WEG SA engages in the manufacturing, marketing, importing, and exporting of electric components. It operates through the Brazil and Foreign segments. The Brazil segment covers industry and energy operations which include distribution of single phase and triple phase motors, equipment and services for industrial automation, paints, and varnishes; as well as electricity generators for thermal and hydraulic power plants, hydraulic turbines, transformers, substations, wind power generators, control dashboards, integration services of renewable and distributed energy systems and solutions. The Foreign segment refers to the operations carried out by the subsidiaries located in various countries. The company was founded by Eggon João da Silva, Werner Ricardo Voigt and Geraldo Werninghaus on June 9, 1961 and is headquartered in Jaraguá do Sul, Brazil.
By William Boston and Max Bernhard This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (February 17, 2018).
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