Once again, WEG from Jaragua do Sul, north of Santa Catarina, is among the largest companies in Brazil. This time he was ranked by Isto É Dinheiro magazine.

The company produces electric motors for the whole world. – Photo: Weg/Disclosure ND

The yearbook, which has just been published, is based on questionnaires completed by the companies themselves. The assessment includes five criteria for measuring and encouraging good governance: financial sustainability, human resource management, innovation and quality management, social and environmental responsibility, and corporate governance. The data was collected and systematized by the technology company Rentsoft.

All applications have a common person responsible for the information and persons responsible for each part of the questionnaire. The analysis team has not verified the information and believes that the information provided is consistent with best management and business communication practices.

In total, the magazine listed the 1000 largest companies in Brazil. WEG ranked 41st with a revenue of R$23.5 million last year, up nearly 35% from 2020. The company’s profit also increased from 2.3 million reais to 3.5 million reais.

VIEW TOP 100 RANKING:

Recently also appeared in another ranking: The Valor 1000 – The largest companies in Brazil. He took 52nd place.

It often appears in Forbes reviews as the Brazilian company that created the most billionaires in the country. In total, the company has 29 shareholders on the list, which together make up a fortune of 60 billion reais.

WEG: Millionaire Factory. – Photo: Carlos Junior/Disclosure ND

About company

Founded in 1961 by entrepreneurs Eggon João da Silva, Werner Ricardo Voigt and Geraldo Werninghaus in Jaragua do Sul, Santa Catarina, WEG has more than 15,000 employees in Jaragua do Sul alone. Worldwide, the transnational corporation employs more than 37,000 employees.

It is one of the largest manufacturers of motors and electrical equipment in the world, operating in the fields of control and protection, speed control, industrial process automation, power generation and distribution, industrial paints and varnishes and other products.