S
PHERE
2
H U T C H I S O N U P D A T E S
Logistics Information Network Enterprise
(LINE) has launched
Transport Link
, a cross-border truck load matching service
which will help reduce delivery times and save up to 15% on
costs. Previously, cross-border truckers carrying loads to the
Mainland had to return to Hong Kong with empty
containers, and vice versa. Now, they can exchange them
at
Guanlan Inland Container Depots
(GICD), located
in central Shenzhen, about 30 km north of Hong Kong.
Earlier, LINE joint ventured with
Yue Yuen Industrial
Holdings
and its affiliate companies to provide supply-
centric collaborative logistics solutions for the electronics
and sports footwear industries.
The new JV will also manage transportation and logistics on
behalf of its customers, thereby increasing the efficiency of the
flow of products from manufacturer to retail outlets on a global basis.
P O R T S
LINE LaunchesTransport Link
Roll of Honour
Hutchison Whampoa Limited
again ended
the year with an impressive haul of regional and
international awards from the financial media
and other organisations, reflecting the Group's
ranking as one of the world's leading companies.
HWL was named in
BusinessWeek’s
The Global
1000 (2001 Leaders)
,
The
Asiaweek
1000
Largest Companies,
CFO Asia’s
Performance
100 Ranking
and
Yazhou Zhoukan's
Top 500
Chinese Companies in the World.
Global Finance
bestowed two accolades:
Best
Company in Asia-Pacific – Conglomerate
and
Best Company in Asia-Pacific –
Logistics.
Finance Asia
conferred no fewer than
five Hong Kong-specific awards:
Best Managed
Company; Best E-commerce Strategy; Best
Investor Relations; Commitment to
Shareholder Value;
and
Best CFO
(to Mr
Frank Sixt).
Investor Relations Magazine
picked out
Hutchison in two categories:
Best
Communication of Shareholder Value
and
Best Investor Relations by a Hong Kong
Company.
On the financial side, the
IFR Review of the Year
named HWL the
Asia-Pacific Borrower of
the Year
while
Euromoney
identified the Group
as the
Best Corporate Borrower in Asia
.
Hutchison Chairman Mr Li Ka-shing was
also spotlighted – by
Time
magazine in
The
Time / CNN 25 Most Influential Global
Business Executives.
ECT Acquisition Approved
Hutchison Port Holdings
(HPH)
in November received approval from
the European Commission to increase its
stakeholding in
Europe Container
Terminals
(ECT) to 60%.
This followed the Commission’s decision
to approve HPH’s acquisition of a 35% stake
in July 2001.
On completion of the transaction,
HPH will have control over ECT,
Europe’s leading container terminal operator,
and will be entitled to further increase its
stake in the future.
C O R P O R A T E
HPH to DevelopYantian
HPH
in November 2001 signed official
agreements with the
Shenzhen
Government
and
Yantian Port Group
to jointly develop Phase III of
Yantian
International Container Terminals
(YICT).
A total of HK$6.6 billion (about US$846.1
million) will be invested. Scheduled to
commence construction in early 2002,
Phase III will be developed on 90 ha
of land and will comprise four deep-water
container berths. Upon completion in 2006,
Phase III will have an annual handling
capacity of 2 million TEU.
HUTCHISONWHAMPOA LIMITED
Hutchison Whampoa Limited (HWL)
is the holding company of the Hutchison
Whampoa Group of companies with
origins dating back to the 1800s.
HWL is also part of the Li Ka-shing group of
companies, which together account for about
15% of the total market capitalisation of the
Hong Kong stock market.
In 2000, consolidated turnover (including
associates) was over US$10 billion, and
consolidated net profit was approximately
US$4.4 billion.
With over 100,000 employees worldwide,
the Group operates five core businesses in 36
countries: Ports & Related Services;
Telecommunications & E-commerce; Property
& Hotels; Retail & Manufacturing; and
Energy & Infrastructure.
HPH
subsidiary
HUD Automotive Services
has won the U-drive-sponsored “Best
Automotive Service Centre of 2001” award,
organised by
CarPlus
magazine.
KoreanTerminals
Acquired
Hyundai Merchant Marine
in January 2002 signed a
contract to sell its three Korean
container terminals in Pusan
and Kwangyang to
HPH
for
US$215 million.
XICT Expansion
Hutchison Delta
Ports
(HDP) in
September 2001
signed agreements
to further invest
in the expansion
and development
of container handling
facilities at
Xiamen International
Container Terminals
(XICT) at
Haicang Port. The agreements are
for the expansion of Berth No.4
and the construction of Berth No.1.
Upon completion of the project,
XICT will be able to accommodate
6th-generation vessels.
applause
News