2006 TECO celebrates its 50th anniversary 2006 Jiangxi TECO Electric & Machinery Co., Ltd. began operations 2005 Formed joint venture with Japan’s Yaskawa Electric & Machinery Co., Ltd. and established Yaskawa TECO Motor Engineering Co. 2004 Won bid for Taiwan's Highway Electronic Toll Collection(ETC) project. 2003 Grand Opening of TECO Japan's office and TECO Group corporate display area in Tokyo World Trade Center Bldg. 2003 WUXI TECO Electric & Machinery Co., Ltd. commenced mass production. 2002 TECO reallocates group's resources into six business sectors to best equip each subsidiary to confront global competitors. 2001 TECO Optronics Co., a manufacturer of OLED flat panel displays, is founded. It announces entry into the OLED industry and reveals its commitment to the betterment of humanity. 2001 TECO partnered with G&D (German), Hitachi (Japan) and some of Taiwanese companies won the project of "Taiwan's National Health Insurance IC Card", the initiative of Bureau of National Health Insurance, ROC. 2000 TECO relocates its headquarters to Nan Kang Software Park. 1999 ITTS Co., Ltd. is founded. It announces its entry into the Information technology service industry. 1997 Mobitai Communications Co. Ltd. is founded. It announces its entry into the telecommunications service industry. 1995 TECO acquires Westinghouse Motor Co. (USA) to establish the TECO Westinghouse Motor Company. 1993 "TECO Technology Foundation" is founded. It reveals its commitment to promoting Taiwan's technology. 1990 Royal Taiwan Co., Ltd. is founded. It reveals that it will enter the Hospitality industry. 1988 TECO's revenue is over NT$ 10 billion. 1980 TECOM Co., Ltd. is founded. It reveals that it will enter the telecommunications peripherals market. 1973 TECO is listed on the Taiwan Stock Exchange. 1972 TECO establishes its first overseas branch office in Singapore. 1972 TECO announces its entry into the home appliance market by establishing a factory in Dan Shui, Taiwan. The factory manufacturers electronic calculators, televisions, and air conditioners. 1956 TECO establishes its first factory in 1956 and starts its motor manufacturing business.