Brazilian industrial equipment manufacturer WEG S.A. announced an investment of approximately EUR 28 million in a new gearbox production facility in Manisa. The project, aimed at expanding the company's presence in the European market and increasing its manufacturing capacity outside Brazil, is expected to be completed by 2027.
The new factory, set to be established in a 12,000-square-meter building about 35 kilometers from Izmir, will focus on the production of industrial gearboxes to meet growing European demand. It will also leverage synergies with the company's existing gearbox plant in Austria. In addition, the facility will complement WEG's local portfolio, integrating sales with industrial electric motors already manufactured Türkiye.
Türkiye continues to position itself as an attractive destination for international investors, thanks to its strategic location, skilled workforce, and advanced industrial infrastructure. Commenting on the development, Investment Office President Ahmet Burak Dağlıoğlu, noted "WEG's decision to expand its operations in Türkiye following the acquisition of Volt Electric Motor is a testament to Türkiye's strategic importance in the global investment ecosystem. This new investment not only boosts local production capacity but also brings technology transfer, increases employment, and contributes to exports. We are pleased to support WEG's growth plans in Türkiye and congratulate the company on its continued investments."
WEG Industrial Motors Managing Director Rodrigo Fumo expressed optimism about the potential for growth in Türkiye and the wider European market. “This investment is a strategic step in our journey to expand our presence in the sector. We remain committed to delivering innovative solutions, service excellence, and swift deliveries that meet our customers' needs," he said.
The announcement follows WEG's recent acquisition of Volt Electric Motors, as well as the opening of an electric motor factory in Dilovası, near Istanbul, in 2022. WEG has been active in the Turkish market for over two decades, initially through local distributors, and has since established its own commercial operations. Currently employing 750 people in Türkiye, the company expects to create an additional 150 jobs through the new investment.
Founded in 1961, WEG is a global electro-electronic equipment company focused on electric motors, gearboxes, drives, controls, energy generation, transformers, automation, and electrification solutions. With 64 manufacturing plants in 17 countries, and a footprint spanning over 135 countries, the company employs more than 45,000 people worldwide. In 2023, WEG's net revenues reached BRL 32.5 billion, with 52.9% generated from markets outside Brazil.