About Us
Development History
Date Event
1966/7 Company 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.
1968/11 Received Hitachi’s investment of NTD 2 million and increased investment capital to NTD 10 million.
1969/9 Established Hsin Zhuang factory, beginning consistent domestic elevator design, manufacturing, installation, and maintenance.
1972/3 Exporting begins to Hong Kong and Japan.
1972/12 In order to meet dramatic demand, Taoyuan Chun Ri Road factory established, and all elevator operations transferred there.
1976/4 In 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.
1993/12
ISO9001 Quality Management 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 Occupational Health and Safety 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.
2013/12 Sichuan Yungtay merged with Chengdu Yungtay, and the paid-in share capital was RMB 152 million.
2015/3 Yungtay Elevator Equipment (China) commenced the construction of its Sichuan factory.
2015/12 Yungtay Elevator Equipment (China) completed and opened the elevator exhibition center.
2016/8 Yungtay Elevator Equipment (China) completed the construction of its Sichuan factory.
2017/12 Yungtay Elevator Equipment (China) acquired the subsidiary, Shanghai Gie Co., Ltd.
2018/10 Hitachi Group intended to publicly acquire common shares of our company.
2019 Yungtay Elevator Equipment (China) canceled the merger with its subsidiary Shanghai Gie EM Co., Ltd. in August.
2019 Tianjin Yungtay Elevator Installation and Maintenance Co., Ltd. completed its cancellation in November.
2020 Launched the Smart Prevention Elevator in May
2020 Formally became a subsidiary of Hitachi Group.
2020 The shipment of 80,000th elevator from Taiwan.
2021 The first CSR report with international certification.
2022 Became a wholly-owned subsidiary of Hitachi, Ltd.
2022 Renamed Hitachi Yungtay Elevator Co., Ltd.
| Date | Event |
|---|---|
| 1966/7 | Company 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. |
| 1968/11 | Received Hitachi’s investment of NTD 2 million and increased investment capital to NTD 10 million. |
| 1969/9 | Established Hsin Zhuang factory, beginning consistent domestic elevator design, manufacturing, installation, and maintenance. |
| 1972/3 | Exporting begins to Hong Kong and Japan. |
| 1972/12 | In order to meet dramatic demand, Taoyuan Chun Ri Road factory established, and all elevator operations transferred there. |
| 1976/4 | In 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. |
| 1993/12 | ISO9001 Quality Management 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 Occupational Health and Safety 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. |
| 2013/12 | Sichuan Yungtay merged with Chengdu Yungtay, and the paid-in share capital was RMB 152 million. |
| 2015/3 | Yungtay Elevator Equipment (China) commenced the construction of its Sichuan factory. |
| 2015/12 | Yungtay Elevator Equipment (China) completed and opened the elevator exhibition center. |
| 2016/8 | Yungtay Elevator Equipment (China) completed the construction of its Sichuan factory. |
| 2017/12 | Yungtay Elevator Equipment (China) acquired the subsidiary, Shanghai Gie Co., Ltd. |
| 2018/10 | Hitachi Group intended to publicly acquire common shares of our company. |
| 2019 | Yungtay Elevator Equipment (China) canceled the merger with its subsidiary Shanghai Gie EM Co., Ltd. in August. |
| 2019 | Tianjin Yungtay Elevator Installation and Maintenance Co., Ltd. completed its cancellation in November. |
| 2020 | Launched the Smart Prevention Elevator in May |
| 2020 | Formally became a subsidiary of Hitachi Group. |
| 2020 | The shipment of 80,000th elevator from Taiwan. |
| 2021 | The first CSR report with international certification. |
| 2022 | Became a wholly-owned subsidiary of Hitachi, Ltd. |
| 2022 | Renamed Hitachi Yungtay Elevator Co., Ltd. |