Electric utility company Teco Electric aims for more than half of its revenue to come from foreign sources
Teco Electric Expands Presence in Southeast Asia and US Market
Teco Electric and Machinery Co Ltd, a leading Taiwanese company, is actively increasing its overseas revenue, with a particular focus on Southeast Asia and the US. The company's expansion strategy is centred around data center and mechanical, electrical, and plumbing (MEP) projects, capitalising on the region's rapidly growing hyperscale data center development.
The company's latest move involves securing two major MEP contracts in Malaysia. In Selangor's Elmina Business Park, Teco will install server rooms and deploy hyperscale fiber-optic communications infrastructure, while in Johor Bahru's Sedenak Tech Park, the focus is on providing fiber-optic solutions for hyperscale data centers. These projects, totalling approximately US$39.4 million, provide a combined capacity of 178 MW.
Teco Electric has a strong footprint in Southeast Asia and Taiwan, with over 700MW of installed data center capacity across the region. In Singapore, its subsidiary, Teco Electric & Machinery Pte Ltd, has been handling sales, services, and construction for its electric machinery and MEP business since 1972, delivering more than 240MW of data center capacity.
The company's expansion strategy also includes leveraging acquisitions and partnerships. In March 2025, Teco acquired an 80% stake in Malaysian MEP firm NCL Energy Sdn Bhd, marking its entry into the Malaysian data center market. Teco has also formed a partnership with power transformer maker PT Sintra, an Indonesian affiliate of Shenchang Electric Co, to expand its product portfolio in Indonesia.
Beyond engineering services, Teco manufactures key MEP products essential for data center construction, including high-efficiency motors, busways, generators, transformers, and switchboards. This integrated approach strengthens its position as a one-stop MEP and smart energy solutions provider in these markets.
While specific details on current US projects were not detailed in the recent reports, the company’s stated goal is to increase overseas revenue to more than 50%, with both Southeast Asia and the US emphasized as strategic regions. Morris Li, the company chairman, made these comments on the sidelines of an event in Taipei.
The Singapore unit of Teco Electric and Machinery Co Ltd serves as a regional office for the company. It is expected to support operations in Malaysia through management and resource integration. The focus of the partnership between Teco and PT Sintra is on North America and Taiwan. The partnership aims to expand Teco's product portfolio in Indonesia and support its operations in Malaysia.
In summary, Teco Electric is leveraging acquisitions, advanced engineering capabilities, and a broad MEP product portfolio to expand its presence in key Southeast Asian markets such as Malaysia and Singapore. This expansion is designed to capitalise on the region’s rapidly growing hyperscale data center development and positions Teco as a leading MEP and data center infrastructure engineering firm. Its focus on the US market also signals a concurrent expansion in data center-related projects there, aiming to significantly boost its international revenue share.
- Teco Electric's expansion strategy includes focusing on finance-driven projects such as data center and MEP projects, which are capitalizing on the region's rapidly growing hyperscale data center development.
- The company's stated goal is to increase its overseas revenue, particularly in strategic regions like Southeast Asia and the US, with a aim to surpass 50% of its total revenue from overseas business.
