TAIPEI (Taiwan News) — TECO Electric and Machinery is pushing deeper into the North American power grid and AI infrastructure market as it aims to generate more than half of its revenue from overseas.

At the company’s annual shareholders’ meeting on Tuesday, TECO Chair Li Ming-hsien (利明献) said the company is focused on high-growth sectors like resilient grids and data centers, per CNA. A regional general manager system is being set up to streamline operations across China, Southeast Asia, North America, and Europe, he added.

Overseas markets account for less than 50% of TECO’s revenue, but Li said the goal is to exceed that threshold. North America is a major growth target, driven by new tariff dynamics and rising demand for infrastructure tied to AI and grid resilience.

In Southeast Asia, TECO is expanding into Singapore, Vietnam, and the Philippines. The regional integration model is expected to improve coordination with headquarters and support faster business growth.

Li explained that tariffs, interest rates, and currency shifts are regular business costs and part of broader policy impacts. While some buyers may delay decisions due to trade uncertainty, TECO’s low foreign currency exposure and hedging strategy have kept second-quarter results stable.

TECO is also expanding transformer production to meet surging demand. TECO CEO Kao Fei-yuan (高飛鳶) said a new high-voltage transformer line at Zhongli plant in Taoyuan will start production in October and reach full capacity by Q2 2026, per Anue.

A new plant at Guanyin site is planned to launch in late 2027 with an annual output of NT$1 billion (US$33.34 billion). Kao added that Zhongli is already producing utility-grade transformers, with Taipower certification expected by Q1 2029.