TECO Electric & Machinery Co Ltd - Company Profile
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TECO Electric & Machinery Co Ltd (TECO) is a provider of home appliances, electrical equipment, IT systems, electromechanical components, and commercial electronics. The company offers products such as electric motors, reducers, inverters, air condition products, and human-machine interfaces (HMI). It also provides a programmable logic controller, alternating-current servo driving system, automated guided vehicle, and solar panels. TECO serves to the medical information systems, e-commerce, semiconductors, optronics, network, software, infrastructure, financial investments, food services, and distribution industries. The company operates in Africa, Europe, Asia, and the Americas. TECO is headquartered in Taipei, Taiwan.
Headquarters
Taiwan
Address
No.156-2, Songjiang Road, Jhongshan District, Taipei, 115
Website
www.teco.com.tw
Telephone
886 2 26553333
No of Employees
14,000
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
1504 (TPE)
Revenue (2022)
$1.9B
1.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
68.6%
(2022 vs 2021)
Market Cap*
$3.8B
Net Profit Margin (2022)
XYZ
65.6%
(2022 vs 2021)
* As of and is in US$
TECO Electric & Machinery Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electrification System | HVAC System Solution |
| Household and Air Conditioning Appliances | E-House Solution |
| System and Automation Products | Power Plant Solution |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company entered an agreement with Energy, Inc. to expand energy storage business opportunities in Taiwan. |
| 2023 | Plans/Strategy | In September, the company announced its plans to invest US$10 million to build a plant in the municipality of Cienega de Flores, Nuevo Leon, Mexico. |
| 2023 | Contracts/Agreements | In July, the company landed the NT$4.46 billion turnkey contract for Taipower's STATCOM engineering project in Changhua County. |
Competitor Comparison
| Key Parameters | TECO Electric & Machinery Co Ltd | Tatung Co Ltd | Sampo Corporation | Taiwan Sanyo Electric Co., Ltd. | I Yuan Precision Industrial Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Taiwan | Taiwan | Taiwan | Taiwan | Taiwan |
| City | Taipei | Taipei | Taoyuan | Taipei | Taoyuan |
| State/Province | - | Taipei | Taoyuan | - | - |
| No. of Employees | 14,000 | 32,222 | 1,932 | 1,244 | 239 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sophia Chwen-Jy Chiu | Chairman | Executive Board | 2015 | - |
| Peng Chi-tseng | President | Senior Management | - | - |
| Kao Fei-yuan | President | Senior Management | - | - |
| Chang Sung-pin | President | Senior Management | - | - |
| Thomas Fann | President - Ford Lio-Ho Motor Company | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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