Teco Electric & Machinery, a Taiwan-based vendor of electric appliances under the own brand Teco, expects to ship 170,000-180,000 LCD TVs in 2011, according to the company. Teco shipped 120,000-130,000 LCD TVs during January-September 2011 and recorded the fourth-largest market share in Taiwan.

With LCD TVs being made on an ODM basis and currently accounting for only 4% of its total revenues, Teco focuses in-house production of electric products such as motors as well as wind power-generating and energy-saving equipment. Demand for motors has not been affected by the existing global economic depression, Teco indicated.

Tech has been tapping the China market for its wind power-generating and energy-saving equipment for years, and will tap other emerging markets including India, Brazil and Turkey, Teco noted.

Teco had revenues of NT$7.109 billion (US$243 million) for the third quarter of 2011 growing 8.11% on quarter. The company expects to maintain its 2011 gross margin at 31-32%.

Source:digitimes