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TECO Electric & Machinery Co. Ltd. (TECO; Chinese: 東元電機; pinyin: Dōngyuán Diànjī) is a Taiwanese company that was established on June 12, 1956[1], as a manufacturer of industrial electric motors. Over the years, TECO has gradually expanded its operations and now holds approximately 8% of the market share. The company is the fifth largest in the global low-voltage AC motor market, accounting for 4% of the total worldwide.
 | |
| Company type | Public |
|---|---|
| TWSE: 1504 | |
| Industry | Electronics |
| Founded | 12 June 1956 |
| Headquarters | , |
| Products | AC Motor
AC Drives Motovario Gear Reducer Air Curtain Machine Health Management |
| Website | www |
The company also manufactures, installs, wholesales, and retails various electrical and mechanical equipment, including telecommunication equipment and home appliances.
Company History
editThis section may need to be rewritten to comply with Wikipedia's quality standards, as a simple list of milestones and the year they occurred is quite unencyclopedic. (November 2024) |
1956: Taiwan Electric Company (TECO) [2]was established.
1970: Began producing air conditioners and entered the home appliances market.
1988: Established a joint venture with Westinghouse Electric to form TECO Westinghouse Motor[3].
1989: Founded TECO Industry Malaysia[4].
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. to manufacture 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: Wuxi TECO was founded 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, the 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: TECO Group won four Taiwan Enterprise Sustainability Awards. The TECO Vietnam Motor Plant breaks ground, establishing Vietnam as an important base for the TECO Group in Southeast Asia.
2019: TECO's smart food delivery service robot won the Taiwan Excellence Silver Award. Dongjie Information is 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
editMotor
edit- 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
edit- Entails the research and development, production, and sales of industrial automation products and electronic control systems, such as industrial inverters, servo systems, electromagnetic switches, and molded-case circuit breakers.
- 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
edit- R&D, design, production, and sales of equipment and systems meant for electrical power supply.
- 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
edit- 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
edit- 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
editReferences
edit- ^ "Mitsui, TECO to set up plant for EV motors in India". Mobility India. 4 May 2021. Retrieved 23 November 2024.
- ^ "TECO - About Us". TECO (in Chinese (Taiwan)). Retrieved 2024-12-12.
- ^ Dev1, Dev1. "Company Profile". TECO-Westinghouse | The world leader in manufacturing electric motors and generators. Retrieved 2024-12-12.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Teco Industry Malaysia Sdn Bhd - Company Profile and News". Bloomberg.com. Retrieved 2024-12-12.
External links
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