| TECO Electric & Machinery Co., Ltd. | |
| Type: | Public |
| Foundation: | 12 June 1956 |
| Location City: | Nangang District, Taipei |
| Location Country: | Taiwan |
| Industry: | Electronics |
| Products: | Industrial Electrical Components |
TECO Electric & Machinery Co. Ltd. (TECO;) is a Taiwanese company established on 12 June 1956[1] 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.
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.