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Techmation 40th anniversary
Corporate Governance
Techmation Group's 40-Year Development History: From Taiwan to a Global Leader in Industrial Automation | Techmation
Corporate Governance
2024-11-26
Techmation Group's 40-Year Development History: From Taiwan to a Global Leader in Industrial Automation | Techmation
Techmation Group: 40 Years of Smart Manufacturing Legacy—
From Taiwan to the World: A Leading Pioneer in Industrial Automation
Techmation Group was founded in Taiwan in 1984 by Chairman Yü-Lin Hsiung. Through four stages of development, continuous innovation, and strategic planning, it has grown into a global leader in plastic machinery automation.
Corporate Development Milestones
Founding Period: Established in Taiwan, Laying the Foundation (1984-1993)
- 1984 ：Founded in Taiwan by Chairman Yü-Lin Hsiung.
- 1986 ：Developed the world's first all-Chinese display injection molding machine control system.
- Core Area: The group focuses on the research and development of industrial automation technology.
- 1993 ：Established the first mainland office in Ningbo
- 2001 ：Founded Ningbo Techmation
- 2004 ：FoundedSPECTRUM CONTROL SYSTEMS
Growth Period: Taking Root in Ningbo, Expanding and Strengthening（2005-2014）
- 2005 ：Ningbo production base began operations, enhancing manufacturing capabilities, and collaborated with international companies like Siemens to develop technologies.
- 2010 ：Initiated IPO planning.
- 2013 ：Established Xi'an Techmation, strengthening IoT and Internet of Things technology research and development.
Globalization Period: Moving Towards Globalization, Building an Ecosystem（2015-2024）
- 2015 年：Listed on the Shanghai Stock Exchange，
- Implemented the Plastic Machinery Industry 4.0 strategy.
- Completed global acquisitions: Taiwan's Handa Electronics and Italy's EEI, expanding market and technological scope, building an industry ecosystem.
Modernization Transformation and Future Vision: "Three Major Business Departments" Strategic Layout
After forty years of development, Techmation Group has completed the strategic layout of its "three major business departments," covering the Automation Department, Digitalization Department,andNew Energy Department. This further strengthens its competitive advantages in the global industrial automation and smart manufacturing fields.
- Automation Department
- Digitalization Department
- New Energy Department
2025 Development Objectives and Response Strategies
Facing uncertainties in global economic and industrial development, Techmation Group will fully utilize its global layout, technological foundation, and regional advantages to flexibly respond to challenges.- 2025 Development Focus
- Strengthen Global Market Layout
- Enhance Core Technology Autonomy
- Continuously Innovate R&D
- Optimize Organizational Structure
- Improve Management Efficiency
The company's three core businesses———automation, digitalization, and new energy—will solidify the foundation for high-quality sustainable development through autonomous core technologies, continuous innovation, optimized organizational structures, and improved management efficiency. The group will adopt a stable development strategy to continuously drive business growth and enhance market competitiveness.
Core Competitive Advantages:
- Complete Layout of Three Core Businesses：
Automation, Digital Transformation, and New Energy Development - Global Vision with Local Advantages
- Continuously Innovative Technical Strength
- Complete Industrial Ecosystem
Techmation Group's 2035 Vision and Strategic Objectives
In October 2023, CEO Maggie Hsiung and CTO JERRY Hsiung took over as the new leadership team and officially announced the 2035 vision and strategic objectives at the group's 40th anniversary celebration.This strategy will drive the group's long-term development in AI, automation, and smart manufacturing, enhancing its global competitiveness.
Techmation Group's 2035 vision is to become a leader in "AI + Intelligent Control Systems," with strategic cores centered around "connection" and implemented through three strategic axes：
- AI and Services: Achieving Human-Machine Connection
- Energy-Saving Control Systems: Optimizing Machine Connections
- Industrial Connections: Deepening Interpersonal Connections
Standing at the milestone of Techmation Group's 40th anniversary, we witness a glorious journey from Taiwan to a global presence. This is not only a history of innovation and breakthroughs but also an evolving industry paradigm. Looking forward, Techmation will uphold the core concept of "innovation-driven, intelligent manufacturing" to deepen the application of AI technology in smart manufacturing and upgrade industrial IoT solutions comprehensively. We commit to practicing sustainable development goals in global layouts with green smart manufacturing.
In the next forty years, Techmation will continue to pursue excellence with the spirit of "pursuing perfection and striving for excellence," innovating for industries, creating value for customers, and jointly creating a better future for smart manufacturing.
