WEG is the chosen as “Company of the Year” by Exame magazine’s “Maiores & Melhores” survey
Accolade is one of the most important and traditional in the Brazilian business press, using an objective methodology that favors aspects like market leadership, profitability and growth, among others.
Jaraguá do Sul, July 02, 2015 – WEG (Bovespa: WEGE3 / OTC: WEGZY) received on the evening of July 1, the "Company of the Year" accolade Exame magazine’s “Maiores & Melhores” survey.
The designation is result of research conducted by Exame magazine, which considers economic and financial data for 2014, such as market leadership, profitability, growth, liquidity, investments and wealth generated per employee. As in every year, the magazine publishes a list of the 1,000 biggest and best companies in Brazil, highlighting the 18 champions by business segment. This is the 11th time that WEG was chosen in the Capital Goods sector and the first time that it was also chosen as the best overall.
“For the past 53 years, WEG is a company with ambitious goals, one that establishes large challenges and bold goals, and that motivates people to achieve them, with discipline and planning. This culture, combined with the significant investments in people, teamwork, technology and the market, explains the company's success. It also explains the fact that we are receiving this important recognition from the national press", said Harry Schmelzer Jr., WEG’s CEO.
Since 1981, when first nominated as Best Company, at the time in the Machines and Equipments, WEG has been cited in Exame’s ranking. To Mr. Schmelzer, the “Best Company in Brazil” designation reflects the collective effort of the entire team. "This is the solid and well-grounded foundation we have inherited from WEG’s founders. This is the culture that leads us to grow and to occupy important spaces in the global markets”, explains.
Mr. Schmelzer also dedicated the award to all people who have contributed in some way to the company’s growth. "I thank all our employees, customers, shareholders and suppliers who work day after day to make WEG a company that is agile, competitive and, above all, committed to goals and results”.