Company Announcement - WEG has received the prestigious Company of the Year Award for Brazil in the annual research survey undertaken by the financial and business magazine Exame. The well-respected publication issued the list of the 1000 Best and Biggest companies in Brazil, highlighting the 18 winners by business segment.
While this is the first time that WEG has received this particular award, the company is an 11-times winner in the category of Capital Goods. The awards ceremony took place on 1 July in São Paulo and recognised WEG as the best company within all business segments for its commitment to economic and financial growth and performance in 2014. The award focuses on market leadership, profitability, growth rate, liquidity, investments and results generated by each company employee.
Harry Schmelzer Jr., CEO of WEG, says: “This specific award reflects the efforts of the company’s entire team. These are the cultural fundamentals created by our founders and have allowed us to grow WEG into a global player.”
“The award stands testament to the WEG Group business philosophy of researching and defining solutions that are geared towards satisfying specific customer needs. We are proud to be a member of the WEG Group of companies and we will continue to leverage the advantages of belonging to a global leader, to the benefit of our local customer base,” says Louis Meiring, Zest WEG Group CEO.