Taipei, April 27, 2012 (CENS)--Teco Group chairman Ted M.H. Huang said sales of Teco-produced high-efficiency motors grow 46% year-on-year in the U.S. marketplace in the first quarter of this year. As the oil and power shortage crisis is on the rise worldwide, Teco predicted an over 10% YoY growth in sales of motors this year.
Huang said Teco's overall sales will definitely grow this year as Taiwan's demand for high-efficiency motors and inverter home appliances is on the rise.
Faced with the price hike in oil and electricity, Huang called for domestic industrial and commerce sectors to ramp up ability to save energy consumption and reduce carbon emission with a goal to cut electricity consumption by 20%.
Huang lamented Teco couldn't promote high-efficiency motors in Taiwan in the past because of low-level electricity fee. But the company has made a harvest in selling high-efficiency motors in the U.S. after acquiring the motor unit of the Westinghouse a few months ago.
He believed Taiwan will increase the adoption of high-efficiency motors to cut electricity consumption in the months to come.
Teco has also announced it has tapped the supply chain of the electric-vehicle parts worldwide with the cooperation of automobile and motorcycle plants in Taiwan, China, Japan, U.S. and Europe. The company predicted its two plants in Taoyuan County, central Taiwan to achieve annual output of 100,000 units of electric-vehicle motors this year.
(by Ben Shen)