World Library  
Flag as Inappropriate
Email this Article
 

Swire Group

Swire Group
太古集團
Private
Industry Conglomerate
Founded 1816
Headquarters London, England, UK
Key people
Barnaby Swire, Chairman Merlin Swire, Chief Executive John Slosar (Chairman, Swire Pacific)
Products Aerospace, property, shipping, transport & agriculture. Oil, Energy and investments.
7.65 billion USD (approx 2014)
Number of employees
129,793
Subsidiaries Swire Pacific, Swire Properties Cathay Pacific, Dragonair, Haeco, Steamships Trading Company swire coca-cola
Website www.swire.com

The Swire Group is a diversified conglomerate headquartered in Swire House in the City of Westminster, London. It controls a large range of wholly owned businesses, including deep-sea shipping, cold storage, road transport, and agricultural activities, along with energy and oil businesses and investments. Swire control a large property empire in Asia - mainly Hong Kong. The current chairman is Barnaby Swire. Taikoo (太古) is the Chinese name of Swire. It serves as the brand name for businesses such as Taikoo Cube Sugar and Taikoo Shing. Swire Groups' Current Market Cap is approximately 52.2 billion USD.

Contents

  • History 1
  • The group's businesses 2
    • Swire Properties 2.1
    • Swire Pacific Offshore Holdings Limited (SPO) 2.2
    • John Swire & Sons (Green Investments) Ltd 2.3
    • Swire Oilfield Services 2.4
    • Coca Cola Bottling License 2.5
    • List of Chairmen 2.6
  • See also 3
  • References 4
  • External links 5

History

The Swire Group's privately owned parent company is John Swire & Sons Limited.[1] The Swire Group, started by John Swire (1793–1847), had its beginnings as a modest Liverpool import-export company started in the early years of the 19th century. In 1861, John Swire & Sons Limited began to trade with China through agents Augustine Heard & Co. In 1866, in partnership with R.S. Butterfield, Butterfield & Swire was established in Shanghai. Four years later, a 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 of its China offices. In 1974, Butterfield & Swire in Hong Kong was renamed John Swire & Sons (H.K.) Ltd.. Their chief product was opium, a narcotic strictly banned by the Chinese government. Opium was sold to China in order to reduce a massive imbalance of payments with England.

The group's businesses

The Swire Group's core businesses in Hong Kong are held by the publicly quoted Swire Pacific Limited. The Group's core businesses are grouped into: property, aviation, beverages, marine services, and trading and industrial. Swire Pacific Limited is listed on the Hong Kong Stock Exchange as Swire Pacific Limited SEHK: 0019 (A-shares) SEHK: 0087 (B-shares). Swire Pacific is the largest shareholder of Cathay Pacific, Hong Kong's largest airline.

Swire Properties

Incorporated in 1972, develops and manages commercial, retail and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections.[2] The Company's investment portfolio in Hong Kong totals approximately 17.8 million sq ft (approximately 1.66 million sqm)* of gross floor area, with Pacific Place,[3] Island East[4] as its core holdings. In addition to Hong Kong, the Company has a presence in Mainland China, the United States and the United Kingdom. In Mainland China, Swire Properties has a portfolio amounting to approximately 12.9 million sq ft (approximately 1.20 million sqm)*, the majority of which is under construction. The five projects consist of mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu,[5] with Sanlitun Village[6] and The Opposite House hotel[7] in Beijing being the best-known among them. In 2008, the Company formed Swire Hotels[8] to create and manage urban hotels in Hong Kong, Mainland China and the United Kingdom. * Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.

Swire Pacific Offshore Holdings Limited (SPO)

SPO is the wholly owned subsidiary of Swire Pacific and charters vessels that support the offshore oil and gas industry worldwide. Swire Pacific Offshore owns a fleet of 69 offshore vessels.[9] The China Navigation Co. is the deep-sea shipping arm of John Swire & Sons Ltd.

John Swire & Sons (Green Investments) Ltd

John Swire & Sons (Green Investments) Ltd has acquired Scottish biodiesel producer Argent Energy. Argent Energy pioneered large scale commercial biodiesel production in the UK when it started production at its state of the art plant near Motherwell in Scotland in 2005. The award-winning firm makes its clean, green road fuel by recycling wastes and residues from other industries – specifically used cooking oil which is a waste from the food industry, tallow from the meat industry, and sewer grease.

The acquisition for an undisclosed sum sees the firm remain in private ownership and it will continue to operate independently. It employs 70 people. The new ownership will allow Argent Energy to consider replicating its successful business in other parts of the world.

Swire Oilfield Services

Established in 1979, it is the world's largest supplier of specialist offshore cargo carrying units to the global energy industry and is a leading supplier of modular systems, offshore aviation services, fluid management.

Coca Cola Bottling License

Swire is an anchor bottler in the Coca-Cola System. It is the bottler of Coca-Cola and its related products in Hong Kong, Taiwan and most of mainland China, as well as parts of 11 states in the United States, mainly the mountain west region. This territory represents a population of 420 million people.[10]

In October 2011, Swire Properties exercised its monopoly to increase the price of Coca-Cola when it was found that the 759 Store, a Hong Kong chain store selling groceries, was selling below its suggested retail price.[11]

List of Chairmen

See also

References

  1. ^ The Archives of John Swire & Sons are held at the School of Oriental and African Studies (SOAS), London. http://www.soas.ac.uk/library/archives/
  2. ^
  3. ^
  4. ^
  5. ^
  6. ^
  7. ^
  8. ^
  9. ^
  10. ^
  11. ^ 759 Store#Coca-Cola incident

External links

  • Official website
  • Swire Pacific Limited
  • Swire Properties Limited
  • Swire Shipping
  • John Swire & Sons (Green Investments) Ltd
  • Swire Pacific Offshore
  • The China Navigation Co. Ltd.
  • WikiSwire
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.