WEG to expand in Washington, investing $77 million and creating 50 new jobs

WEG, a leading global producer of transformers, announced today that it will expand in Washington, investing $77 million and creating 50 new jobs. The company's expansion will provide additional capacity for its Utility and Clean Energy customers to support growing energy demands.

"We're proud to see yet another innovative manufacturer like WEG continuing to grow in Missouri," said Governor Mike Kehoe. "This company's success is Washington is the latest example of our state's ability to support leading employers. WEG's investment in Washington is an exciting development that's sure to benefit the community for years to come."

"This expansion and modernization of this particular business is a major investment by WEG to provide our customers and our team members the capacity and facilities to succeed in today's market," said Phillip James, Vice President of WEG Transformers USA. "Not only are we creating 50 new jobs in Washington, but we are developing the type of business needed to compete in a global market. WEG is thrilled to be a part of the Washington community, and we look forward to continued growth and success in our business here."

"WEG's ongoing success in Washington is providing new investment, more jobs, and greater opportunities," said Michelle Hataway, Director of the Department of Economic Development. "We're grateful for this company's decision to grow locally as it continues to thrive and help Missourians prosper."

New jobs added as part of WEG's expansion will pay an average wage well above the county average.

For this expansion, WEG will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.

What others are saying

"We are absolutely thrilled about WEG Transformers' expansion," said Aaron Griesheimer, Economic Development Director for the City of Washington. "This investment not only brings high-quality jobs to our community, but also strengthens our local economy and showcases Washington as a place where businesses can grow and thrive."

About WEG

WEG was Founded in 1961, by Werner Ricardo Voigt, Eggon Joao da Silva and Geraldo Werninghaus in the city of Jaraguá do Sul, Brazil. WEG operates mainly in the sector of capital goods and is one of the largest world manufacturers of electric-electronic equipment, having five main businesses: Motors, Energy, Transmission and Distribution, Automation and Coatings. WEG has manufacturing units in 12 countries and is present in more than 100 countries, servicing all industrial segments, including oil and gas, mining, infrastructure, steel, pulp and paper, renewable energy, among many others.

To learn more about WEG, visit weg.us.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.