1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. WEG S.A.
  6. News
  7. Summary
    WEGE3   BRWEGEACNOR0

WEG S.A.

(WEGE3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  05/17 04:07:51 pm EDT
26.91 BRL   +2.71%
04/29WEG S A : Investor Presentation
PU
04/28TRANSCRIPT : WEG S.A., Q1 2022 Earnings Call, Apr 28, 2022
CI
04/28WEG S A : Results Presentation 1Q22
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

WEG S A : develops nanostructured coatings in partnership with Randon

12/07/2021 | 12:22pm EDT

WEG develops nanostructured coatings in partnership with Randon

More sustainable, more resistant to corrosion and offering higher performance in terms of gloss and color, the New Tech line is launched to the market free of solvents, water-based and with properties of nanoparticles.

With a focus on sustainability and technological innovation, the WEG Group Division WEG Tintas, in partnership with NIONE, one of Randon´s companies that is focused on research, production and application of nanotechnology, has just launched a protective coatings line based on nanoparticles.

Named New Tech, this new line is the result of an extensive research and development work conducted between WEG and NIONE in the search of a sustainable solution, more resistant to corrosion and improved gloss and color performance.

Solvent-free,fast-drying,water-based and with properties of nanoparticles, the new single-component line combines special acrylic resins and has Niobium as one of the main nanoparticles in a premix that is supplied by NIONE.

The new New Tech technology will be incorporated into lines of brake discs from Fremax, one of Randon'´s auto parts manufacturing units.

As stated by Reinaldo Richter, WEG Tintas Managing Director, the combination of nano materials in new polymers has allowed coatings with much higher performance to replace conventional paints. "Customers' search for products that allow for more productivity has driven our efforts towards technological developments. The coming years demand more sustainable, efficient and durable products that help different industrial sectors to meet ESG principles", says Reinaldo.

In recent years, WEG has invested R$ 12.5 million (about US$ 2.3 million) in research and in the acquisition of equipment for the manufacture of nanostructured technologies. For Randon, the partnership with WEG leverages the gains obtained through scientific research and development work, carried out jointly between both companies. "The large- scale production of niobium nanoparticles is an innovation at global level, with the potential to open up new opportunities for different industrial sectors and which motivates us to continue investing on this initiative, which combines science and environmentally friendly production methods, contributing for a sustainable process", says NIONE´s Director, César Ferreira.

Investor Relations

Press Relations

André Menegueti Salgueiro

Andressa Cristina Pereira

(47) 3276-6367

(47) 3276-4295

amsalgueiro@weg.net

andressa@weg.net

ir.weg.net

Page 1 of 2

About WEG

Founded in 1961, WEG is a global electric-electronic equipment company, operating mainly in the capital goods sector with solutions in electric machines, automation and paints for several sectors, including infrastructure, steel, pulp and paper, oil and gas, mining, among many others. WEG stands out in innovation by constantly developing solutions to meet the major trends in energy efficiency, renewable energy and electric mobility. With manufacturing units in 12 countries and present in more than 135 countries, the company has more than 33,000 employees worldwide. WEG's net revenue reached R$ 17.5 billion in 2020, 56% from external markets

About Randon Companies

Doing business for over 70 years, Randon Companies enjoy a comfortable global presence and a leadership position in the production of trailers, semi-trailers, railway cars, auto parts and a package of services. Headquartered in the city of Caxias do Sul, state of Rio Grande do Sul, Randon counts on 28 manufacturing units and is present in over 100 countries.

Focused on valuing people in different initiatives and generating profit with sustainability, Randon is regarded as a global provider of integrated transportation solutions for a wide range of companies both in Brazil and abroad.

Additionally, Randon Companies make part of Level 1 of Corporate Governance at B3, ranking among the largest private Brazilian companies. Learn more about Randon at: www.randon.com.br.

Page 2 of 2

Disclaimer

WEG SA published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 17:21:03 UTC.


© Publicnow 2021
All news about WEG S.A.
04/29WEG S A : Investor Presentation
PU
04/28TRANSCRIPT : WEG S.A., Q1 2022 Earnings Call, Apr 28, 2022
CI
04/28WEG S A : Results Presentation 1Q22
PU
04/28WEG S.A. : Press Release
CO
04/27WEG S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/27WEG S A : Minutes of the Metting of the Board of Directors - 1,019
PU
04/27WEG S A : Capital Increase
PU
04/27WEG S.A. : 1st quarter results
CO
04/22WEG S A : signs a partnership agreement with Renault for Kwid
PU
04/11WEG S A : Results Disclosure Calendar 1Q22
PU
More news
Analyst Recommendations on WEG S.A.
More recommendations
Financials
Sales 2022 26 986 M 5 426 M 5 426 M
Net income 2022 3 615 M 727 M 727 M
Net cash 2022 642 M 129 M 129 M
P/E ratio 2022 31,2x
Yield 2022 1,54%
Capitalization 113 B 22 703 M 22 703 M
EV / Sales 2022 4,16x
EV / Sales 2023 3,53x
Nbr of Employees -
Free-Float 35,4%
Chart WEG S.A.
Duration : Period :
WEG S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WEG S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 26,91 BRL
Average target price 39,35 BRL
Spread / Average Target 46,2%
EPS Revisions
Managers and Directors
Harry Schmelzer Chief Executive Officer
André Luís Rodrigues Chief Financial & Administrative Officer
Alidor Lueders Chairman-Supervisory Board
Décio da Silva Head-Quality Control Area
Siegfried Kreutzfeld Independent Director
Sector and Competitors
1st jan.Capi. (M$)
WEG S.A.-20.56%22 703
KEYENCE CORPORATION-28.96%96 279
SCHNEIDER ELECTRIC SE-25.25%75 484
EATON CORPORATION PLC-19.58%57 209
EMERSON ELECTRIC CO.-9.16%51 307
NIDEC CORPORATION-38.56%37 233