
---|---|---|---|---|---|
Headquarters | Brazil | Germany | United States of America | France | Japan |
City | Jaragua Do Sul | Muenchen | Boston | Rueil-Malmaison | Kyoto-Shi |
State/Province | - | Bayern | Massachusetts | Haute Normandie | Kyoto |
No. of Employees | 39,137 | 321,000 | 125,000 | 162,339 | 106,592 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Decio da Silva | Chairman | Executive Board | 2008 | - |
Harry Schmelzer Jr. | Chief Executive Officer | Senior Management | 2007 | - |
Wilson Jose Watzko | Chief Controlling Officer | Senior Management | - | - |
Nildemar Secches | Vice Chairman | Executive Board | - | - |
Manfred Peter Johann | Director; Managing Director - WEG Automation Unit | Executive Board | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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