TECO Electric & Machinery Co., Ltd. (TECO; Chinese: 東元電機; pinyin: Dōngyuán Diànjī) is a Taiwanese company which was established on June 12, 1956, starting out as an industrial motor manufacturer. Over the years, it has successfully diversified into a conglomerate with worldwide business operations. Now it is the third biggest medium-voltage motor producer in the world, with around 8% market share and also ranked number 5 in global low-voltage A/C motor market, representing 4% of the world. The Company also engages in the manufacture, installation, wholesale, retail of various types of electrical and mechanical equipment, telecommunication equipment and home appliances.