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TECO Electric & Machinery Co., Ltd.
TWSE: 1504
Founded12 June 1956
ProductsIndustrial Electrical Components

TECO Electric & Machinery Co., Ltd. (TECO; Chinese: 東元電機; pinyin: Dōngyuán Diànjī) is a Taiwanese company established on June 12, 1956. The company began as an industrial motor manufacturer. The company has expanded service offerings into a conglomerate with worldwide business operations. Now has around 8% market share and also ranked number 5 in global low-voltage A/C motor market, representing 4% of the world.

The Company also engages in the manufacture, installation, wholesale, and retail of various types of electrical and mechanical equipment, telecommunication equipment, and home appliances.

Company history

1956 Taiwan Electric Company (TECO) established.

1970 Produced air conditioners and entered the home appliances market.

1986 Joint venture with Westinghouse Electric to form TECO Westinghouse Motor.

1989 Founded TECO Industry Malaysia Sdn. Bhd.

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 stepping 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; introduce a 2MW wind power generator.

2010 Rollout of TECO's first 2MW wind power turbine.

2011 TECO Middle East KSA.

2013 A joint venture with Fujio Food System of Japan established Meile Food Catering in Taiwan. In December, the Taiwan Home Delivery Stock Exchange was listed.

2015 Established an offshore wind power system manufacturing company "Xinneng 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 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

See also