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TECO’s history exemplifies the epitome of Taiwan’s contemporary economic growth. They hoped that those motors would help jump start Taiwan’s economy. And the story started here.
| The 1950s marked the dawn of Taiwan’s industrialization, amid a world of political turmoil and economic hardship. |
| 1956 |
In the summer of 1956, the company’s five founders, Lin Ho-Yin, Key Lin Bo-Shih, Chien Sui-Mu, Sun Bing-Huei, and Lin Chang-Cheng, started TECO Electric and Machinery Co., Ltd. with three desks and used machinery in a suburb of Taipei City making electrical motors, the basic component of industrial equipment. |
| 1958 |
TECO set up the first apprentice training program in 1958, providing technical training on electrical and mechanical machinery. This program was the first internal training program created by a private enterprise in Taiwan. With few exceptions, the graduates of these programs all later became the front line managers of TECO. The apprentice training program was the start of TECO’s emphasis on management, systems and talent acquisition. |
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| 1966 |
Sell motors to Singapore, Malaysia, and Philippines and is the first manufacturer of 1000HP motor, which is Taiwan's largest motor to date.
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| 1972 |
TECO officially steps into home appliance and information technology market, established the electric plant and air conditioner plant in DanShuei for making electronic information products.
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| 1972 |
Founded TECO Electric & Machinery (PTE) Ltd. (Singapore) and began to expand to the foreign market. |
| 1973 |
Publicly listed on Taiwan Stock Exchange. |
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| 1980 |
Founded TECOM Co., Ltd.; stepped into telecommunications market
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| 1984 |
Releases first domestic 3-in-1, year-round air conditioner unit |
| 1988 |
Pioneers in manufacturing Taiwan's first air-conditioner for clean rooms
Revenue of TECO exceeds NT$ ten billions.
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| 1990 |
Successfully develops split air-conditioners, named as Fuzzy, which established the unshakeable brand status in the industry
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| 1993 |
Founded TECO Technology Foundation, representing corporate social responsibility |
| 1995 |
Acquired Westinghouse Motor Co. (USA)
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| 2004 |
Set up TECO Group Research Institute
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| 2006 |
东元成立50周年。
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2007 |
Officially launched the Seven-Star Plan aiming at emerging countries, such as Brazil, Russia, India, China, Middle East, Turkey and Vietnam as TECO’s blue sea strategy to achieve ever-lasting sustainability.
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2008 |
Releases "TECO GO ECO" statement for carbon reduction for the planet
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| 2010 |
Grandly releases first 2MW wind turbine
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| 2010 |
Won the 6th National HRD Innovation Prize
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| The 1950s marked the dawn of Taiwan’s industrialization, amid a world of political turmoil and economic hardship. |
| 1956 |
In the summer of 1956, the company’s five founders, Lin Ho-Yin, Key Lin Bo-Shih, Chien Sui-Mu, Sun Bing-Huei, and Lin Chang-Cheng, started TECO Electric and Machinery Co., Ltd. with three desks and used machinery in a suburb of Taipei City making electrical motors, the basic component of industrial equipment. |
| 1958 |
TECO set up the first apprentice training program in 1958, providing technical training on electrical and mechanical machinery. This program was the first internal training program created by a private enterprise in Taiwan. With few exceptions, the graduates of these programs all later became the front line managers of TECO. The apprentice training program was the start of TECO’s emphasis on management, systems and talent acquisition. |
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