# WEG announces R$670M investment in Brazil and Mexico

WEG announced a R$670 million investment over five years to expand capacity and vertical integration in transformer and electric motor businesses. In Brazil, R$169 million will go to factories in Itajaí and Guaramirim; in Mexico, R$336 million will fund a new factory in Atotonilco.

- Type: Investment
- Announced: 2024-09-18
- Where: Itajaí and Guaramirim, Santa Catarina, Brazil
- Value: $122.0M (670.0M BRL)
- Status: announced
- Products: transformers, electric motors, wires, cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [WEG](https://endata.com/companies/1550.md)

## Sources

- [valorinternational.globo.com](https://valorinternational.globo.com/business/news/2024/09/19/weg-announces-r670m-investment-in-brazil-mexico.ghtml), 2024-09-19: "Motors and generators company WEG unveiled on Wednesday (18) a plan to invest R$670 million over the next five years to expand capacity and enhance vertical integration in its transformer and electric motor businesses in Brazil and Mexico."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.