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| Company type | Public |
|---|---|
| Traded as | TWSE: 1504 |
| Industry | Electronics |
| Founded | 12 June 1956 |
| Headquarters | Nangang District, Taipei, Taiwan |
| Products | Industrial Electrical Components |
| Website | www |
TECO Electric & Machinery Co. Ltd. (TECO; Chinese: 東元電機; pinyin: Dōngyuán Diànjī) is a Taiwanese company established on 12 June 1956 as an industrial electric motor manufacturer. It has since expanded its service offerings to worldwide business operations with around an 8% market share. TECO is ranked fifth in the global low-voltage AC motor market, representing 4% of the global total.
The company also engages in the manufacturing, installation, wholesale, and retail of various types of electrical and mechanical equipment, including telecommunication equipment and home appliances.
Company history
 | This section may need to be rewritten to comply with Misplaced Pages's quality standards, as a simple list of milestones and the year they occurred is quite unencyclopedic. You can help. The talk page may contain suggestions. (November 2024) |
1956: Taiwan Electric Company (TECO) established.
1970: Began producing air conditioners and entered the home appliances market.
1986: Established a joint venture with Westinghouse Electric to form TECO Westinghouse Motor.
1989: Founded TECO Industry Malaysia.
1990: Founded Toshiba Compressor (Taiwan) Corp. with Toshiba.
1992: Established Yatec Engineering Corporation with Yaskawa Electric Manufacture Co., Ltd.
1995: Acquired Westinghouse Motor Co., Ltd (USA).
1998: Founded TECO Electro Devices Co., Ltd. for manufacturing of stepper motors.
1999: Founded TECO (Dong Guan) Air Conditioning Equipment Co., Ltd.
2000: Founded Suzhou TECO Electric & Machinery Co., Ltd.
2001: Established Smart Card Division for National Health Insurance IC-card project.
2002: Founded Wuxi TECO with China Steel, Nippon Steel and Marubeni-Itochu Steel.
2003: Merged Tai-An Electric Co., Ltd.
2004: Established Jiangxi TECO Electric & Machinery Co., Ltd.
2005: Founded Yaskawa TECO Motor Engineering Corp.
2006: Strategic alliance with CTC to set up the first wind power project in Texas, USA.
2007: Launch into wind power generation; introduced a 2 MW wind power generator.
2010: Rollout of TECO's first 2 MW wind power turbine.
2011: TECO Middle East RSA.
2013: A joint venture with Fujio Food System of Japan established Meile Food Catering in Taiwan. In December, Taiwan Home Delivery Stock Exchange was listed.
2015: Established an offshore wind power system manufacturing company "Xining Wind Power Co., Ltd." with China Steel.
2016: Won the Taiwan Corporate Sustainability Award (TCSA) Gold Award for three consecutive years, the 60th anniversary of its establishment.
2017: Ranked among the top 5% of corporate governance evaluations for three consecutive years. Won the Taiwan Enterprise Perpetual Bonus Award for four consecutive years.
2018: Won four awards of the Taiwan Enterprise Sustainability Award. TECO Vietnam Motor Plant breaks ground, Vietnam will become an important base of TECO Group in Southeast Asia.
2019: TECO's smart food delivery service robot won the Taiwan Excellence Silver Award. Dongjie Information listed on the OTC.
2020: "T Power" won the Taiwan Excellence Gold Award. Selected as a constituent stock of DJSI Dow Jones Sustainability Index-Emerging Markets.
Organization structure
Motor
- Top 3 global motor producer.
- Offers industrial motors ranging from 0.25 kW to 75,000 kW.
- Production and sales of high-efficiency motors, low- and high-voltage 3-phase motors, high-thrust motors, explosion-proof motors, steel-cased motors, single-phase motors, aluminum-cased motors, brake motors, eddy-current motors, inverter-duty motors, high-temperature exhaust gas fan motors, gear-reducing motors, crane motors, wound rotor motors, submersible motors, DC motors, ventilation blowers, synchronous motors, variable-pole motors, other motors/generators, compressors and wind-powered generators.
System Automation'
- Entails the research and development, production and sales of industrial automation products and electronic control systems such as industrial inverter, servo system, electromagnetic switches & molded-case circuit breakers, etc.
- Production and sales of AC/DC motor controls, programmable logic controllers, servo controllers, electromagnetic switches, molded-case circuit breakers, electronic relays and other inverter products, as well as design and installation of power distribution networks.
M&E Construction
- R&D, design, production, and sales of equipment and systems meant for the supply of electrical power.
- Undertakes projects related to power distribution and generation, alternative energy, and rail stations and depots.
- Air-conditioning equipment for specific environments such as clean rooms.
- Design, construction, and management of electrical engineering systems for high-rise buildings.
- Integration of air-conditioning and electrical engineering systems for hospitals and hotels.
- Water pump stations and other related projects.
Home appliances
- Production, assembly, sales, and repair of household/commercial air conditioners, refrigerators, washing machines, dehumidifiers, dryers, televisions, LCD monitors, air purifiers, small appliances, DVD recorders, stereo systems, health appliances; dealership of other domestic and foreign home appliances brands.
Wind power
- Launched the first Taiwan-made 2 MW permanent-magnet synchronous wind turbine bearing own brand in March 2010.
- Production and sales of FC-2000 2.0 MW PMSG (Permanent Magnetic Synchronous Generator) wind turbine, power converter, control system and KW level wind-power turbine.
See also
References
- "Mitsui, TECO to set up plant for EV motors in India". Mobility India. 4 May 2021. Retrieved 23 November 2024.
External links
Categories:- Companies listed on the Taiwan Stock Exchange
- Companies based in Taipei
- Electronics companies established in 1956
- Computer hardware companies
- Electronics companies of Taiwan
- Portable audio player manufacturers
- Taiwanese brands
- Netbook manufacturers
- Display technology companies
- Wind power
- Wind turbine manufacturers
- 1956 establishments in Taiwan