Neco: Diversity of development and enthusiasm in charities

Neco

NECO TECHNOLOGY INDUSTRY CO., LTD. was founded by chairman Jin-Yuan Wang in 1986. With a solid technical foundation, Jin-Yuan Wang stepped into a workshop to get the right skills at 19 years old. He learned the manufacturing process and technology of chainwheel forging, lathing, molding, polishing, and galvanization. In 1981, Wang started his own business based on manufacturing chainwheels. In 1986, -Yuan Wang founded the company officially and started producing chainwheels. As the company expanded, the products were exported to Central/South America, Europe, and North America, gaining recognition by more and more customers. In 1995, NECO launched its own brand, NECO, adopting a dual operation model with both OEM and own branded products distribution. Chairman Wang proposed the name of NECO with the intention that the company would continue to develop in the future.

Cross-Strait labor division, pursuit of sustainability 

To increase productivity and improve competitiveness, and develop towards a sustainable operation, NECO adopted a cross-strait labor division model. Apart from the existing Taiwan facility, the company established the Foshan Shunde factory in 1997, producing mostly headsets, BBs, axles, and pedals for export. In 2001, the company expanded to Eastern China and established a factory in Tianwang Town of Jurong City, occupying 75 acres of land and producing hubs, headsets, BBs, axles, and pedals. In 2014, NECO opened the Tianjin factory in Northern China, occupying 60 acres and producing particularly cranks and wheel hub motors. Chairman Wang points out that today NECO distributes six major product categories to key markets worldwide. 50% of NECO’s export is distributed to Europe, 25% to Central/South America, 15% to the US, and 10% to Southeast Asia and Japan. 

Over the past 36 years, Chairman Jin-Yuan Wang upholds the business philosophy of “Quality, Service, Speed, and Sustainability”. NECO has not only actively upgraded its productivity, invested in production equipment, improved the ratio of self-produced content, and developed various production lines, but also made huge efforts in R&D with a focus on service and stable quality.

NECO also participates in exhibitions worldwide, continues to expand on international markets, and successfully increased its sales territory. Upholding to the promising outlook of development in electric bikes, NECO has devoted itself to the R&D of mid motors and hub motors for the past 6 years. The aim is to integrate resources and technology and it is expected that NECO will be recognized worldwide thanks to its R&D potential.