M. Torres Ólvega Industrial S.L. (MTOI) and WEG S.A. have signed a Joint Venture agreement to start manufacturing MTOI wind turbines in Brazil.
The shareholder Joint Venture Agreement is defined as 50% MTOI and 50% WEG. The wind turbines will be initially manufactured at WEG Energy manufacturing facilities in Jaragua do Sul (state of Santa Catarina). Manufacturing will start by the end of 2011 and it is expected to employ 250 people.
The shareholder Joint Venture Agreement is defined as 50% MTOI and 50% WEG. The wind turbines will be initially manufactured at WEG Energy manufacturing facilities in Jaragua do Sul (state of Santa Catarina). Manufacturing will start by the end of 2011 and it is expected to employ 250 people.
