WEG sees beginning of industry investment, but recovery is slow

SAO PAULO-A manufacturer of electric motors and industrial coatings WEG is noticing a few months a consistent demand of requests for equipment series, in an indication that the pace of industry investments in Brazil''s overall is improving, claimed company executives on Thursday.
"For long cycle products still depend on the resumption of investment in infrastructure. In Brazil is still weak because of the lack of investment in mining, cement, petrochemicals and oil, "said the Chief Financial Officer of WEG, Paulo Polezi, in a teleconference with analysts.