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Encyclopedia > Hutchison Whampoa

Hutchison Whampoa Limited or HWL (Traditional Chinese: 和記黃埔有限公司, SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL is a leading international corporation committed to innovation and technology with businesses spanning the globe. Its diverse array of holdings range from some of the world's biggest port operators and retailers to property development and infrastructure to the most technologically-advanced and marketing-savvy telecommunications operators. Image File history File links HWL_MID_lock_up_E-R.jpg‎ Low-resolution corporate logo believed fair use in Hutchison Whampoa HWL Mktg ID Right This is a logo of an organization, item, or event, and is protected by copyright and/or trademark. ... Image File history File links HWL_MID_lock_up_E-R.jpg‎ Low-resolution corporate logo believed fair use in Hutchison Whampoa HWL Mktg ID Right This is a logo of an organization, item, or event, and is protected by copyright and/or trademark. ... Traditional Chinese (Traditional Chinese: 正體字/繁體字, Simplified Chinese: 正体字/繁体字) refers to one of two standard sets of printed Chinese characters. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Exchange Exhibitation Hall The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Exchange Exhibitation Hall The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ...

Contents

History

Hutchison Whampoa was originally two companies founded in 19th century, namely Hong Kong and Whampoa Dock Company (HWD) established in 1863 and Hutchison International in 1877. Hutchison International, under Douglas Clague, gained controlling interest of HWD in 1960s. In 1977, Hutchison acquired all stake of HWD and became Hutchison Whampoa Limited. In 1979, Li Ka-shing bought 22% stake in HWL and became chairman of the company. Li Ka-shing is a major well known entrepreneur and philanthropist. He founded his charity foundation in 1980 (www.lksf.org).


Company

HWL currently operates in 56 countries and employs over 220,000 staff worldwide. The company has five core businesses - ports and related services; property and hotels; retail; energy, infrastructure, investments and others; and telecommunications.


Industries

HWL operates in businesses related to:

  • Ports and Related Services: Hutchison Port Holdings (HPH) is the world's leading port investor, developer and operator that operates across Europe, the Americas, Asia, the Middle East and Africa. It operates in five of the seven busiest container ports in the world, handling approximately 13% of the world’s container traffic (source: Drewry Consultants).
  • Property and Hotels: From landmark office buildings in Hong Kong, Beijing, Shanghai, to luxury residential properties in the United Kingdom, Hutchison Whampoa Properties Limited develops and invests in leading real estate. Together with Cheung Kong Holdings, HWL has set up a joint-venture company, Harbour Plaza Hotel Management (International) Limited to operate and mange hotels under the portfolio of the Hutchison Property division.
  • Retail: A.S. Watson & Co., Limited (ASW), HWL's retail arm, operates its flagship retail chains in Asia such as Watson's, PARKnSHOP supermarket, TASTE food galleria, GOURMET boutique style fine food hall, GREAT Food Hall, Fortress electrical appliances store, Watson's Wine Cellar and Nuance-Watson duty free operator. In Europe, ASW's retail network comprises health and beauty chains: DC, Drogas, Kruidvat, Rossmann, Savers, Superdrug, Trekpleister, Spektr and Watson's, as well as luxury perfumeries and cosmetics retail brands: Marionnaud, ICI PARIS XL and The Perfume Shop. A.S. Watson is the world's largest health and beauty retailer.
  • Energy, Infrastructure, Investments and Others: Cheung Kong Infrastructure (CKI), HWL’s infrastructure arm, is a diversified infrastructure company with businesses in transportation, energy, infrastructure materials, water plants and related operations. HWL has an interest in Hongkong Electric Holdings (HEH), the sole electricity supplier to Hong Kong Island and Lamma Island. Hutchison is also a major shareholder of Husky Energy, one of Canada's largest energy and energy related companies.
  • Telecommunications: HWL is a pioneer of mobile multimedia communications with the launch of third-generation (3G) mobile phones and networks under the "3" brand. It is also a visionary and international telecommunications operator through Hutchison Telecommunications International Limited, which provides mobile phone networks and data services in nine dynamic markets in Asia, the Middle East and Africa.

Beijing [English Pronunciation] (Chinese: 北京 [Chinese Pronunciation]; Pinyin: Běijīng; IPA: ), a metropolis in northern China, is the capital of the Peoples Republic of China (PRC). ... This article or section does not cite its references or sources. ... Cheung Kong Holdings Limited SEHK: 0001 is the flagship of the Cheung Kong Group, headquartered in Hong Kong, and one of Hong Kongs leading multi-national conglomerates. ... Watsons is the retail and manufacuring division of Hutchison Whampoa, the Hong Kong Based Conglomerate with intrests in businesses as diverse as shipping and telecommunications. ... PARKnSHOP (Chinese: ) is one of the two largest supermarket chains in Hong Kong. ... Savers is a multinational corporation based in Washington state that owns a chain of thrift stores with over two hundred locations in the United States, Australia, and Canada. ... Superdrug on Oxford Street Superdrug, the UKs second largest health and beauty chain (behind Boots), was founded in 1966 when the two brothers, Ronald and Peter Goldstein, opened their first store in Putney High Street, London. ... Hongkong Electric (Traditional Chinese: ; SEHK: 0006) is a vertically integrated electric utility company. ... The night view of the Island side as seen from the Kowloon side - the opposite side of the Victoria Harbour Hong Kong Island (Traditional Chinese: 香港島; Simplified Chinese: 香港岛; Cantonese Jyutping: hoeng1 gong2 dou2; Mandarin Pinyin: Xiānggǎngdǎo) is the island where the colonial settlement of the Hong Kong territory... Sok Kwu Wan, Lamma Island Lamma Island Power Station and Hung Shing Yeh beach Lamma Island (Chinese: 南丫島), also known as Pok Liu Chau (博寮洲) or simply Pok Liu (博寮), is the third largest island in Hong Kong and part of the Islands District, Hong Kong. ... External links Husky Energy Categories: Corporation stubs | Companies of Canada ...

Critics

During the Clinton Administration, when the President and Vice President were under attack for taking money from Chinese funders, several conservative congressmen and senators tried to tie Hutchison Whampoa and its chairman, Li Ka-shing, into the scandal. Hutchison had successfully earned the rights to operate ports on both sides of the Panama Canal, and the coincidence of that event with the Chinese troubles rocking the White House was too good to ignore. Despite the fact that Hutchison and its chairman had never given money to President Clinton's political effort, and despite the fact that Hutchison is a publicly traded company with no ties to the Chinese government, Right Wing critics tried to make the case that Hutchison's presence in Panama was an attempt by the People's Liberation Army to gain control over the Panama Canal, and that the effort was facilitated by President Clinton as a political favor. History has proven that these accusations are baseless.


See also

This is a list of companies from Hong Kong. ... The Swire Group is a transnational corporation headquartered in London, England. ... Jardine Matheson Holdings Limited (SGX: J36), (LSE: JAR), often called Jardines or Jardines, is a multinational company that is incorporated in Bermuda and which trades on the London and Singapore stock exchanges. ... This is a list of Chinese or Chinese-related charities. ...

External link and references

  • Hutchison Whampoa

Data


Cheung Kong Holdings
Cheung Kong Holdings | Hutchison Whampoa | Hongkong Electric | Cheung Kong Life Sciences | TOM Group

  Results from FactBites:
 
Hutchison Whampoa - Wikipedia, the free encyclopedia (787 words)
Hutchison Whampoa was also Asia's largest satellite television broadcaster until they sold their stake in Star TV to Rupert Murdoch's News Corp.
Hutchison Whampoa have also been criticized for heavy-handedness towards British art charity The Couper Collection, by The Daily Mirror, The Telegraph (2002), and The Sunday Times (2004).
Hutchison Whampoa is alleged to have many dealings with front companies for the People's Liberation Army in China.
BBC NEWS | Business | Hutchison upbeat on 3G prospects (287 words)
Hutchison Whampoa, owner of Europe's pioneering third generation mobile network '3,' has said it is confident the new service will take off.
Hutchison said it had ordered three million new 3G handsets in anticipation of a surge in new subscriptions in the autumn and winter.
Hutchison's optimistic 3G forecast came as the company, which also has interests in hotels, container ports, supermarkets, and oil, turned in a net profit of HK$ 6bn ($778m ; £466.8m) for the first six months of the 2003, up from HK$5.9bn during the same period last year.
  More results at FactBites »


 

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