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Brazil's Weg Reports Q3 Net Result Of 418 Million Reais
Brazil's Weg reports Q3 net income of 381.43 mln reais
Brazil's WEG says profit margins to improve in 2017 -executive
WEG SA is a Brazil-based holding company principally engaged in the manufacturing of electrical equipment and components. The Company is active, along with its subsidiaries, in the manufacture and marketing of goods, such as electric motors, generators and transformers; reducers, geared reducers, frequency inverters, starter motors and maneuver devices; control and protection of electric circuits and industrial automation; electric traction solutions (land and sea); solutions for the generation of renewable and distributed energy, exploring all opportunities in small hydroelectric plants and thermal biomass, wind and solar energy sources; no-breaks and alternators for groups of generators; electric substations; industrial electrical and electronic equipment systems, and industrial paint & varnish. It is active in Brazil, Argentina, Mexico, the United States, Portugal, Austria, South Africa, India, and China. It operates through Bluffton Motor Works LLC.
Electronic Instr. & Controls
Av. Prefeito Waldemar Grubba
Decio da Silva
Chairman of the Board
Chief Executive Officer, Member of the Executive Board
Independent Vice Chairman of the Board
Paulo Geraldo Polezi
Chief Financial and Investor Relations Officer
Hilton Jose da Veiga Faria
Chief Human Resource Officer and Institutional Relations Officer, Member of the Executive Board
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Brazilian electric engineering company WEG SA said on Wednesday it had signed an agreement with Brazil's planemaker Embraer SA to develop new technology for electrical propulsion systems for aircraft.
WEG SA, Latin America's biggest maker of electric motors, posted a rise in second-quarter profit on Wednesday as recovering Brazilian demand and cost-cutting efforts improved operating margins.
WEG SA, Latin America's largest producer of electric motors, signed a deal to buy CG Power USA Inc for $37 million, the company said in a securities filing on Wednesday.
* Accepted binding offer of Weg SA for acquisition of co's power business in the U.S. at enterprise value of $37 million Source text for Eikon: Further company coverage:
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