Teco Electoronic & Machinery Co., Ltd. steps forward to be the biggest motor manufacturer worldwide

 Teco Electoronic & Machinery Co., Ltd. (“Teco”) signed a contract with local China Steel, Nippon Steel Corporation, Itochu Marubeni Steel Inc. Corporation of Japan and Sumitomo Corporation on Oct 26, 2002. Teco will invest US$20,000,000 to set up a large-scale motor factory in Wuxi, Mainland China. The factory will put into production in March next year and the business income of 2005 is estimated at US$100,000,000.  Currently, Teco has already had fifteen overseas locations engaged in motor production.  Once the factory in Wuxi is set up in the future, Teco will hopefully become the motor manufacturer with the biggest output value in the world in 2005.