WEG establishes a Joint Venture to produce wind turbines
WEG and the Spanish company - M. Torres Olvega Industrial (MTOI) – have established a Joint Venture for the manufacturing of wind turbines. Expansion of the company portfolio of products and synergy with our existing product lines were key factors for this transaction
The Technology Transfer Agreement between WEG and MTOI has resulted in the establishment of this Joint Venture, for manufacturing, assembling, installation and commercialization of wind turbines as well as a package of operation and maintenance services to be provided in Brazil.
The wind turbines will be initially manufactured at WEG Energy manufacturing facilities in Jaraguá do Sul, state of Santa Catarina - Brazil
A WEG está entrando no segmento de eólica com tecnologia moderna e comparável às melhores do mercado. A MTOI já tem aerogeradores em operação na Europa há 10 anos
WEG is stepping into this segment with a technology that is modern and comparable to what is best in the market. MTOI has already supplied wind turbines to Europe for over 10 years
M. Torres Olvega Industrial (MTOI) Headquarters
The Technology Transfer Agreement between WEG and MTOI has resulted in the establishment of this Joint Venture, with equal shareholding participation, which includes manufacturing, assembling, installation and commercialization of wind turbines as well as a package of operation and maintenance services to be provided in Brazil.
The technology developed by MTOI allows the power generator to be coupled directly to the turbine shaft, without requiring the application of a gearbox. As a result, there will be a significant reduction of components, operational and maintenance costs. "We are stepping into this segment with a technology that is modern and comparable to what is best in the market. Our partner has already supplied wind turbines to Europe for over 10 years" says Newton Idemori, WEG Business Development Director.
The MTOI Group was founded in 1975 to design, develop and manufacture systems for industrial and process automation solutions for the aeronautics, pulp & paper and energy sectors.
The wind turbines will be initially manufactured at WEG Energy manufacturing facilities in Jaraguá do Sul, state of Santa Catarina - Brazil with the first order scheduled to be delivered later this year. It is expected to have 250 employees working directly in manufacturing of this new WEG product.
“In addition to allowing a more direct participation in the wind power generation business, this cooperation agreement will give us the possibility of meeting the growing domestic market demand," says WEG CEO Harry Schmelzer Jr. "Furthermore, several of our current products such as generators, transformers, drives, electric motors and coatings will make part of the package to be supplied to this market segment" he adds.
Link for high resolution photos on Flickr: http://bit.ly/fkDXH6
