WEG S.A.
A PUBLICLY LISTED COMPANY
CNPJ nº 84.429.695/0001-11
NOTICE TO THE MARKET
Participation in the wind generation market in the United States
WEG S.A. (B3: WEGE3 / OTC: WEGZY) announces to its shareholders and the general market that it will start its plans to participate in the wind generation market in the United States. The company expects to use its high-voltage motors and generators factory, located in Minneapolis/MN, to progressively also manufacture its 7.X MW wind turbine platform. The planned initial investments are not relevant and are already considered in the capital budget approved by the Company.
The WEG manufacturing site in Minneapolis/MN, which will house the manufacturing of wind turbines, has 45,000 m2 (485,000 ft2) of built area and approximately 200 employees. The plant has modular capacity and operational flexibility to expand and adapt to the company's needs. The factory will be able to start supplying equipment from 2026. Meanwhile, the Company will begin its commercial activities aiming to close sales contracts and develop the local supply chain.
Furthermore, the Company remains committed to the strategy and continued development of the wind generation business in its current operating markets, Brazil and India.
Jaraguá do Sul, May 6, 2024
André Menegueti Salgueiro
Finance Director and
Investor Relations Officer
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WEG SA published this content on 06 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 20:58:58 UTC.