1816

Where it all began

John Swire (1793-1847) founded an import-export business in Liverpool, UK.




Swire Pacific Limited

33rd Floor,
One Pacific Place，
88 Queensway，
Admiralty,
Hong Kong
香港金钟皇后大道88号，
太古广场，一座33楼


Cathay Pacific is not Hong Kong’s airline. Hong Kong does not have an airline. Cathay Pacific is the Swire group’s airline. It’s a 45 per cent owned subsidiary of Swire Pacific, which in turn is a subsidiary of the London-based John Swire & Sons.


It’s also 30 per cent owned by Air China, which is not Hong Kong, under One Country, Two Systems.



The remaining 25 per cent is largely institutionally held. These things are not possible to determine exactly, but my guess is that only 10 per cent of the stock at most is beneficially held by Hong Kong permanent residents. Cathay Pacific itself is a foreign carrier.


Cathay Pacific, with its subsidiaries HK Express and Air Hong Kong, had 239 aircraft at the end of 2020.







https://www.reuters.com/companies/0087.HK


Before the onset of COVID-19, Cathay Pacific directly connected Hong Kong to 119 destinations in 35 countries worldwide (255 and 54 respectively with codeshare agreements), including 26 destinations in the Chinese mainland.


Cathay Pacific has an interest of 18.13% in
Air China Ltd ( 0753 : Hong Kong ).


Swire Pacific Ltd owns 45 percent of 0293.HK ( Cathay Pacific Airways Ltd )





Operating within 5 divisions

(Property, Aviation, Beverages,

Marine Services and
Trading & Industrial [automotive]),

Taikoo Motorcycle Limited
Taikoo Motorcycle is the exclusive importer in Taiwan region for Harley-Davidson motorcycles, genuine parts and accessories and branded merchandise.

Taikoo Motors Limited
Taikoo Motors retails Volkswagen passenger cars and light commercial vehicles in Taiwan region and provides a variety of value-added services to customers, including after-sales maintenance and servicing, and marketing of certified pre-owned cars.

Taikoo Commercial Vehicles Limited
Taikoo Commercial Vehicles is the importer of Volvo buses and distributor of Volvo trucks and UD trucks in Taiwan region. The company operates four major sales and service centres and is supported by a network of 13 authorised workshops. The company also operates a multi-brand heavy-duty vehicle assembly plant for Volvo trucks, buses and UD trucks in Hsinchu County.



Supreme Motors Limited
The company is the official dealer for Mercedes-Benz import passenger cars and used cars in Kaohsiung.

Swire Pacific undertakes a wide range of commercial activities.


太古公司（股份代號︰0019 / 0087）於香港聯合交易所上市，
業務涵蓋多種不同範疇，分屬

五個營業部門︰

地產、航空、飲料、

海洋服務、貿易。


太古公司持有兩家上市公司的權益，包括


太古地產有限公司（太古地產Swire Properties Limited，股份代號︰1972）和

國泰航空有限公司（國泰航空Cathay Pacific Airways Ltd ，股份代號︰0293）。



HKEX Stock Codes
0019
0087











Board Lots
500
2,500



No. of Issued Shares
905,206,000
2,981,870,000
ADR Symbol



Note:
Each 'A' share and each 'B' share carries one vote at general meetings of shareholders. Each 'A' share was issued with a nominal value of HK$0.60 and each 'B' share was issued with a nominal value of HK$0.12. Dividends are paid by reference to these nominal values.



So, when a dividend is paid, the amount of the dividend paid in respect of each 'A' share is 5 times the amount of the dividend paid in respect of each 'B' share.



When nominal values were abolished on the commencement of the Companies Ordinance (Cap 622 of the Laws of Hong Kong) in 2014, the use of past nominal values for the purpose of determining these dividend entitlements was unaffected.






Swire’s Chinese name, Taikoo (太古), can be loosely translated as “Great and Ancient”.

The character Gu (古) represents “ancient”, while the prefix Tai (太) puts it into the superlative form,

so the full name, Tai Gu Yeung Hong (太古洋行), means something like

“Most Venerable Foreign Company”.











Swire Pacific Ltd
0019.HK
A shares



Swire Pacific Ltd
0087.HK
B shares


Pacific Place has established itself as Hong Kong’s premier lifestyle hub, a mixed-used development that continues to evolve and grow as the ultimate place to shop, dine, work, stay, live, relax and play.

Conveniently located above Admiralty MTR station,

the mall at Pacific Place offers over 711,000 square feet of world-class shopping and dining.

Seamlessly integrated with this prestigious retail and leisure destination are three Grade-A office towers
(One, Two and Three Pacific Place), 4 renowned 5-star hotels

(The Upper House, Conrad, Island Shangri-La and JW Marriott)

, plus an exclusive 270-suite apartment residence.


In 2011, Pacific Place completed an inspirational redesign of the mall, working in collaboration with globally acclaimed designer Thomas Heatherwick to set a new standard for contemporary luxury.



TAIKOO MOTORS GROUP

Distributes and retails international brands of passenger cars, commercial vehicles, motorcycles and scooters, principally in
Taiwan region.


Mercedes benz
Volvo
Volkswagen
Mazda
UD trucks
Renault trucks


Dunlop Taikoo (Jinjiang) Aircraft Tyres




HOME
ENGINES & COMPONENTS
AIRCRAFT AIRFRAME & ACCESSORIES
General Manager Appointed at Dunlop Taikoo
David joins the tyre distribution and retreading facility, based in Fujian Province, China, from aircraft engineering company HAECO-Xiamen

Dunlop Aircraft Tyres
Jun 1st, 2015

David Shen PR 556c7028d8950
Dunlop Taikoo (Jinjiang) Aircraft Tyres has appointed David Shen as general manager.

David joins the tyre distribution and retreading facility, based in Fujian Province, China, from aircraft engineering company HAECO-Xiamen, where he had been senior manager of business improvement and lean development.

In total he has more than 17 years’ technical experience within the aircraft maintenance, repair and overhaul industry.

“David brings a wealth of knowledge and experience that will help us build on our success in the Asia Pacific region,” said Ian Edmondson, chairman, Dunlop Aircraft Tyres.

Dunlop Taikoo (Jinjiang) Aircraft Tyres, which opened in November 2009, is a joint venture between Dunlop Aircraft Tyres which is the majority shareholder, Hong Kong Aircraft Engineering Company Limited (HAECO) and

Taikoo (Xiamen)

Aircraft Engineering Company Limited (TAECO).

It serves the needs of aircraft operators throughout Asia Pacific and airlines from countries including

Australia, China, India, Indonesia,
Japan, Korea, Philippines
and Taiwan

are among those being supported by the company.



Chongqing New Qinyuan Bakery
Taikoo Sugar(China)


JOHN SWIRE & SONS (H.K.) LIMITED

33/F, One Pacific Place
88 Queensway
Hong Kong SAR, China
(GPO Box 1, Hong Kong SAR)

Telephone: (852) 2840 8888
Facsimile: (852) 2526 9365
Email: publicaffairs@swire.com



JOHN SWIRE & SONS (S. E. ASIA) PTE. LIMITED

300 Beach Road
#12-06
The Concourse
Singapore 199555

Telephone: (65) 6571 0351
Facsimile: (65) 6571 0359



太古地产
HKG: 1972

Operates world-class repair, overhaul and testing facilities and provides round-the-clock on-wing and off-wing engine support for

GE Aviation,
Usa

Rolls-Royce
Uk

and

Pratt & Whitney

普惠公司 (Pratt & Whitney)


普拉特和惠特尼，简称普惠，是美国

一家飞行器发动机制造商，总部位于康涅狄格州东哈特福德。 许多民用和军用飞行器都使用普惠的产品，是世界三大

航空发动机制造商之一，主要竞争对手为通用电气和劳斯莱斯，不过普惠也与它们执行许多合作案件和拥有合资公司。普惠也生产工业、发电、海上、和铁路用燃气涡轮发动机，与火箭发动机。


aircraft engines


around the world.



0293 HK Hong Kong
Cathay Pacific Airways Ltd
7.45HKD


Hong Kong Aircraft Engineering Company Limited
香港飛機工程有限公司
0044 delisted


https://www.msn.com/en-us/money/etfdetails/...9l7w?symbol=SST



STEAMSHIPS TRADING COMPANY LIMITED


Australia listed company!!!!



To Western eyes, the 太古characters bear a close resemblance to 大吉, the “Big Luck” characters widely seen around Chinese New Year and it has even been speculated this was the original choice for Swire’s Chinese name.


Not so: the name Taikoo was chosen by Thomas Taylor Meadows – a British Consul in Shanghai when Swire opened an office there 150 years ago, in 1866.


However, Meadows clearly did intend the name to be a clever visual “pun”. It was a stroke of genius, because he gave a doubly auspicious name to the company that carries it: Taikoo, the “Great and Ancient”, also suggests good luck.

Celebrating two centuries this year, Swire might be said to have grown into the label “venerable”. Those years represent decades of experience in many of the businesses in the group’s current portfolio – businesses that pride themselves on being amongst the most ground-breaking and innovative in their own fields.


The China Navigation Company is over 140 years old;


Cathay Pacific Airways celebrates its 70th birthday this year;


the group has been involved in cold storage for 60 years, a Coca-Cola bottler for over 50 years, a leading property developer for more than 40 years....and so on....









1816
Where it all began
John Swire (1793-1847) founded an import-export business in Liverpool, UK.
Corporate




1946
Rebuilding post-war
Jack Swire's son, John Kidston Swire (1893-1983), known as “Jock”, became Chairman of Swire. Under his leadership, Swire rebuilt its key operational businesses. By 1950, Taikoo Sugar and Taikoo Dockyard were back in full production. With Hong Kong as its home port, China Navigation began to establish new services to Australia, New Zealand and Papua New Guinea. Its growing network of Pacific Rim services established the pattern for the liner trades in which the company participates to this day.


1948
Taking to the skies
Swire acquired a 45% shareholding in a local airline, Cathay Pacific Airways. By this time, the airline had grown from its original single US Army surplus DC3 (“Dakota”), “Betsy”, to a fleet of six DC3s and a Catalina flying boat. The growth of Hong Kong's airline was to become Jock Swire's special pride.


1965
Ventures in bottling
Swire purchased Hong Kong Bottlers Federal Inc., an American-owned business that held the franchise to bottle Coca-Cola in Hong Kong. At that time, Hong Kong Bottlers’ output was 104 million bottles annually. Today, Swire is one of the largest Coca-Cola bottlers in the world, serving a franchise population of 736 million in the Chinese mainland, the HKSAR, Taiwan region and the USA.


1972
Rationalisation
Taikoo Dockyard’s facilities on Hong Kong Island had been outgrown by the advent of large modern container ships. Swire took the decision to amalgamate with rival Hongkong & Whampoa Dock Company, forming Hongkong United Dockyards (“HUD Group”), which established premises at Hong Kong’s new container port in Kwai Chung. In the same year, Taikoo Sugar closed its refinery to concentrate on sugar products and packaging; it remains Hong Kong’s favourite sugar brand.



1999
Exclusive automotive dealerships
Swire expanded its automotive trading interests with exclusive dealerships in Taiwan region for Volkswagen and Kia, some 20 years after acquiring the Volvo franchise in Taiwan region.


2011
Importing cars to Hong Kong
Swire launched International Automobiles, the exclusive importer in Hong Kong and Macau for Abarth, Fiat, Alfa Romeo and Jeep passenger cars, as well as Volvo, UD and Renault Trucks.

2012
Swire Properties lists on Hong Kong Stock Exchange
Swire Properties celebrated its 40th anniversary and was listed on the Hong Kong Stock Exchange.


太古地產（1972）


1972.HK
- Swire Properties Limited



2014
A new food business
Swire purchased a controlling interest in Chongqing New Qinyuan Bakery Company, a leading bakery chain in southwest China with over 550 stores in Chongqing, Guiyang and Chengdu now. Qinyuan became a wholly owned subsidiary in 2016.



2017
Quenching more thirsts in China
Swire Beverages (rebranded as Swire Coca-Cola in 2019) completed the acquisition of new franchise territories in the Chinese mainland following a refranchising initiative by The Coca-Cola Company’s Bottling Investments. Swire Coca-Cola now owns 18 bottling plants in 11 provinces and the Shanghai municipality, selling the Coca-Cola family of beverages to half the country’s population – over 650 million people.
Beverage



This post has been edited by plouffle0789: Jan 9 2022, 01:37 AM

Swire Coca-Cola, USA
Swire Coca-Cola, USA has six production facilities and serves portions of 13 western states
Swire Coca-Cola, USA has six production facilities, serving portions of 13 western states. Its franchise territory extends through parts of Washington in the north to Arizona in the south, and from California in the west to Kansas in the east. The company serves more than 28 million consumers.

Swire Coca-Cola, USA produces, distributes and sells many of the world's best known beverages. Its portfolio of brands includes


Coca-Cola, Coke Zero, Diet Coke, Sprite, Dr Pepper and Fanta; Dasani, Glacéau Smartwater and Glacéau Vitaminwater; Monster energy drinks; POWERADE sport drinks, and a variety of coffee, tea, milk and juice brands, including Dunkin Coffee, Honest Tea, Gold Peak Tea, Fuze, Core Power, Minute Maid and Simply.

In August and October 2017, Swire Coca-Cola completed the acquisition of production assets in Arizona and Colorado respectively.





Swire Coca-Cola (Taiwan region) is wholly owned by Swire Coca-Cola and is one of Taiwan region's leading soft drink manufacturers

Swire Coca-Cola (Taiwan region), one of Taiwan region's leading soft drink manufacturers, is wholly owned by Swire Coca-Cola.

The company’s bottling plant in

Taoyuan has a total of 6 production lines.


It has over 800 staff and serves more than 23 million consumers.


Key products include Coca-Cola, Coca-Cola Zero, Coke Light, Sprite, Fanta, Minute Maid, Real Leaf, Fuze tea, Sokenbicha, Schweppes and Aquarius.




https://www.thehousecollective.com/en/the-opposite-house/

https://www.thehousecollective.com/en/the-middle-house/

https://www.thehousecollective.com/en/the-middle-house/

https://www.thehousecollective.com/en/the-temple-house/











366 Shi Men Yi Road,
Jing’an District,
Shanghai, China 200041


https://www.facebook.com/swirehotels




This post has been edited by plouffle0789: Mar 2 2021, 09:27 PM

airline revive!!!!


Sia,china airline,eastern,southern all naik

Cathay Pacific recapitalisation


On 9th June, Cathay Pacific Airways announced a


HK$39 billion recapitalisation plan

That will help the airline maintain its competitiveness and


operations, while continuing its commitment to Hong Kong as an international aviation, financial and commercial hub. The recapitalisation plan comprised three tranches: •


Tranche A: issue of preference shares with detachable warrants for HK$19.5 billion to the Hong Kong SAR Government. •


Tranche B: HK$11.7 billion rights issue of shares to existing shareholders of Cathay Pacific. •


Tranche C: a HK$7.8 billion bridge loan facility provided by the Hong Kong SAR Government, available for drawdown immediately.



Cathay Pacific Chairman Patrick Healy said: “We are grateful to the HKSAR Government’s capital support, which allows Cathay Pacific to maintain our operations and continue to contribute to Hong Kong’s international aviation hub status.



We are also grateful to our shareholders for their confidence in the long-term future of Cathay Pacific and in the ability of Cathay Pacific’s management team to lead our airlines through what is the most challenging period in the Group’s history.”

This post has been edited by plouffle0789: Mar 2 2021, 11:08 PM

Additional cargo capacity In July, HAECO Xiamen announced it had obtained approvals for a new design engineering solution that will enable Cathay Pacific to utilise sections of its Boeing 777 passenger cabins to carry cargo.



The modification involves the removal of economy and premium economy seats to install cargo bags, which are secured with cargo nets, straps and other associated safety equipment. The design is in line with Boeing’s Multi Operator Message guidelines, with the modification kit directly sourced and fabricated on site by HAECO Xiamen.


The alteration is covered by a Supplemental Type Certificate and has been approved by the Hong Kong Civil Aviation Department (“HKCAD”); it also uses HAECO Xiamen’s HKCAD Part 21J Design Organisation Approval. In addition, HAECO Xiamen has obtained a ‘minor change approval’ from HKCAD, which will allow cargo to be carried on the existing seat structures of Cathay Pacific’s Airbus A330 aircraft.



Both solutions will allow the airline to utilise a greater number of its aircraft for cargo flights, enabling Cathay Pacific to carry more essential goods internationally during the COVID-19 pandemic.

Investment for capacity expansion In March, Swire Coca-Cola Zhengzhou signed an agreement with the Management Committee of the Zhengzhou High-tech Industrial Development Zone to build a new, world-class production facility, which will be Swire Coca-Cola’s third investment in Henan Province and its largest to date on the Chinese mainland.




The new project covers an area of approximately 186 acres, with total investment expected to be over RMB 600 million.



Innovative, green technology will be incorporated throughout and Swire Coca-Cola is collaborating with Tsinghua University to ensure the new facility is as energy efficient as possible; it is also intended to attain LEED Gold certification for the plant. The new facility will be in operation within two years.



The expansion will also enable Swire Coca-Cola Zhengzhou to expand its product portfolio in order to provide Henan consumers with a greater range of product choices. Swire Coca-Cola has also recently expanded capacity at its facilities at Hangzhou, Hefei, Huizhou and Zhanjiang – with a total of six new production lines going into operation at an investment of RMB 250 million.



Swire Coca-Cola Beverages Hubei in Wuhan is meanwhile installing a new plastic bottle production line, which is scheduled to go into operation in May next year.

Cathay Pacific has successfully delivered the first batch of Fosun Pharma/BioNTech vaccines to Hong Kong, drawing on its long-established expertise in pharmaceutical shipments under cold chain protocols to meet the handling demands of the Fosun Pharma/BioNTech product.

The first delivery of the first batch of one million Fosun Pharma/BioNTech vaccines to be supplied to


Hong Kong arrived from Frankfurt today


And were unloaded as priority from a freighter flight to the Cathay Pacific Cargo Terminal.

Cathay Pacific Director Cargo Tom Owen said: "Different vaccines have differing requirements. The Fosun Pharma/BioNTech vaccine must be transported in a deep frozen state, which requires more complex transportation and storage solutions.


Our Vaccine Solution has proven itself to be ideally suited to the fast and effective distribution of this and other vaccines across the globe, using our freighter and passenger fleet, and our extensive global network."


The Cathay Pacific shipments to date include the milestone import of the first vaccines for use in the airline's home city of Hong Kong on 19 February.



The one million doses of Sinovac vaccine were loaded inside six temperature-controlled Envirotainer RAP e2 containers, to maintain the vaccine temperature range of 2°C to 8°C, and carried in the belly hold of an Airbus A330 operating the scheduled passenger flight, CX391.


Owen added: "This was also the first shipment to use our new Ultra Track service, a key part of our Vaccine Solution."

On the same flight, there were 200,000 doses of the Sinovac vaccine destined for Mexico. The single

Envirotainer RAP e2 container was towed to the Cathay Pacific Cargo Terminal in a thermal dolly and transferred to a cool room set at 15°-25°C, where it was recharged ahead of its midnight flight to Mexico City via


Anchorage on a Boeing 747-8F freighter on flight CX086.

Another shipment of 800,000 doses to Mexico will follow this week. Cathay Pacific had previously carried a CanSinoBIO vaccine shipment via


Beijing and Hong Kong to Mexico earlier in February using the same equipment and schedule.


The airline has already also transported a Fosun Pharma/BioNTech shipment to Penang on one of its freighters.

So far, the Cathay Pacific Cargo Vaccine Solution has proven to offer the high levels of quality assurance demanded by these vital shipments.


The introduction of the Vaccine Solution has included further training for warehouse and ramp staff for each specific vaccine, both in Hong Kong and the airports it serves.

This level of dedication and expertise has been recognised not only by our customers, but also


UNICEF, which named Cathay Pacific Cargo as


one of the select airlines for its Humanitarian Airfreight Initiative to support COVAX,


the global effort aimed at equitable access to COVID-19 vaccines.

To increase links with the European vaccine production hub, Cathay Pacific Cargo is adding a further two Boeing 777 cargo-only flights to operate on the Pharma Corridor between the CEIV-certified airport communities of Brussels and Hong Kong each week.

To read more about Cathay Pacific Cargo's vaccine-handling capabilities, please click here.

Half year result

This post has been edited by plouffle0789: Aug 8 2024, 09:15 PM

COFCO Acquired Part of Coca-Cola’s Bottling Operations in China



Release Time : 2016-11-19

On November 19th, COFCO Coca-Cola Beverages Limited (“CBL”), a subsidiary of COFCO Corporation, together with the other two main Coca-Cola bottlers in China and the Coca-Cola Company, reached a definitive agreement to refranchise all existing Coca-Cola bottling operations in China.


Upon the completion of the agreement, COFCO and Swire will carve up Coca-Cola’s bottling operations in China, among which, the number of bottling plants run by COFCO will increase from 12 to 18.

Zhao Shuanglian, Chairman of COFCO Corporation, Muhtar Kent, Chairman and CEO of Coca-Cola Company and John Slosar, Chairman of Swire Pacific Limited attended the signing ceremony.



Zhao Shuanglian said, Coca-Cola’s strategic decisions of refranchising, refocusing on brands and markets coincided with COFCO’s long-term vision of improving quality and efficiency, and building a market-oriented, specialized modern enterprise.


And the scale effect, regional synergy and cost optimization that the new initiative brings will certainly boost Coca-Cola and its partners to achieve a new leap forward in China.



Muhtar Kent appreciated COFCO’s continuous trust and support to Coca-Cola. He said, cooperation with COFCO on bottling operation contributes significantly on driving Coca-Cola’s performance both in China and on a global scale.



This transaction marked a new page in the company’s business transforming process. Coca-Cola would refocus on core advantages of building brands and leading strong global franchise system.






Cooperation between COFCO and Coca-Cola dates back to 1979, when COFCO facilitated Coca-Cola’s returning to Chinese market in the very beginning of China’s reforming and opening up.



CBL was established as a joint venture as mutual cooperation kept deepening. Ever since its foundation, CBL has remained NO. 1 in annual sales volume growth in Coca-Cola China Region, and has been among




top 10 global Coca-Cola bottling groups since 2010.



Susan Gambardella, Vice President of Coca-Cola Company,

John Murphy, President of Coca-Cola Asia Pacific, Curt Ferguson, President of Coca-Cola Greater China and Korea,



Patrick Healy, Managing Director of Swire Beverages，Adrian Harley,


Director & Chief Representative of John Swire & Sons (China), Martin Cubbon,



Corporate Development & Finance Director of Swire Pacific, Ma Jianping, Vice President of COFCO, Qing Lijun, Director of Strategy and Investment Department of COFCO,


Luan Xiuju, Chief Executive Officer of CBL, attended the ceremony.

THU NOV 17, 2016


Swire Pacific to buy Coca-Cola bottling assets in China for $852 million


The logo of U.S. beverage group Coca-Cola is seen at the entrance of a visitors center of Coca-Cola Schweiz GmbH in Bruettisellen, Switzerland October 11, 2016.


(Reuters) - Hong Kong conglomerate

Swire Pacific Ltd (0019.HK)


said on Friday it will acquire

Coca-Cola bottling assets in China for 5.87 billion yuan ($852 million), betting on growing consumption in the mainland of non-alcoholic ready-to-drink beverages.

Swire said it will buy China manufacturing and distribution assets of non-alcoholic ready-to-drink beverages from

China Foods Ltd (0506.HK),


a subsidiary of state-owned food firm COFCO Corp, for 4.65 billion yuan.

The conglomerate will also buy the

12.5 percent stake


it does not own in non-alcoholic ready-to-drink venture Swire Beverages Ltd from Coca-Cola Co (KO.N) for 1.22 billion yuan, it said in a statement

This post has been edited by plouffle0789: Mar 3 2021, 06:56 AM

On 1st July last year, Swire Beverages completed the acquisition of its new franchise territory in Shanghai, representing the final transaction in the realignment of Coca-Cola's bottling operations in Mainland China. In this edition of Swire News, Pat Healy, Swire Beverages' Managing Director, and Karen So, Executive Director – China Operations, discuss


how the realignment positions the company for further growth.
The realignment was the culmination of a refranchising initiative, announced in November 2016, under which all of the bottling territory in China owned by The Coca-Cola Company's Bottling Investments Group



has been acquired by Coca-Cola's two franchise partners,

COFCO Coca-Cola Beverages Limited (a subsidiary of the state-owned COFCO Corporation) and


Swire Beverages Holdings Limited.


The deal has expanded Swire Beverages' scale of business on the Mainland by 50 percent.


The company now owns 18 plants in 11 provinces and the Shanghai municipality, selling the Coca-Cola family of beverages to half the country's population – over 650 million people.

Contiguity and growth
Reflecting on the franchise system prior to the realignment, Pat Healy says: "The structure of the China franchise has been built up over time, so we had different franchises held by COFCO, Swire and the Bottling Investments Group. This led to inefficiencies and waste within the system.


At the same time, The Coca-Cola Company was engaging in a massive global refranchising exercise to refocus its business on consumer research, branding and portfolio development. These two factors created the opportunity to streamline the franchise so that bottlers could optimise their operations."

The realignment has created a more efficient franchise system in China, with Swire Beverages and COFCO each controlling a contiguous territory.



The realignment has created a more efficient franchise system in China, with Swire Beverages and COFCO each controlling a contiguous territory.

Today, the bottling franchises in Mainland China are held either by Swire Beverages or COFCO, with each group controlling a contiguous territory.


The Swire Beverages franchise covers a unified region in

southern, eastern and some central parts of China.



This has created many opportunities. For instance, revenue management is much easier across a single, interconnected area, rather than a patchwork of franchises in different territories.


Explains Healy: "We now have the scale and continuity, for example, to make decisions over product launching and pricing on our own and at greater speed. The new system enables us to take full control over pricing and revenue management for the entire territory, which drives improvements in revenue growth and profitability."

The refranchising also helps to drive efficiencies in supply chain management. From a logistical viewpoint, having one large territory, instead of the suboptimal territories of the past, creates more opportunities to service sales centres from the closest possible production and distribution points, helping to reduce delivery costs.


Over time, there is significant opportunity to optimise capital allocation too. "Decisions about where to invest in production plants can be taken from the perspective of the whole territory, rather than on a province-by-province basis," Pat Healy says.


Seizing abundant opportunities
In Mainland China, the beverage market is extremely large. Each year, 27 billion unit cases* of beverages are produced, of which 20 billion are non-alcoholic, ready-to-drink ("NARTD") products.


Yet despite its size, per capita consumption of Coca-Cola beverages in Mainland China is only slightly more than 40 eight-ounce servings per year, which is relatively low compared with other more mature markets, such as Hong Kong, where per capita consumption is over 200 servings. This provides ample opportunity for growth.


*A unit case comprises 24 eight-ounce servings.

Mainland China's beverage market is also fragmented, with packaged water accounting for 40 percent of total market share, while the remainder is split between sparkling soft drinks, juices and tea, and emerging categories such as coffee, energy drinks and hydration drinks.


Currently, Swire Beverages has 65 percent of the market share for sparkling beverages and is number one in the country for juices. For Karen So, the focus is on increasing Swire's share:



"We want to make sure our system can roll out more categories, to gain a significant share of the total NARTD market," she says.




Swire Beverages' Managing Director, Pat Healy and Executive Director – China Operations, Karen So.

One trend that will help Swire Beverages seize many more opportunities is that consumer tastes are changing. As Healy confirms, "The beverages market in China is becoming more premium, so there are opportunities to introduce new brands in new categories and in premium packages. Our capacity to maximise revenue growth is becoming greater."



A case in point is packaged water. While packaged water accounts for a significant share of the market, much of it has a retail value as low as RMB1 per bottle. However, as Karen So identifies, a shift in preference is underway: "The water market is becoming more premium, with water being launched that costs consumers between RMB2 and RMB5 per bottle. This segment will continue to grow at a double-digit level for the next few years, so there are opportunities for us to upgrade our offerings in this market," she says.

As consumers in Mainland China increasingly look for premium products, opportunities exist to develop different types of packaging in order to drive greater profitability. "Even in categories where we're strong, the packaging offered to consumers is still quite limited, compared with markets in Latin America and North America. Therefore, we have to put a lot of effort into expanding our packaging portfolio, so our consumers will always be presented with the right product and the right packaging to suit the occasion," explains So.

New brands in new categories are being introduced to the China market to drive greater profitability from the growing consumer segment that values premium products.
New brands in new categories are being introduced to the China market to drive greater profitability from the growing consumer segment that values premium products.

Bolstering market penetration will also help to drive sales, although this is currently a challenge due the vast array of different types of retailers in what is a huge country. So adds, "At present, our distribution network only covers about half of the total number of stores; there is plenty of room to optimise our route to market and further strengthen our distributer and wholesaler system, and to better organise our sales force in order to cover more outlets where our products are sold."

Harnessing innovation and technology
In former times, bottlers ran on simple business models, with a small number of brands and categories. Today, however, the competitiveness and complexities of the industry and an ever-expanding portfolio mean that it is essential to apply increasingly sophisticated technology to bottling operations. In particular, sales teams are now equipped with smartphones that contain all the data they need to service their customers throughout China.


Wow !********************************

For Healy, this is transformational: "The power of technology is exciting. Coolers and fridges now communicate with our sales representatives.

When they walk into an outlet, the fridge connects with their hand-held device and uploads information such as how often the door has been opened and at what time, what traffic has been like and which products have been sold."

Wow !********************************




This data can be broken down according to region and used to create valuable insights about Swire’s customer base.

From a consumer perspective, technology is also radically changing the business. "In China, more and more vending machines are cashless, with consumers opting to use Alipay and WeChat Pay.


These vending machines also communicate directly with our bottling plants and tell us exactly which products need to be restocked. In many ways, China leads the market in the application of technology because of the huge innovations that we can leverage, plus a very young and tech-savvy customer base," says Healy.



Striving for a brighter future
As with any merger, the realignment has faced a number of initial challenges. This is hardly surprising considering the vast expanse of China's geography, as well as the very real issue of integrating systems, processes and even company culture across a newly acquired workforce from other bottling franchises.

So describes the process followed during the transition: "We study what is going on in the new bottling plants we have acquired. We do not say, ‘This is Swire and you need to do things our way.' During the first three months of any transition, we deploy a lot of resources – both people and time – so we can understand, learn and record how our newly acquired plants do business and why they are at their current stages."

Full integration is still a work in progress, as each plant provides its own unique challenges, and not all of the new acquisitions will be fully incorporated into the Swire system until late this year. In addition to ensuring new employees embrace Swire's culture, it will also take time to align operating systems to achieve uniformity across the entire territory. Nevertheless, progress is being made in these areas, laying the foundations for future success.

For Swire Beverages in China, the future looks undeniably bright. "The relationship between Swire Beverages and Coca-Cola is one of a long-term, strategic partnership. The fact that Coca-Cola has allowed us to increase the scale of our business by a factor of about 3.5 in the United States and by 50 percent in Mainland China is a very strong statement of trust," says Healy.


As the newly aligned China System settles into its first full year of operation, Swire and The Coca-Cola Company are committed to deepening and strengthening this historic partnership and making the most of the exciting prospects on the horizon.

This post has been edited by plouffle0789: Mar 3 2021, 07:30 AM

Property

Airline

No????

Cathay Pacific to Get Bailout Led by Hong Kong Government
Carrier has been bleeding cash and reeling from the coronavirus pandemic


Hong Kong Financial Secretary Paul Chan said Tuesday that the government doesn’t intend to become a long-term shareholder in Cathay Pacific.


Hong Kong Financial Secretary Paul Chan said Tuesday that the government doesn’t intend to become a long-term shareholder in Cathay Pacific.



Updated June 9, 2020


Hong Kong’s government is leading a bailout of the city’s flagship carrier Cathay Pacific Airways Ltd., providing it with the bulk of a $5 billion funding package that could also


give the government


a minority stake


in the 73-year-old company.

Cathay said Tuesday that it would receive


$2.5 billion from a government-owned entity called



Aviation 2020 Ltd.,


which will buy preference shares in the company.


The carrier will also be able to draw from a $1 billion bridge-loan facility from the same entity at a low interest rate.

Cathay will separately raise $1.5 billion by selling new shares, and its biggest shareholders,


Swire Pacific Ltd. , Air China Ltd. and Qatar Airways Co.,


have committed to subscribe to the rights issue.



Swire Pacific’s holding in Cathay will decrease from 45% to 42.3%,


Air China from 29.9% to 28.2%, and


Qatar Airways from 9.9% to 9.4%.


Swire and Air China combined will still own over 70%.


Augustus Tang, Cathay’s chief executive, said the company turned to the government for assistance after the coronavirus pandemic hammered its business and caused its passenger numbers to drop by more than 99% from a year ago.

Chairman Patrick Healy said the carrier was facing the prospect of collapse and that the deal is critical to Cathay’s survival.

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Cathay’s Hong Kong-listed shares have fallen 23% in the year to date, giving the company a market capitalization of $4.5 billion. They were suspended Tuesday and will resume trading Wednesday.

The government could end up owning


6.08% of Cathay’s common shares



following the recapitalization, if Aviation 2020 also


exercises warrants for about $250 million in additional shares.


Swire, the Hong Kong conglomerate, would continue to be the airline’s controlling shareholder, though its stake would be reduced slightly to 42.26% from 45%.

Air China’s stake would drop to 28.17% from just under 30%, and Qatar’s shareholding would also fall slightly.


The plan is subject to shareholder approval.

The government intends to appoint two people to attend Cathay’s board meetings as observers. They wouldn’t have voting rights, but their presence at board meetings could give the government some say in how the company is run.

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That arrangement could reduce the airline’s autonomy at a time of political instability for Hong Kong and many businesses, which have been under pressure to denounce pro-democracy protests and more recently, to support Beijing’s plans to impose national-security laws on the city.

Cathay, like many airlines around the world, has been bleeding cash and reeling from the effects of the coronavirus pandemic, which grounded most of its international and regional flights.

Related Video

As the coronavirus pandemic rocks the aviation industry, two industry giants are fighting to protect their legacies. WSJ’s Jaden Urbi explains what Boeing and Airbus are doing to survive this unprecedented crisis – and how it could reshape the future of aviation.



photo Composite: George Downs
THE WALL STREET JOURNAL INTERACTIVE EDITION
The company last month said its full-service airlines Cathay Pacific and Cathay Dragon together lost $581 million from January to April this year, and described the financial outlook as “very bleak” for the coming few months.

In April, Cathay carried just 13,729 passengers—or fewer than 500 a day—versus about 3.1 million passengers in the same month a year ago.


With border closures and mandatory quarantines in many countries, Cathay’s two airlines plied just 14 destinations, and most of its passengers were Hong Kong residents returning to the city from North America and the U.K.


“Cathay Pacific has explored available options and believes that a recapitalization is required to ensure it has sufficient liquidity to weather this current crisis,” the company said Tuesday. It added it had also considered the costs and benefits of different fundraising alternatives.


Despite earlier cost-cutting measures that included cutting executives’ pay, asking workers to take voluntary leave and deferring aircraft purchases, Cathay said it has been losing cash at a rate of $323 million to $387 million a month since February.

The company said it intends to implement a further round of executive pay cuts and furlough more employees, as well as re-evaluate all aspects of its business model in the longer term. Cathay’s workforce totaled more than 27,000 at the end of 2019.

Governments around the world have spent heavily to keep airlines afloat. In May, the International Air Transport Association said governments had committed


$123 billion in financial aid to airlines—including wage subsidies, equity financing, and tax relief


—of which $67 billion would need to be repaid.

In the U.S., airlines have received $25 billion in federal stimulus money, while in


Europe, Germany has agreed a near-$10 billion

bailout package for

Deutsche Lufthansa AG .



Before the pandemic-induced crisis, Cathay Pacific was already pressured by months of social unrest in Hong Kong, which led to a drop in tourists and business travelers to the city.

The company was also embroiled in controversy after some of its employees took part in antigovernment protests, which drew ire from Beijing and ultimately led to the resignation of senior executives including chief executive Rupert Hogg.

Aircraft operated by Cathay Pacific on the tarmac at Hong Kong’s airport on Tuesday.


The Hong Kong government will receive dividends and interest payments from Cathay while it is invested in the company.

Cathay will have to pay a 3% dividend, or $75 million a year initially, on the government’s preference shares.


The dividend increases after 3 years and tops out at 9% after 5 years. The $1 billion loan, if drawn upon, would be secured by some of Cathay’s aircraft and incur annual interest of 1.5 percentage points over a Hong Kong interbank offered rate.


Morgan Stanley was listed as Cathay’s sole financial adviser.

Hong Kong Financial Secretary Paul Chan said Tuesday that the government doesn’t intend to become a long-term shareholder of the company. “It is not our intention to interfere with the operations and management of Cathay,” he added.

Mr. Chan said Cathay is facing a challenge that, if not properly addressed, could harm Hong Kong’s status as international aviation hub and affect other economic activities.

“Without the support of governments, it is indeed very difficult during this time for any airline to go to the private market to seek funding,” he said.

This post has been edited by plouffle0789: Mar 14 2021, 06:53 PM

There is also some scepticism around the conglomerates’ messages of multiculturalism. In 2019, Swire Pacific — whose trainee programme was known for “Swire princes” from Oxbridge backgrounds —


had nearly twice as many male staff as female, while its board was 82 per cent male and 64 per cent British. Jardines does not provide a gender breakdown of its staff but its two main boards are exclusively male and majority British.


When operating in China, a British board and foreign roots can start to look more like a handicap. “They will always treat you as a foreigner,” one former executive says. 

Both companies must now do business with a Chinese government that is more assertive than in generations and scarred from a trade war with the US and deeper geopolitical rifts.



Swire and Jardines executives no longer sit on Hong Kong’s legislature, nor are they consulted on all major changes in the city.




“If there is a shift coming, it’s into the hands of the mainland business elite,” says Cautherley.

In November, there was a sign of these old empires’ place in the new China.



The compilers of Hong Kong’s Hang Seng stock index dropped Swire Pacific from the benchmark’s list of constituents.


In place of one of the most storied names in Asian corporate history, they added Meituan, a Chinese food delivery app founded a decade earlier.

Having survived war, occupation, China’s communist revolution, its reopening, the Asian financial crisis, Sars and other threats, the conglomerates must accelerate their pace of change.



According to one local investor familiar with both companies: “Once again, it’s the old choice: evolve or perish.”

Budweiser, Anta Sports and Meituan

join Hang Seng Index,

displacing Swire Pacific from Hong Kong’s stock benchmark



Meituan will get a 5 per cent weighting


, in a long-awaited move that will raise the status of technology companies in Asia’s third-largest stock market



The number of index constituents expands to 52 from 50 in the latest quarterly ‘rebalancing’ of the stocks gauge


Chinese online food delivery giant Meituan


will become a major constituent of the Hang Seng Index from December 7, in a long-awaited move that will further raise the status of technology companies in


Asia’s third-largest stock market.



Sportswear maker


Anta Sports and

Budweiser Brewing Company APAC


will also become component stocks of Hong Kong’s benchmark shares gauge, index compiler Hang Seng Indexes said in a statement on Friday.



The latest quarterly “rebalancing” takes the number of constituents to 52 from 50 as

Swire Pacific


, the British-controlled conglomerate, will be removed.

Alibaba Health


surged 7.5 per cent, while


Haidilao

added 6.4 per cent in immediate response after the review was announced on Friday.



Longfor


added 2.4 per cent at local noon break.


Tencent Holdings and AIA Group


are the two biggest constituents, each with 10 per cent presence.

公司名称：太古股份有限公司A
总股本：90521(万)
上市时间：1959-04-14

集团主席：白德利
港股股本：90521(万)

周息率(%)：6.06
行业分类：综合企业
主要股东：John Swire & Sons (H.K.) Limited
公司网址：http://www.swirepacific.com









公司名称：太古股份有限公司B
总股本：29.82(亿)
上市时间：1973-05-01

集团主席：施铭伦
港股股本：29.82(亿)

周息率(%)：6.06
行业分类：综合企业
主要股东：John Swire & Sons (H.K.) Limited
公司网址：http://www.swirepacific.com

Swire Pacific Ltd. A
Hong Kong

0019

HK$ 54.50












Swire Pacific Ltd. B
0087

HK$ 8.49

The company was founded in 1816 and is headquartered in Hong Kong.





Toby Smith leads the hospitality arm’s growth strategy.

He joined as Managing Director in 2017, overseeing Swire Hotels and its two brands, EAST and The House Collective.

Prior to joining Swire Hotels, Toby was General Manager, Sales and Distribution at Cathay Pacific.

Toby joined the Swire group in 1991 and possesses extensive experience in the shipping and aviation sectors.



Swire Hotels’ EAST Hong Kong is located amid the thriving business and residential hubs of Taikoo Place and Cityplaza. Each of the 345 guest rooms is brightly lit, providing ample personal space, extensive amenities and entertainment. The hotel features Feast (Food by EAST), a big bustling café that offers authentic Asian specialties and international favourites, as well as Sugar (Bar.Deck.Lounge), a rooftop bar with stunning panoramic views. The hotel also has a 24-hour gym and an outdoor heated swimming pool.



John Swire & Sons Limited is the privately held parent company of the Swire Group. The Swire Group, founded by John Swire (1787-1847) in 1816, began as a modest Liverpool import-export company based mainly on the textile trade.


John Swire's sons, John Samuel (1825-1898) and William Hudson (1830-1884), took the firm abroad, and it was John Samuel Swire, in particular, whose entrepreneurial instincts would underpin the firm's success in the years to come.

In 1861, John Swire & Sons Limited began trading with China through agents Augustine Heard & Co.



In 1866, in partnership with R.S. Butterfield, the company Butterfield & Swire was founded in Shanghai.


Four years later, the Hong Kong branch of Butterfield & Swire was also opened.


Four years after the establishment of the People's Republic of China, Butterfield & Swire closed all its offices in China.

In 1974, Butterfield & Swire in Hong Kong was renamed John Swire & Sons (H.K.) Ltd.


At the moment, John Swire & Sons Limited controls the following companies:


Cathay Pacific Airways Ltd. (CPA),
Swire Properties,

Swire Pacific Offshore Holdings Limited (SPO),
John Swire and Sons (Green Investments) Ltd,
The China Navigation Company,
Swire Energy Services.


This post has been edited by plouffle0789: Aug 8 2024, 09:18 PM

This post has been edited by plouffle0789: Aug 8 2024, 09:43 PM