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History¡EAccomplishment¡EStrategic Globalization

TECO began in Juneof 1956 as a motor manufacturer. Establishing a factory in San-Chong City, the company made steady progress over the next 14 years, and then entered the household appliances sector, manufacturing air conditioners, refrigerators, and televisions. Beginning with the 1972 founding of TECO Electric & Machinery (PTE Ltd.) in Singapore, TECO expanded its scope of operations on the road to internationalization. In 1995, the company acquired Westinghouse Motor Company (US) along with a technology transfer. In 1996, TECO entered the electronic communications business, establishing Mobitai Communications, and immediately obtained a license to provide mobile phone service in central Taiwan. TECO also entered a strategic alliance for the Taiwan High-Speed Rail project in 1997, and in December of the year 2000 set up e-Value commence Co., Ltd., bringing home electronics into the new age of e-commerce. In 2001 TECO entered the organic light-emitting diode (OLED) sector of the optics industry, establishing TECO Optronics Co., Ltd. For the past 50 years, the company has thus moved ahead with a step-by-step approach, coupled with continuous breakthroughs. And in the face of global competition, TECO is determined to use the same ambition that has carried us over the years to create a brighter, more prosperous tomorrow.