NEWS
RELEASE
WEG keeps investments in Linhares/ES
In five years, the Company increased production capacity in the State by 600%.
Jaraguá do Sul, November 18, 2015 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY)
announced that it will continue to invest in expanding its industrial plant in Linhares, in
the state of Espirito Santo.
Over the next months up to December 2016, the company intends to allocate
approximately R$ 30 million to expand production facilities and create new product lines
that will increase the company's competitiveness.
According to Mr. Luis Alberto Tiefensee, WEG’s Electric Motors Managing Director, the
modular design of the Linhares industrial plant allows the gradual and continuous
increase in production capacity, meeting the company's expansion needs over several
years. "We started operating in Linhares in 2010 with 20,000 square meters area and
approximately 420 employees. Today, we have over 2,600 employees occupying 58,000
square meters area.”
WEG also had a large increase in its production capacity from the beginning of its
operations in Linhares: "In five years we have increased our production capacity by
600%. We went from 5,000 motors produced per day in 2010 to 36,000 motors per day
in 2015, "adds Mr. Tiefensee.
WEG Linhares became the company’s second-largest industrial plant in Brazil. Since
August 2009, when the company announced Linhares as the location of the new site,
the Company has invested R$ 240 million in the State of Espirito Santo.
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For additional information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6367
Twitter: @weg_ir
luisfernando@weg.net
www.weg.net/ri
Corporate Communications
Andressa Cristina Pereira
(47) 3276-4295
Twitter: @weg_wr
andressa@weg.net
www.weg.net/br/Media-Center
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NEWS
RELEASE
Statements about Future Events
Certain statements herein contain projections or other forward-looking statements regarding future events. Any such statements are
subject to known and unknown risks that may cause the actual results to be materially different from the expectations. Those risks
include, among others, changes in the future demand for the products of the Company, changes in the factors that affect the
domestic and international prices of the products, changes in the cost structures, changes in the markets, changes in the prices
practiced by the competitors, exchange rate variations, changes in the political-economic scenario in Brazil and in emerging and
international markets.
About WEG – Founded in 1961, WEG operates mainly in the sector of capital goods
and is one of the largest world manufacturers of electric-electronic equipment, having
five main businesses: Motors, Energy, Transmission and Distribution, Automation and
Coatings. WEG has manufacturing units in 11 countries and is present in more than 100
countries, servicing all industrial segments, including oil and gas, mining, infrastructure,
steel, pulp and paper, renewable energy, among many others. With over 31 thousand
employees, WEG’s Net Revenues reached R$ 7.8 billion in 2014.
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