Teco Electric and Machinery Co Ltd (東元電機) aims to increase its overseas revenue to more than 50 percent of its total, with a focus on Southeast Asia and the US, company chairman Morris Li (利明献) said on the sidelines of an event in Taipei yesterday.
Li said that the company’s newly secured mechanical, electrical and plumbing (MEP) contracts for two hyperscale data center engineering projects in Malaysia earlier this month are designed to leverage the country’s energy-saving advantages, supportive policies and favorable operating environment.
The NT$1.17 billion (US$39.4 million) deal follows Teco’s acquisition in March of an 80 percent stake in Malaysian MEP firm NCL Energy Sdn Bhd, marking Teco’s entry into the Malaysian data center market, where several leading cloud service providers have established operations, he said.
Photo courtesy of Teco Electric & Machinery Co
The project in Selangor’s Elmina Business Park involves installing server rooms and deploying hyperscale fiber-optic communications infrastructure, while the Johor Bahru project at Sedenak Tech Park focuses on providing fiber-optic solutions for hyperscale data centers, Teco said.
Prior to establishing its presence in Malaysia, Teco’s Singaporean subsidiary, Teco Electric & Machinery Pte Ltd, had been handling sales, services and construction for its electric machinery and MEP business since 1972, the company said.
The Singapore unit would serve as a regional office for Teco and is expected to support operations in Malaysia through management and resource integration, Li said.
In addition, the company has formed a partnership with power transformer maker PT Sintra, an Indonesian affiliate of Shenchang Electric Co (伸昌電機), to expand its product portfolio in the country, with a focus on North America and Taiwan.
“The partnership is expected to significantly support Teco’s expansion in the power transformer sector,” Li said.
Teco in late September last year acquired a 57.2 percent stake in Shenchang.
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