TECO and Zhen Ding Reach Strategic Cooperation to Deepen Energy Saving, Carbon Reduction, and Sustainable Development Business
TECO Electric and Machinery Co.,
Ltd. (TWSE: 1504), a global provider of mechatronic systems, automation, and
smart energy management, and Zhen Ding Technology (TWSE: 4958), a leading
global PCB manufacturer, jointly announced today (24th) the signing of a
strategic cooperation framework agreement. The two companies will establish a
comprehensive strategic partnership to promote energy saving, carbon reduction,
and sustainable development within the PCB industry. The initial phase will
focus on comprehensive collaboration in the "Intelligent Energy Management
" project, leveraging their respective technological advantages and
innovative capabilities. Through technological exchange and experience sharing,
they aim to jointly advance the low-carbon energy-saving initiatives and green
transformation of the PCB sector.
TECO's plant energy-saving
"Carbon Reduction Package" was successfully completed in Zhen Ding
Technology Group's Shenzhen and Qinhuangdao zones in 2023, achieving approximately
RMB 1.5 million per year in electricity cost savings and an annual reduction in
carbon emissions of about 1,800 tons of CO2e, demonstrating significant
results. Morris Li, Chairman of TECO, stated that TECO aims to leverage its
product and technology advantages, along with its mature and extensive
energy-saving renovation solutions and comprehensive maintenance service
system, to achieve green transformation for Zhen Ding Technology Group's global
plants. This collaboration not only aligns with the energy-saving and carbon-reduction initiatives in the three-year development strategy of TECO, but also further promotes the establishment of a low-carbon ecosystem in the PCB industry. Both
parties are targeting an annual carbon reduction of over 5,000 tons and will
continue to optimize and upgrade.
Charles
Shen, Chairman of Zhen Ding Technology Group, stated that "developing
technology to benefit humanity; advancing environmental protection to make the
Earth a better place" is Zhen Ding Technology Group's mission. Through
this collaboration, they hope to utilize TECO's intelligent management
technology to assist Zhen Ding in establishing an equipment health management
platform. By leveraging the latest in IoT, cloud computing, big data, and
mobile communications technologies, they aim to provide full lifecycle services
for equipment operational status, and offer green energy integration solutions
for energy saving, energy creation, and energy storage, thus ensuring safe,
continuous, and low-carbon smart production for Zhen Ding.
The scope of cooperation also
includes TECO Electric and Machinery Co., Ltd. providing Zhen Ding with
technical improvement services for various operating conditions and
comprehensive solutions for various power energy systems. This includes motor
drive systems, circulating water systems, fan systems, air conditioning
systems, air compression systems, and waste heat utilization. In terms of
energy management collaboration, the two parties will prioritize the trial
implementation of solar energy and energy storage system construction and
operation and maintenance. Additionally, they will progressively engage in
in-depth cooperation for monitoring, early warning, diagnosis, and trend
analysis of intelligent equipment health operations.