TECO ELECTRIC & MACHINERY CO., LTD.

TECO ELECTRIC & MACHINERY CO., LTD.

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Company Overview
Teco Electric & Machinery Co., Ltd. is a Taiwan-based publicly quoted company engaged in the manufacture, installation, wholesale and retail of various electrical and mechanical equipment, transportation equipment, general mechanical equipment, air-conditioning units, electronic equipment, telecommunication equipment, office equipment and home appliances. The company was founded in 1956 and has its registered headquarters in Taipei, Taiwan. Its shares are listed on the Taiwan Stock Exchange with the ticker symbol 1504.
Teco Electric & Machinery operates its business through seven divisions: industrial motor and applications division offers motors and compressors; industrial product and system automation division, specializes in the manufacture of electromagnetic switches, non-fuse circuit breakers, frequency inverters and controllers; AV division, which provides cathode ray tube (CRT) televisions, flat-screen televisions, liquid crystal display (LCD) televisions, as well as digital versatile disc (DVD) players; home appliances division is consists of refrigerators and washing machines; commercial and industrial air conditioning appliances division, provides air-conditioning systems and engineering services; and smart card division, which is involved in security card and wafer businesses.
Teco Electric & Machinery is a leading heavy electrical industrial brand and a leading manufacturer of home appliances, telecommunications equipment, IT systems, electromechanical components, and commercial electronics in Taiwan. It is dedicated to long-term development, creating new competitive advantages, enhancing service quality, developing top-light personnel, and creating outstanding products. The company has approximately 30 subsidiaries and affiliated companies across Asia, America and Europe.
Business Summary
The Company was primarily engaged in the manufacture, installation,wholesale,and retail of various types of electrical and mechanical equipment, tramsportation equipment,general mechanical equipment, air-conditioning units,electronic equipment, telecommunication equipment, office equipment, and home appliances.
Description and history
The Company was established on June 12 ,1956. The Company is principally engaged in the manufacture and distribution of heavy electrical equipment and electrical control products, as well as home appliances and air conditioners. Its heavy electrical equipment products include energy-saving motors, synchronous machine, direct current (DC) motors, ventilators, power generators, magnetic switches, distributors and variable frequency drives. Its home appliance and air conditioner products include far infrared refrigerators, inverter refrigerators, disposable refrigerators, oxygen generating refrigerators, liquid crystal displays (LCDs), panel televisions, digital versatile discs (DVDs), acoustics and others. The Company is also involved in engineering business.

The Company has about 30 subsidiaries and affiliations across Asia, America and Europe, and the total employee amount is over tens of thousands. The Company is forever dedicated to long-term development, creating new competitive advantages, enhancing service quality, developing top-flight personnel, and creating outstanding products.

The Company was successfully listed on TSEC on November 5, 1973.

HISTORY

2006
Jiangxi TECO Electric & Machinery Co., Ltd. began operations.
2005
Creative Sensor Inc. publicly listed on Taiwan Stock Exchange.
Built a LCD TV plant in Slovakia to expand TECO’s market in Europe and Russia.
2003
Grand Opening of TECO Japan’s office and TECO Group corporate display area in Tokyo World Trade Center Bldg.
Formal merge with Taian Electric.
WUXI TECO Electric & Machinery Co., Ltd. commenced mass production.
2002
Launch of TECO’s new Corporate Identity System.
Established six-sector structure of TECO Group.
Founded GDTECO, a joint-venture company specialised in smart card manufacturing, with G&D.
2001
Founded eValue commence Co. Ltd., bringing home appliances into the e-commerce era.
Established Teco Optronics Co., entering the OLED industry, manufacturing OLED flat panel displays.
2000
Taiwan Pelican Express Co. Ltd established, providing door-to-door service
TECO headquarters moved to Nan Kang Software Park Area.
Founded INQGEN Technology Co. Ltd., focusing on medical information system design and applications.
1999
Founded ITTS Co., Ltd.
1998
Founded TECNOS International Consulting Co. Ltd.
1997
Joined Taiwan High-Speed Rail Consortium.
Founded Mobitai Communications Co. Ltd.
Founded TECO Image System Co., Ltd.
1996
TECO Information Systems’ CRT Plant completed.
1995
Acquired Westinghouse Motor Co. (USA).
1994
uTeco Technology Foundation vestablished the Teco Science & Technology Award.
1993
Established uTeco Technology Foundation v.
1991
Founded Royal Taiwan Co., Ltd.
Founded TECO Industry Malaysia SDN. BHD.
1990
Founded Toshiba Compressor (Taiwan) Corp.
Founded Tecoson Industrial Development (HK) Co. Ltd.
1989
Established TECO Australia Pty Ltd. Branch Office in Melbourne.
1988
Founded TECO Westinghouse Motor Co. via joint venture.
1983
Founded TECO Australia Pty Ltd.
1982
Founded Lien Chang Electric Enterprise Co., Ltd.
1980
Founded TECOM Co., Ltd.; primary products include D-4 digital telecommunications receiving and switching equipment.
1979
Founding investor in United Microelectronic Corp.
1976
Founded TECO American Inc.
1975
Founded ITTS Co.
1973
TECO listed on the Taiwan Stock Exchange.
1972
Founded TECO Electric & Machinery (PTE) Ltd. (Singapore).
1969
Founded Taian Electric Co., Ltd, a subsidiary producing all types of electrical equipment including switches and programmable controllers.
1966
Founded Tung-Pei Industrial Co., Ltd., and began to manufacture all types of precision bearings.
1957
Imported motors through Guang Yuan Hang; set up island-wide sales network.
1956
TECO Electric & Machinery Co., Ltd. founded.

Business Line
Engaged in the manufacture, installation, wholesale and retail of various electrical and mechanical equipment, transportation equipment, general mechanical equipment, air-conditioning units, electronic equipment, telecommunication equipment, office equipment and home appliances
Subsidiary
@MIGO LOGISTICS CORP.
Advisor
PRICE WATER HOUSE COOPERS
IPO date
11/5/1973
US SIC Code
3639
Company Address
5th Floor
19-9, San Chong Road, Nan-Kang
City province or state postal code
115, TAIPEI
Phone: +886 2 2655 3333
Fax: +886 2 2655 2276
Country address: TAIWAN
Website url: www.teco.com.tw