Page 4 - Sphere No.5 (Feb 2002)

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PHERE

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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