WEG keeps investments in Linhares/ES
In five years, the Company increased production capacity in the State by 600%.
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.
Investor Relations Officer