TECO Electric and Machinery

TECO Electric & Machinery Co., Ltd. (TECO; ) is a Taiwanese company which was established on 12 June 1956, starting out as an industrial motor manufacturer. Over the years, it has successfully diversified into a conglomerate with worldwide business operations. Now it is the third biggest medium-voltage motor producer in the world, with around 8% market share and also ranked number 5 in global low-voltage A/C motor market, representing 4% of the world. The Company also engages in the manufacture, installation, wholesale, retail of various types of electrical and mechanical equipment, telecommunication equipment and home appliances.
Company history.
1956 Established
1970 Produced air conditioners and entered the home appliances market
1986 Joint venture with Westinghouse Electric to form TECO Westinghouse Motor
1989 Founded TECO Industry Malaysia Sdn. Bhd.
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 stepping 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; introduce a 2MW wind power generator
2010 Rollout of TECO's first 2MW wind power turbine
2011 TECO Middle East KSA