August 13, 2024, Taipei – Danfoss Asia Pacific and TECO Electric & Machinery Co., Ltd. announced the signing of a strategic Memorandum of Understanding (MoU) to deliver integrated motor-drive solutions tailored for mining operations in Australia and Indonesia.
According to the International Energy Agency (IEA), mining capacity for critical minerals needs to expand swiftly to get on track with net zero goals. Tackling the environmental and social impacts of mineral developments will be essential, including the emissions associated with mining.[i] The partnership between Danfoss Asia Pacific and TECO leverages the combined strengths and expertise of both companies to address the evolving needs of the mining industry in Australia and Indonesia.
Australia and Indonesia play a critical role in the global supply of essential minerals, particularly those crucial for the energy transition. Recognizing the unique demands and growth opportunities within these markets, Danfoss and TECO are committed to providing optimized solutions that enhance operational efficiency and sustainability.
Under this MoU, Danfoss and TECO will collaborate to:
- Offer comprehensive motor-drive packages: Combining Danfoss' leading-edge drive technology with TECO's robust and reliable motors to deliver a seamless and high-performing solution.
- Expand market presence: Leverage the combined strengths and established networks of both companies to effectively target and capture new opportunities in the Australian and Indonesian mining sectors.
- Conduct joint marketing and business development: Implement coordinated initiatives to promote the combined solutions and engage with key stakeholders across the mining value chain.
- Provide enhanced customer support: Deliver comprehensive technical expertise and after-sales service to ensure optimal performance and customer satisfaction.
“This partnership exemplifies our commitment to providing customers with complete solutions that optimize their operations, reduce energy consumption and increase competitiveness. By combining our expertise with TECO's, we are confident in our ability to deliver exceptional value and drive sustainable growth in the mining industry." says Krisada Phetsuksiri, Head of Asia Pacific & India Regions, Danfoss Drives.
President of TECO, Thomas Fann, says:” In response to the increasing demand for key mineral resources driven by the global energy transition, the strategic combination of TECO’s motors and Danfoss’ inverters will provide mining customers with high-efficiency and energy-saving power solutions. Specifically targeting key countries rich in lithium, copper, and nickel, such as Australia and Indonesia, TECO and Danfoss Taiwan will actively collaborate to develop green opportunities.”
This strategic partnership between Danfoss Asia Pacific and TECO marks a significant step towards providing the Australian and Indonesian mining industry with cutting-edge technologies and comprehensive support, enabling them to enhance productivity, reduce environmental impact, and achieve sustainable growth.
For more contact
Nastasshea Jolene Rozario, Head of Marketing & Branding
Danfoss Asia Pacific Region
Phone: +6012 379 6800
Mail: nastasshea.rozario@danfoss.com
Lily Chiang, Senior Public Relations Manager
TECO Taiwan
Phone: +886 2 2655-3333
Mail: lily.chiang@TECO.com.tw
About Danfoss A/S
Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.
Our innovative engineering dates back to 1933. Danfoss is family- and foundation-owned, employing more than 42,000 people, serving customers in more than 100 countries through a global footprint of 95 factories.
About TECO
A global leader in electrification since 1956, TECO has grown from manufacturing only motors to now a top 5 industrial motor manufacturer with a comprehensive solutions portfolio. Spanning five continents, TECO delivers Green Mechatronic Solutions, Intelligence Energy products, and Air & Intelligent Life appliances. Committed to the energy transition, TECO offers low-carbon industrial solutions, electric vehicle powertrain components, substation projects for renewable energy, and energy storage systems.
Visit www.teco.com.tw/en to explore how TECO is driving a sustainable future with "energy-conservation, emissions reduction, intelligence, and automation.