Brazilian industrial giant WEG is setting its sights on expanding into the Azerbaijani market as part of its broader regional growth strategy. The company plans to invest in new logistics infrastructure and strengthen its presence across Central Asia, with a particular focus on Kazakhstan, Uzbekistan, Kyrgyzstan, and Azerbaijan.
Sergey Muchenko, WEG’s Regional Director for Central Asia, revealed the company’s ambitions during talks with Alibek Kuantyrov, Kazakhstan’s Deputy Minister of Foreign Affairs, and Madiyar Sultanbek, Deputy Chairman of the Board at JSC “NC “KAZAKH INVEST.”
Muchenko highlighted WEG’s commitment to increasing its regional footprint, noting the company’s plans to expand its distribution network and enhance warehouse capacities in Kazakhstan. As part of its long-term development plan, WEG is set to invest $2.5 million in the establishment of new logistics facilities, supporting its entry into neighboring markets, including Azerbaijan.
Additionally, WEG is exploring opportunities to further strengthen its operations in Kazakhstan with the potential construction of a new plant focused on manufacturing electrical equipment.
WEG, a global leader in electrical equipment production, operates 45 manufacturing plants across 12 countries and serves over 135 countries worldwide. In Kazakhstan, the company is actively involved in supplying advanced electrical equipment to major industrial players such as KAZ Minerals, Kazakhmys, Kazzinc, AltynAlmas, ERG, and Qarmet.
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