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    WEGE3   BRWEGEACNOR0

WEG S.A.

(WEGE3)
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WEG S A : provides maintenance and repair service on a 54-ton gearbox

04/07/2021 | 07:46am EDT

Besides being regarded as a global reference in electrical machines with a wide portfolio of efficient and complete products and solutions, WEG also has extensive expertise in maintenance and repair service for gearboxes.

For this reason, the company Cimento Itambé chose WEG to provide a maintenance program with the replacement of bearings, seals, recovery of all planetary gears and frame, as well as checking and repair on the other items of a large gearbox installed in the cement mill, allowing the equipment to operate as originally designed. Supplied by a third-party manufacturer out of Brazil this gearbox impresses for the size and weight which is approximately 54 tons.

The development of this partnership focused on providing services and maintenance is quite positive for Itambé since the company has now the production capacity of its plant back to normal with the gearbox in proper operating conditions. In addition, non-stop operating conditions and technical support provided by TGM - WEG allows Itambé to have the expected financial return.

With the equipment back to normal operating conditions, the company can provide now full production grinding capacity which is 290 tons of cement per hour.

The entire maintenance and repair service were performed by the WEG Group company TGM.

Counting on infrastructure and advanced technology equivalent to the world´s top players, TGM is considered the largest company in Latin America for steam turbines, gearboxes and speed multipliers.

Disclaimer

WEG SA published this content on 06 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 11:45:04 UTC.


© Publicnow 2021
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Sales 2021 19 985 M 3 628 M 3 628 M
Net income 2021 2 846 M 517 M 517 M
Net cash 2021 2 365 M 429 M 429 M
P/E ratio 2021 60,0x
Yield 2021 0,93%
Capitalization 159 B 28 818 M 28 866 M
EV / Sales 2021 7,84x
EV / Sales 2022 6,82x
Nbr of Employees -
Free-Float 35,1%
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Mean consensus HOLD
Number of Analysts 13
Average target price 74,61 BRL
Last Close Price 75,80 BRL
Spread / Highest target 37,2%
Spread / Average Target -1,57%
Spread / Lowest Target -75,6%
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NameTitle
Harry Schmelzer Chief Executive Officer
André Luís Rodrigues Chief Financial Officer
Décio da Silva Chairman
Nildemar Secches Vice Chairman
Siegfried Kreutzfeld Independent Director
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