Development History

DateEvent
1966/7Company established at #169 Nan Ching East Road, Section 2 Taipei City.

Company Name: Yungtay Engineering Co., Ltd. NTD 6 million in investment capital established.
Main Business: Agent for Hitachi Elevators.
1968/11Received Hitachi’s investment of NTD 2 million and increased investment capital to NTD 10 million.
1969/9Established Hsin Zhuang factory, beginning consistent domestic elevator design, manufacturing, installation, and maintenance.
1972/3Exporting begins to Hong Kong and Japan.
1972/12In order to meet dramatic demand, Taoyuan Chun Ri Road factory established, and all elevator operations transferred there.
1976/4In cooperation with Hitachi, develop state housing use elevators.
1978/1
In technical cooperation with Japan’s Nihon Radiator Co., Ltd., began production of automotive heating and air conditioning units.
1978/12
Cargo elevators exported to Singapore.
1979/5
Investment capital reaches NTD 50 million, and industrial production of guide rails and all related equipment begun.
1979/10
Elevator guide rails exported to Hong Kong.
1980/4
Elevator guide rails exported to Singapore.
1980/5
Investment capital reaches NTD 70 million, and elevator main component exports to Singapore’s state housing bureau begun.
1980/12
Taiwan’s Economic Department confers on Yungtay the “92 most extensive scope mechanical factories” award, Yungtay is the only elevator company thus recognized.
1982/10
Taoyuan County Guanyin township Chungli factory established, manufacturing automobile climate control units and related parts.
1982/11
Investment capital reaches NTD 197 million, and industrial robots, electric hanging assemblies and other machine numbers increased.
1983/1
Contract signed with Taiwan Economic Department Industrial Technology Research Facility, becoming one of five companies involved in Robotic technology information transfer.
1983/11
Investment capital reaches NTD 236.4 million, and sanction as a public stock issuing company received.
1984/10
Built Service System enters newly constructed Dun Hua South Road building, increasing customer service ability.
1985/3
Taiwan’s first elevator research tower construction completed at the Taoyuan plant.
1986/5
Company headquarters moved to from Nan Jing East Road to #99 Fu Xing North Road, 10th and 11th Floors, Taipei City.
1987/7
Chungli factory is sold, and Taiwan Calsonic Co., Ltd. is established together with Japan’s Nihon Radiator Co., Ltd.
1989/9
Investment capital reaches NTD 600 million, and sanction by Taiwan’s Securities and Exchange Commission to sell company stock received.
1990/8
More than 5,000 square meters are purchased adjacent to the Taoyuan factory to increase elevator production capacity, and vertical parking equipment production.
1991/8
More than 255 square meters of land purchased in Taichung.
1992/11
Construction begun on Taichung office building.
1993/7
Taiwan Economic Department Investment Consideration Committee sanctions investment in mainland China via a third country (Hong Kong Yung Si Co., Ltd.)
1993/9
Established Shanghai Yungtay Engineering Co., Ltd. and obtained a business license.
1993/11
ISO9001 product quality certification obtained.
1995/3
Taichung Branch Office Building completed.
1996/11
Service Center is changed to Build Service System.
1998/9
Along with Hitachi established Yungtay-Hitachi Construction Machinery Co., Ltd.
1999/2
Established YK Engineering Co., Ltd.
1999/3
ISO14001 Environmental Management certification obtained.
1999/8
Established Evest Co., Ltd.
2000/2
Established Yungkwen Engineering Co., Ltd.
2001/12
OHSAS18001 Environmental Management certification obtained.
2003/11
Shanghai Yungtay Engineering Co., Ltd. name changed to Shanghai Yungtay Elevator Equipment Co., Ltd.
2004/6
YK Engineering Co., Ltd. name changed to GIO Automation Technology Co., Ltd.
2005/12
Established Shanghai Yungtay Gie Co., Ltd.
2006/2
Shanghai Yungtay Gie Co., Ltd. Sanctioned investment capital ,declares total registered investment capital as US$ 3.75 million。
2007/10
Shanghai Yungtay Elevator Equipment Co., Ltd. Sanctioned investment capital by surplus ,declares total registered investment capital as US$ 56 million。
2007/10
Shanghai Yungtay Gie Co., Ltd. Sanctioned investment capital ,declares total registered investment capital as US$ 10 million。
2008/3
Invested in Shangying Investment Co., Ltd. and bought back 20% of the shares held by Hitachi Ltd. in Hong Kong Younghom Electronics Co., Ltd.
2008/3
Hong Kong Younghom Electronics Co., Ltd. bought back 6% of the equity held by Hitachi Building System Co., Ltd. (HBS) in Hong Kong Younghom Electronics Co., Ltd. and reduced the capital.
2008/4
Yungtay Shanghai established a subsidiary, Yungtay Tianjin Elevator Equipment Co., Ltd.
2008/7
Shanghai Yungtay established a subsidiary, Shanghai Yungtay Elevator Installation and Maintenance Co., Ltd.
2009/6
Shanghai Yungtay increased the capital of Shanghai Yungtay Elevator Installation and Maintenance Co., Ltd., and the paid-in share capital was RMB 20 million.
2009/12
Shanghai Yungtay increased the capital of Tianjin Yungtay Elevator Equipment Co., Ltd., and the paid-in share capital was RMB 150 million.
2010/4
Shanghai Yungtay invested in Vietnam Yungtay Elevator Co., Ltd.
2010/11
Shanghai Yungtay increased the capital of Shanghai Yungtay Jiyi Electric Co., Ltd., and the paid-in share capital was US$ 12.5 million.
2010/12
Shanghai Yungtay Gie Co., Ltd. was renamed to Shanghai Gie Co., Ltd.
2011/4
Tianjin Yungtay established a subsidiary, Tianjin Yungtay Elevator Installation and Maintenance Co., Ltd.
2011/5
Shanghai Yungtay increased the capital of Shanghai Jiyi Electric Co., Ltd., and the paid-in share capital was US$ 15 million.
2012/6
Shanghai Gie Co., Ltd. completed factory expansion.
2013/3
Hong Kong Younghom Electronics Co., Ltd. was renamed to Hong Kong Yungtay Electric Co., Ltd.
2013/3
Shanghai Yungtay increased the capital of Tianjin Yungtay Elevator Equipment Co., Ltd., and the paid-in share capital was RMB 200 million.
2013/6
Yungtay Shanghai Elevator Equipment Co., Ltd. was renamed to Yungtay Elevator Equipment (China) Co., Ltd.
2013/6
Yungtay Elevator Equipment (China) Co., Ltd. established a subsidiary, Sichuan Yungtay Elevator Equipment Co., Ltd.
2013/9
Yung Shin Investment Limited sold all the equity of Shanghai Gie Co., Ltd. to Yungtay Elevator Equipment (China) Co., Ltd., and Yung Shin Investment Limited was dissolved and liquidated.
2013/12Sichuan Yungtay merged with Chengdu Yungtay, and the paid-in share capital was RMB 152 million.
2015/3Yungtay Elevator Equipment (China) commenced the construction of its Sichuan factory.
2015/12Yungtay Elevator Equipment (China) completed and opened the elevator exhibition center.
2016/8Yungtay Elevator Equipment (China) completed the construction of its Sichuan factory.
2017/12Yungtay Elevator Equipment (China) acquired the subsidiary, Shanghai Gie Co., Ltd.
2018/10Hitachi Group intended to publicly acquire common shares of our company.

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