Swire Group

"Swire" redirects here. For people named Swire, see Swire (surname).
Swire Group
太古集團
Private
Industry Conglomerate
Founded 1816 (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, Cathay Dragon, 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 controls 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.

History

The Swire Group's privately owned parent company is John Swire & Sons Limited.[1] The Swire Group, started by John Swire (1793–1847) in 1816, had its beginnings as a modest Liverpool import-export company based mainly on the textile trade.[2] John Swire's sons, John Samuel (1825-1898) and William Hudson (1830-1884) took the firm overseas and it was John Samuel Swire in particular whose entrepreneurial instincts would be at the root of the firm's successes in years to come. 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..

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). In 1948, Swire Pacific acquired Cathay Pacific, Hong Kong's largest airline, and remains as the largest shareholder with 45% shareholding.

Swire Properties

Incorporated in 1972, Swire Properties develops and manages commercial, retail and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections.[3] The Company's investment portfolio in Hong Kong totals approximately 17.8 million sq ft (approximately 1.66 million square metres)* of gross floor area, with Pacific Place,[4] Island East[5] 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 square metres)*, the majority of which is under construction. The five projects consist of mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu,[6] with Sanlitun Village[7] and The Opposite House hotel[8] in Beijing being the best-known among them. In 2008, the Company formed Swire Hotels[9] 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 owns a majority of Steamships Trading Company Limited (ASX: SST), a Papua New Guinea property company.

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.[10] 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.[11]

In October 2011, Swire Beverages 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.[12]

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. ↑ The archives of John Swire & Sons Ltd are held at the School of Oriental and African Studies, London, http://www.soas.ac.uk/library/archives/
  3. ↑ "The Official Website of Swire Properties". Swireproperties.com. Retrieved 20 April 2012.
  4. ↑ "Pacific Place Hong Kong". Pacificplace.com.hk. Retrieved 20 April 2012.
  5. ↑ "Island East". Island East. 29 June 2010. Retrieved 20 April 2012.
  6. ↑ "Future Developments". Swire Properties. Retrieved 20 April 2012.
  7. ↑ "Sanlitun Village Shopping & Life Style Centre". Sanlitunvillage.com. Retrieved 20 April 2012.
  8. ↑ "Boutique Luxury Hotel – Beijing". The Opposite House. Retrieved 20 April 2012.
  9. ↑ "Home page". swirehotels.com. Retrieved 20 April 2012.
  10. ↑ "Annual Report 2008" (PDF). Swire. p. 39.
  11. ↑ "Business Activities – Beverages Division". Swire. Archived from the original on 28 February 2009. Retrieved 2 April 2009.
  12. ↑ 759 Store#Coca-Cola incident
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