WEG (OTCMKTS:WEGZY) is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.
The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications. WEG serves customers in sectors such as manufacturing, energy, oil and gas, mining, water and wastewater, transportation, and infrastructure.
Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from a domestic electric motor manufacturer into a global industrial technology group with operations, manufacturing facilities and sales networks serving markets across the Americas, Europe, Asia, Africa and Oceania. The company is listed in Brazil, and its American depositary receipts trade over the counter in the United States under the symbol WEGZY.
