TECO - About Us

History of the group

Founded in 1956 for motor production, TECO Electric & Machinery Co., Ltd. has evolved to a major business group, spanning heavy electric equipment, home appliances, information technology, communications, key electronic components and parts, infrastructural engineering, financial investment, dining, and services, with its business scope covering over 100 cities in more than 40 countries in the five major continents. In the future, in addition to continuing profound cultivation of its core businesses, TECO will develop in the direction of businesses with high added value, such as smart products and systematic solutions and dedicate to the expansion of hi-tech businesses, with the objective of "energy conservation, emissions reduction, Intelligence, and automation," in order to build up a macro-perspective and high-quality world-class brand.

2023

Completion of high-efficiency low-voltage motor plant in Nuevo Leon of Mexico

Inauguration of high-efficiency low-voltage motor plant, a joint venture with Mitsui, in India

Landing of turnkey contract for Zhanggong step-up station and Yongxing switching station STATCOM

Join hands with Danan Bus and RAC Electric Vehicles in forming an electric-vehicle supply chain

Inroads into optical-storage market via 100% takeover of Taipeng Energy

Signing of memorandum of cooperation with ABB for pushing offshore substation
2022

Landing of turnkey contract for the Longtan energy storage system project of state-run Taiwan Power Company

Signing of turnkey contract for onshore voltage step-down substation with Hai Loong Offshore Wind Farm

Signing of letter of intent for cooperation with ABB for pushing offshore wind-power substations

"Mobile collaborative robot" T-Pal granted silver award of the Taiwan Excellence Awards

Holding of the first "green brain innovation" competition for junior-high and elementary-school students

Passage of TIPS A-grade certification for "Taiwan intelligent-property management norm" for 2nd time
2021

Domestic first selected 20 counties and cities 「every class has air conditioning」 plan

Bid for the third terminal area main terminal mechanical and electrical engineering

Contract hailong land step-down station integrated project

Signed a letter of intent to cooperate with Huade Kinetic energy for 500 electric buses

100 mobile air conditioners were donated to the screening station

「Intelligent spray epidemic prevention robot」won the Taiwan Boutique Silver award

Even two years selected DJSI the dow Jones sustainability index - emerging market stocks
2020

Inauguration of onshore engineering works as general contractor for Changfang and Xidao offshore wind farms

Rollout of Taiwan's first self-developed "smart anti-epidemic UVC sterilization robot"

Selected as constituent stock of the Dow Jones Sustainability Emerging Markets Index

e-car powertrain T Power granted golden award of Taiwan Excellence Awards

Inductive meal-delivery system granted silver award of National Invention Award

2019

Join hands with Taiwan Sugar in forging Taiwan's first smart green-energy residential park

Inauguration of IE3 small-motor plant in Becamex industrial park III in Vietnam's Binh Duong Province

Join hands with CIP in breaking ground on the installation of onshore substation for Changfang Xidao offshore wind farm

Smart meal-delivery robot granted silver award of Taiwan Excellence Awards

Share listing of ITTS (Information Technology Total Services) on the over-the-counter market
2018

Ground breaking on Vietnamese motor plant, making Vietnam a major production base of TECO Group in Southeast Asia

Inking of memorandum of cooperation with Mitsubishi Heavy Industries for production of offshore wind-power systems

Granted four awards of Taiwan Corporate Sustainability Awards (TCSA)

Electric trishaw Trike granted excellent award of 2018 System Integration Export Awards
2017

Inauguration of "automated production center of motor stator" at the Chungli plant

Top 5% for corporate governance evaluation for three years in a row

Taiwan Corporate Sustainability Awards for four years in a row

TECO signed "production, sales and technology cooperation agreement" with Visedo of Finland

Theodore Huang, chairman of TECO Group, granted the "Order of the Rising Sun" by Japanese government in Spring
2016

Inauguration of the lamination center in Wuxi green plant

Wuxi Electric Wire granted golden award for "leading energy and environmental design (LEED)" by the U.S. Green Building Council (USGBC)

Granted corporate citizen award by Commonwealth magazine for fifth year in a row

Granted, for the third year in a row, golden award of "Taiwan Corporate Sustainability Awards.

60th anniversary of TECO Group
2015

Setup of joint venture "New Energy Wind Power Co., Ltd." with China Steel Group

Ms. Sophia Chiu became chairman

Acquisition of major Italian gear reducers manufacturer Motovario S.p.A., inroads into power transmission system
2014

No.1 honor in the electric machinery category, Top 2,000 enterprise survey, Commonwealth magazine

Founding of "Hunan TECO Wind Power Co., Ltd."

Granted social co-prosperity award and golden aware for big hi-tech electronic manufacturers of Taiwan Corporate Sustainability Awards (TCSA)

Use "Enjoy TECO Green Life" as the yearly theme, transmitting the idea "TECO energy-conserving products bring you beautiful green life"
2013

Inauguration of TECO Turkey in Istanbul

Signed cooperative memorandum for electrified power system with the Industrial Technology Research Institute (ITRI) for tapping special electric-car market
2012

2MW large wind turbine granted golden award of Taiwan Excellence Awards

Launch of whole-series electric-car motor
2011

Completion of new plant of Taian Technology (Wuxi)
2010

Acknowledgement of award for successful inauguration of 2MW wind turbine in Inner Mongolia

2007

Engagement in wind-power industry, successful development of 2M-grade wind turbine

Publication of "TECO GO ECO" carbon-abatement, earth-protection corporate declaration, dedication to the green-energy industry

Mr. Liu Chao-kao became chairman
2005

Setup of joint venture "TECO-Yaskawa Motor Co., Ltd." with Japan's Yaskawa Electric Corp.
2004

Setup of TECO General Laboratory
2003

Inauguration of mass production at Wuxi TECO Electric & Machinery
2001

Winning the national health insurance IC card project of the National Health Insurance Administration with a joint bid with German, Japanese, and domestic enterprises
2000

Cooperated with government in constructing the Nangang Software Park and moved TECO headquarters into the park

1999

Founding of Information Technology Total Services (ITTS), inroads into information service industry
1998

Founding of Creative Sensor Inc.
1995

Acquisition of Westinghouse Motor Co., Ltd. for the setup of TECO-Westinghouse Motor Company
1993

Founding of TECO Technology Foundation
1991

Mr. Theodore Mao-hsiung Huang assumed chairmanship
1990

Founding of An-Shin Food Service, introducing Japan's MOS Burger into Taiwan, and founding of Royal Taiwan Co., Taiwan, introducing Japan's Royal restaurant chain, inroads into dining and service industry

1986

Setup of joint venture TECO-Westinghouse Motor Co., Ltd. with Westinghouse Electric of the U.S.

Development of first indigenous special air conditioner for clean room
1983

Development of Taiwan's first three-in-one all-season air conditioner
1982

Mr. Lin Chang-cheng assumed chairmanship
1981

Founding of Lien Chang Electronic Enterprise
1980

Setup of joint venture TECO-Westinghouse Motor Co., Ltd. with Westinghouse Electric of the U.S.

1979

Founding of Tecom Co., Ltd.
1978

Development of 5,000 hp, 8p electric motor, the largest in Taiwan
1975

Cooperation with Mitsubishi Corp. in producing super-thin refrigerator
1973

Share listing of TECO Electric & Machinery Co., Ltd.
1972

Setup of Tamsui plant for producing calculators, TV, and air conditioners, inroads into home-appliances business

Setup of first overseas branch, TECO Singapore

1969

Founding of Taian Electric Co., Ltd., for production of various switches and VS control panel
1966

Export of motors to Singapore, Malaysia, and the Philippines

Successful development of the first 1,000-hp motor in Taiwan
1965

Initiated automated production of one under-30hp motor every four minutes
1962

Export to Vietnam, Thailand
1960

Production of first indigenous 300hp motor

1956

Founding of TECO Electric and Machinery Co., Ltd.

歷史沿革

The 2020s

The 2010s

The 2000s

2007

Engagement in wind-power industry, successful development of 2M-grade wind turbine

Publication of "TECO GO ECO" carbon-abatement, earth-protection corporate declaration, dedication to the green-energy industry

Mr. Liu Chao-kao became chairman
2005

Setup of joint venture "TECO-Yaskawa Motor Co., Ltd." with Japan's Yaskawa Electric Corp.
2004

Setup of TECO General Laboratory
2003

Inauguration of mass production at Wuxi TECO Electric & Machinery
2001

Winning the national health insurance IC card project of the National Health Insurance Administration with a joint bid with German, Japanese, and domestic enterprises
2000

Cooperated with government in constructing the Nangang Software Park and moved TECO headquarters into the park

The 1990s

1999

Founding of Information Technology Total Services (ITTS), inroads into information service industry
1998

Founding of Creative Sensor Inc.
1995

Acquisition of Westinghouse Motor Co., Ltd. for the setup of TECO-Westinghouse Motor Company
1993

Founding of TECO Technology Foundation
1991

Mr. Theodore Mao-hsiung Huang assumed chairmanship
1990

Founding of An-Shin Food Service, introducing Japan's MOS Burger into Taiwan, and founding of Royal Taiwan Co., Taiwan, introducing Japan's Royal restaurant chain, inroads into dining and service industry

The 1980s

1986

Setup of joint venture TECO-Westinghouse Motor Co., Ltd. with Westinghouse Electric of the U.S.

Development of first indigenous special air conditioner for clean room
1983

Development of Taiwan's first three-in-one all-season air conditioner
1982

Mr. Lin Chang-cheng assumed chairmanship
1981

Founding of Lien Chang Electronic Enterprise
1980

Setup of joint venture TECO-Westinghouse Motor Co., Ltd. with Westinghouse Electric of the U.S.

The 1970s

1979

Founding of Tecom Co., Ltd.
1978

Development of 5,000 hp, 8p electric motor, the largest in Taiwan
1975

Cooperation with Mitsubishi Corp. in producing super-thin refrigerator
1973

Share listing of TECO Electric & Machinery Co., Ltd.
1972

Setup of Tamsui plant for producing calculators, TV, and air conditioners, inroads into home-appliances business

Setup of first overseas branch, TECO Singapore

The 1960s

1969

Founding of Taian Electric Co., Ltd., for production of various switches and VS control panel
1966

Export of motors to Singapore, Malaysia, and the Philippines

Successful development of the first 1,000-hp motor in Taiwan
1965

Initiated automated production of one under-30hp motor every four minutes
1962

Export to Vietnam, Thailand
1960

Production of first indigenous 300hp motor

The 1950s

1956

Founding of TECO Electric and Machinery Co., Ltd.

Honor of awards

2023

Selection as a constituent stock of DJSI Emerging Markets for fourth straight year

Granted TCSA Awards for 10th straight year and AA rating in MSCI evaluation, within top 15% among global peers

Coverage of S&P Global 2023 Sustainability Yearbook for fourth straight year

The honor of the most outstanding company in Taiwan in the industrial category in 2023 Asia's Outstanding Companies survey

Golden award of MUSE Design Awards 2023 for the company's UVC cleaning module

Taiwan Excellent Awards

Silver award, Well-Being Enterprise, job website 1111

Copper tower award, Taiwan Continuous Improvement Awards

2022

Inclusion as constituent stocks of DJSI-Emerging Markets for third year in row

Silver award of the Taiwan Excellence Awards

Top 5% in corporate-governance evluation

Taiwan Corporate Sustainability Awards (TCSA)

Inclusion in the 2023 Sustainability Yearbook, published by S&P Global, for 2nd straight year

Copper tower award, solidarity section (medium grade), Taiwan Continuous Improvement Awards (TCIA)

2021

Even two years selected as constituent stock of the Dow Jones Sustainability Emerging Markets Index

Silver award, Taiwan Excellence Awards

Top 5% in corporate governance evaluation

Taiwan Corporate Sustainability Awards

Selected to the Standard & Poor's 2021 Perpetual Yearbook

High quality Award for Intelligent robot System

Silver Tower award and Bronze Tower Award in national Circle of Solidarity Competition

2020

Selected as constituent stock of the Dow Jones Sustainability Emerging Markets Index

silver award, National Invention Award

golden award, Taiwan Excellence Awards

Top 5% in corporate governance evaluation

Taiwan Corporate Sustainability Awards

CSR corporate citizen award granted by Commonwealth Magazine for 9th consecutive year

Silver tower award and bronze tower award, national unity circle competition

Constituent stock, Taiwan Sustainable Index for 2nd consecutive year

Chairman Sophia China honored with "outstanding figure for corporate sustainability award"

2019

Top 5% for corporate governance evaluation

Taiwan Corporate Sustainability Awards

Eighth straight year, Corporate Citizen Award, Commonwealth magazine

Continuous honor of Excellent Innovation Awards

Golden tower award, national unity circle competition

Silver award, Taiwan Excellence Awards

Constituent stock of Taiwan Sustainability Index

Top 20 wellbeing enterprises in precision machinery category

Chairman Sophia Chiu granted contribution award of Smart City Awards

2018

News event information

Top 5% for corporate governance evaluation

Taiwan Excellence Awards (15 awards, highest in electromechanics category)

Taiwan Corporate Sustainability Awards (Top 50 CSR report, Top 50 corporate sustainability award, social co-prosperity award, transparency and integrity award)

Seventh straight year, Corporate Citizen Award, Commonwealth magazine

Potential star award for Taiwanese international brands

Excellent award, System Integration Export Awards

Golden award, Smart Machinery Awards

Copper tower award, national unity circle competition

2017

Granted 2016 National Invention and Creation Awards for motor rotor with gas-vent function

Top 5% for corporate governance evaluation

Taiwan Excellence Awards (16 items)

Taiwan Corporate Sustainability Awards (corporate sustainability report gold award, Top 50 corporate sustainability award and people development award)

24th place for big enterprise section, Corporate Citizen Award, Commonwealth magazine

National Innovation Award

silver tower award and copper tower award, national solidarity circle contest

Chairperson Sophia Chiu granted honor of "future MVP manager" in the "MVP manager of the year" event

2016

Top 10 most aspired enterprises for new-generation manufacturing, Cheers magazine

Wuxi Electric Wire granted golden award for "leading energy and environmental design (LEED)" by the U.S. Green Building Council (USGBC)

Copper tower award, national unity circle competition

Golden award for traditional manufacturing industry, Taiwan Top 50 Corporate

Sustainability Report Award Taiwan Excellence Awards

Top 5% for corporate governance evaluation

13th place for big enterprise section, Corporate Citizen Award, Commonwealth magazine

2015

14th place, big enterprise section, Corporate Citizen Award, Commonwealth magazine

Top 5% for corporate governance evaluation

Taiwan Excellence Award
Golden award for traditional manufacturing industry, Taiwan Top 50 Corporate

Sustainability Report Award

Copper tower award, national unity circle competition

2014

12th place, big enterprise section, Corporate Citizen Award, Commonwealth magazine

Citizen Award, Commonwealth magazine First place for electric machinery industry, top 2,000 survey, Commonwealth magazine

Taiwan Top 50 Corporate Sustainability Report Award

Golden award for large enterprises in hi-tech electronic manufacturing industry

Social co-prosperity award, Taiwan Top 50 Corporate Sustainability Report

A++ grade for information disclosure for listed companies on centralized and over-the-counter markets

Taiwan Excellence Awards

2013

11th place, big enterprise section, Corporate Citizen Award, Commonwealth magazine

Exemplary award, National Industrial Innovation Award

Two-star aware for wellbeing enterprises

Taiwan Excellence Awards

2012

Eighth place, big enterprise section, Corporate Citizen Award, Commonwealth magazine

Golden award, Taiwan Excellence Awards (2MW wind turbine)

Taiwan Excellence Awards

2011

Excellent Technology Management Team Award, Chinese Society for Management of Technology

Taiwan Excellence Awards

2010

National HRD InnoPrize

Top50, top 2,000 enterprises survey, Commonwealth magazine

Taiwan Excellence Awards

Diversified operation

Starting from a major motor manufacturer, TECO has transformed into a business group with high competitiveness and globalized operation, spanning heavy electric equipment, home appliances, information technology, communications, key electronic components and parts, infrastructural engineering, financial investment, dining, and home delivery and other services, in a global initiative for plural business scope and all-around marketing and service system, creating a new business pattern and globalized operation, thereby materializing the corporate vision of "world-class brand" via innovative technologies and excellent services.