Brazil: Brazil’s WEG to invest US$50 million in construction of a factory in India

27 May 2008

Sao Paulo, Brazil, 27 May – Brazilian company WEG said Monday it would invest US$50 million in building a electric motor factory in the Indian state of Tamil Nadu.

According to a statement published on its website, tyhe new factory is due to start producing electric motors at the end of 2009 and reach full capacity at the end of 2013.

The chief executive of WEG, Harry Schmelzer Jr., said that the Indian factory, “will be added to those we have in Brazil, Argentina, Mexico, Portugal and China, thus consolidating our position further as one of the big companies in the world market of electronic products for industrial use.”

As well as the new factory in India, in the area of motors and generators, WEG is expanding its industrial unit in São Bernardo do Campo/Sao Paulo and also building a new factory in Jaraguá do Sul/Santa Catarina.

In 2004, Weg acquired Nantong Electric Motor Manufacturing, and since 2005 has produced industrial low and medium voltage electric motors at its Chinese unit. (macauhub)