NEWS
RELEASE
WEG announces constitution of joint ventures for automation
solutions and engineering in oil and gas
Jaraguá do Sul, November 03, 2014 - WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY)
announced today the constitution of joint ventures with Jelec Inc. (“Jelec”), a company
based in Houston, Texas, USA.
Jelec specializes in engineering and integration of automation systems, with extensive
experience in oil and gas drilling applications. The joint ventures will allow the supply of
integrated automation engineering and associated electrical products packages, fulfilling
the growing demand of the oil and natural gas exploration and production markets, in
Brazil and abroad.
According Mr. Umberto Gobbato, WEG Automation Managing Director, “these joint
ventures will allow WEG to increase its presence, sales infrastructure and engineering
in the oil and gas business, such as drill-ships and production platforms. In addition, we
have a very large opportunity in the US shale gas sector”. According Mr. Gobbato “Jelec
is a qualified partner and with vast track-record with major drilling companies. The
combination of expertizes from WEG and Jelec expertizes is promising”.
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For further information, please contact:
Investor Relations
Luis Fernando Oliveira
(47) 3276-6973
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
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-economical scenario in Brazil and in emerging and
international markets.
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NEWS
RELEASE
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. With over 29 thousand employees, it had net revenue of R$ 6.8 billion in 2013.
In Brazil, the group’s headquarters and main industrial plants are located in Jaraguá do
Sul/SC. Other plants are spread over Rio Grande do Sul (Gravataí), Santa Catarina
(Blumenau, Guaramirim, Itajaí and Joaçaba), São Paulo (São Paulo, São Bernardo do
Campo), Amazonas (Manaus), Espírito Santo (Linhares). Overseas, WEG has
manufacturing units in Argentina, Colombia, Mexico, Portugal, South Africa, China, India,
USA, Austria and Germany, besides distribution and trading centers in the USA,
Venezuela, Colombia, Chile, Germany, United Kingdom, Belgium, France, Spain, Italy,
Sweden, Australia, Japan, Singapore, India, Russia and United Arab Emirates.
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