Thirsting for more January 2018 - Swire

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Thirsting for more January 2018 - Swire
CENTRE STAGE

                                 Thirsting for more   January 2018

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Thirsting for more January 2018 - Swire
NEWSWIRE CORPORATE

                                                                                                                            Courtesy calls on senior officials
                                                                                                                            In September, Swire Pacific Chairman, John Slosar, and                       the recently announced Guangdong-Hong Kong-Macau
                                                                                                                            John Swire & Sons (China) Chairman, Ivan Chu, paid                           Greater Bay Area initiative.
CONTENTS                                                                                                                    a courtesy call on Mr Xie Feng, the recently appointed
                                                                                                                            Commissioner of the Ministry of Foreign Affairs of the                       During September, Ivan Chu also visited Beijing, where he
                                                                                                                            People’s Republic of China in the Hong Kong SAR. Mr                          called on Mr Huang Liuquan, Deputy Director of the Hong
January 2018
                                                                                                                            Slosar and Mr Chu took the opportunity to discuss current                    Kong & Macao Affairs Office of the State Council. During
                                                                                                                            economic trends – in particular, the opportunities offered                   the visit, Mr Chu and Mr Huang discussed a wide range of
                                                                                                                            to foreign enterprises by China’s Belt and Road policy and                   issues relating to Hong Kong’s development.

01                                      The Swire group is a multinational, multi-disciplined commercial group, with
                                        its principal areas of operations in the Asia Pacific region, and centred on the
                                        Greater China area. Hong Kong is home to publicly quoted Swire Pacific, whose
NEWSWIRE                                core businesses are grouped under five operating divisions: property, aviation,
                                        beverages, marine services, and trading & industrial. John Swire & Sons Limited,
                                        headquartered in the UK, is the parent company of the group. In addition to its
                                        controlling shareholding in Swire Pacific, John Swire & Sons Limited operates
                                        a range of wholly-owned businesses, including deep-sea shipping, cold storage,
14                                      offshore and road transport logistics services, waste to energy, mining services,
                                        and beverage ingredients with main areas of operation in Australia, Papua New

CENTRE STAGE                            Guinea, East Africa, Sri Lanka, the USA and the UK.

                                        Please send material to the Editor, GPO Box 1, Hong Kong, or email us at
                                        cindycheung@jsshk.com. For pictures, we welcome prints, colour slides or
                                        computer graphics in JPG format (500dpi and 20cm x 16cm), and digital photos
                                                                                                                            Mr Slosar and Commissioner Xie Feng            Ivan Chu and Mr Huang Liuquan
                                        taken by cameras with 8 Megapixels or above.
18                                      Swire News is published in Hong Kong, by the Group Public Affairs Department.

INSIDER                                 Copyright©2018                                                                      Shanghai visit
                                                                                                                                                                                                                              In November, Merlin Swire, Deputy
                                                                                                                                                                                                                              Chairman and CEO of John Swire &
                                                                                                                                                                                                                              Sons Limited, paid a courtesy call on
20
                                        Editor
                                                                                                                                                                                                                              Mr Zhou Bo, Executive Vice Mayor of
                                        Cindy Cheung
                                                                                                                                                                                                                              the Shanghai Municipal Government.
PEOPLE                                                                                                                                                                                                                        During the meeting, Mr Zhou
                                        Deputy Editor                                                                                                                                                                         expressed his appreciation for Swire’s
                                                                                                                                                                                                                              long-term involvement in China and in
                                        Charlotte Bleasdale
                                                                                                                                                                                                                              particular, the city of Shanghai, where
                                                                                                                                                                                                                              Swire established its first China office
                                                                                                                                                                                                                              in 1866.
                                        Design I Production

                                        Barry Chu

                                                                                                                            Merlin Swire and Mr Zhou Bo (centre), with John Swire & Sons (China) Limited’s Director & Chief
                                                                                                                            Representative, Titus Diu and Chairman, Ivan Chu (second and third from left) and members of
                                                                                                                            the Shanghai mayoral staff.

         Swire Beverages’ acquisition
         of new franchise territories
         in Mainland China positions
         the company for further
         growth. Story on page 14.

         Cover photo courtesy: Yung’s
         Harmony Photography

                                                                                                                                                                                                                                  January 2018   SWIRENEWS               1
Thirsting for more January 2018 - Swire
NEWSWIRE CORPORATE                                                                                                                                                                                                               NEWSWIRE CORPORATE

    Senior government delegations                                                                                                 Swire Women’s Network
    In the last six months, senior government delegations from      and Road initiative, given its location on the 21st Century   Group Chairman, Barnaby Swire, opened the annual
    across Mainland China have visited the offices of John          Silk Road linking Eurasian countries.                         Swire Women’s Network event on 9th November, setting
    Swire & Sons (H.K.) Limited to discuss existing or potential                                                                  the scene for a candid and thought-provoking discussion
    Swire group investment in their regions.                        Mr Slosar and Mr Chu, along with HAECO Group CEO,
                                                                                                                                  under the theme, “Gender Balance – What does it mean
                                                                    Augustus Tang, also welcomed Mayor of Xiamen, Zhuang
                                                                                                                                  for us?” Close to 100 executives from a range of Swire
    VIP guests have included Sichuan Governor Yin Li, who           Jiahan, when he visited the Swire group’s Hong Kong head
                                                                                                                                  subsidiaries attended the forum, which was held at The
    met with Swire Pacific Chairman John Slosar and JS&S            office in September. Mr Zhuang discussed the importance
                                                                                                                                  Upper House in Hong Kong. Group staff and house staff
    (China) Chairman Ivan Chu in August last year to discuss        to HAECO Xiamen of the development of the new Xiamen
                                                                                                                                  from Swire Properties, Cathay Pacific and HAECO took
    the group’s extensive interests in the property, aviation and   Xiangan Airport at Dadeng Island.
                                                                                                                                  part in a panel debate led by Mr Swire and Swire Pacific
    food chain sectors in Sichuan Province.
                                                                    Meanwhile, in October, Ivan Chu visited Shenzhen,             Finance Director, Michelle Low. Issues touched upon
    Other important visitors to the Hong Kong office have           accompanied by JS&S (China) Director – Hong Kong &            included gender representation at senior levels, cultural
    included Shandong Governor, Gong Zheng, and the Vice            Pearl River Delta, Arnold Cheng. During the visit, they       and industry-specific realities in different environments,
    Governor of Yunnan Province, Chen Shun. During his visit,       met with a delegation of officials led by Vice Mayor, Ai      and best-practice policies to support new parents. The
    Mr Gong discussed Swire’s aircraft maintenance interests        Xuefeng. Mr Chu gave Mr Ai an update on Swire’s recent        forum was facilitated by Jo Hayes, Pipeline Initiatives
                                                                                                                                  Director of The Women’s Foundation, who brought an           Barnaby Swire (right) and Michelle Low (next to Barnaby) together with
    at Jinan and the potential for extending this business          developments in Hong Kong and on the Mainland and                                                                          (from left to right) Raymond Leung from HAECO, Laura Percy from
    to Qingdao airport. Mr Chen, who met with Ivan Chu in           discussed potential development opportunities for the         external viewpoint and expertise to the debate.              Swire Properties, Alfy Weston and Eva Ng from Cathay Pacific, and Jo
                                                                    group in Shenzhen.                                                                                                         Hayes from The Women’s Foundation.
    September, discussed the expansion of Swire’s business
    to Yunnan, which is strategically important to China’s Belt

                                                                                          Mr Slosar and senior
                                                                                          Swire directors meet
                                                                                          with Shandong Governor,
                                                                                          Mr Gong Zheng (front                    A thriving future
                                                                                          row, third from right).

                                                                                                                                  ‘’Together for a Thriving Future’’ was the theme of          the day saw panellists from AXA, BlackRock, Credit Suisse,
                                                                                                                                  the seventh Swire Annual Sustainable Development             Deloitte, MSCI and Natixis discussing how sustainability
    Senior management appointments                                                                                                Forum, held in Hong Kong on 9th November. The event          is built into their investment decisions and cost of capital
                                                                                                                                  brought together more than 280 participants, including       calculations.
    Swire Properties                                                Taikoo Sugar
                                                                                                                                  sustainability experts and senior executives from 35 Swire
                                                                                                                                  group companies.                                             The forum also provided a platform for representatives
    Herman Chui has been appointed Director, Business               Allen Li has been appointed Director and General Manager,
                                                                                                                                                                                               from different areas of the Swire group to identify
    Development (Mainland China).                                   taking over from Max Lau, who retired from the group after
                                                                                                                                  The forum was opened by Swire Pacific Chairman John          how their own business development strategies and
                                                                    30 years of service.
    Han Zhi has been appointed Director, Retail.                                                                                  Slosar, with keynote speeches from Ivan Chu, Chairman        initiatives link to the group’s SwireTHRIVE environmental
                                                                                                                                  of John Swire & Sons (China), and James E. Hughes-           sustainability strategy and are driving sustainable change
    Fiona Shiu, currently General Manager, Pacific Place, will                                                                    Hallett, Finance Director, John Swire & Sons Limited,        within their businesses.
    also assume the responsibilities of Deputy Director, Retail                                                                   who reaffirmed the group’s commitment to sustainable
    (Hong Kong).                                                                                                                  development, and its strategic importance in creating
                                                                                                                                  long-term value for shareholders. One of the highlights of

2                                                                                                                                                                                                                             January 2018   SWIRENEWS                  3
Thirsting for more January 2018 - Swire
NEWSWIRE PROPERTY                                                                                                                                                                                                                                   NEWSWIRE AVIATION

    HKRI Taikoo Hui grand opening                                                                                                                     More connectivity                                            New engine order
                                                                                                          HKRI Taikoo Hui celebrated its                                                                           The Cathay Pacific Group and CFM International (“CFM”)
                                                                                                          official launch in November last                                                                         have concluded an order for the advanced LEAP-1A
                                                                                                          year with a grand opening ceremony                                                                       engine, which will be used to power 32 new Airbus
                                                                                                          held at its shopping mall. Jointly                                                                       A321neo aircraft on order for regional carrier, Cathay
                                                                                                          developed with HKR International,                                                                        Dragon; they will replace and modernise the airline’s
                                                                                                          HKRI Taikoo Hui is Swire Properties’                                                                     single-aisle fleet and support its continued expansion
                                                                                                          fifth mixed-use development in                                                                           in the Asia-Pacific region. The engine order is valued at
                                                                                                          Mainland China and first ever in                                                                         nearly US$1 billion at list price, with delivery scheduled
                                                                                                          Shanghai. Situated in Nanjing West                                                                       from 2020. With an excellent reputation for reliability,
                                                                                                          Road district, the joint venture                                                                         the LEAP engine delivers a 15% improvement in fuel
                                                                                                          comprises a shopping mall, two                                                                           consumption and CO₂ emissions compared to today’s
                                                                                                          Grade-A office towers, two luxury                                                                        best-performing CFM56 engine, along with significant
                                                                                                          hotels and one serviced apartment                                                                        reductions in aircraft noise.
    HKRI Taikoo Hui
                                                                                                          building. More than 90% of the
                                                                                                          mall’s retail space has been leased
                                                                                                          out since its soft opening in May,                                                                       New chapter for AHK
                                                                                                          providing an array of lifestyle shops
                                                                                                          and dining options for the city’s                                                                        In November, Cathay Pacific reached agreement with
                                                                                                          vibrant community. Named HKRI               Cathay Pacific will launch non-stop services linking Hong    DHL to purchase the 40% shareholding in all-cargo
                                                                                                          Centre 1 and HKRI Centre 2, the             Kong with Brussels, Dublin and Copenhagen starting this      carrier AHK Air Hong Kong Limited (“AHK”) currently
                                                                                                          development’s two office towers             summer, expanding the airline’s network to 15 European       held by DHL subsidiary, Deutsche Post International
                                                                                                          are home to many Fortune 500                destinations served by direct flights from Hong Kong.        B.V., for HK$36.268 million plus the retained earnings
                                                                                                          companies, with around 80% of the           The services to Brussels and Dublin will operate four        attributable to the AHK Minority Interest. As a result of
                                                                                                          office space already leased out or          times a week, whilst flights to Copenhagen will operate      the share transaction, AHK will become a wholly owned
                                                                                                          committed.                                  seasonally on a three-times-weekly basis from May            subsidiary of Cathay Pacific. Meanwhile, AHK entered
                                                                                                                                                      to October. The airline will also launch a four-times-       into a sale and leaseback transaction with DHL to sell its
                                                                                                                                                      weekly service to Washington, D.C. for the first time in     eight Airbus A300-600F freighter aircraft and associated
    At the launch of HKRI Taikoo Hui are (sixth from left): Mr Victor Cha, Deputy Chairman & Managing                                                 September. Operated by the all-new Airbus A350-1000          equipment to DHL for a cash consideration of HK$2,199
    Director of HKR International; Merlin Swire, Deputy Chairman and CEO of John Swire & Sons                                                         aircraft, the new service will become the longest on the     million; the freighters will be leased back to AHK by DHL.
    Limited; John Slosar, Chairman of Swire Pacific; Guy Bradley, Chief Executive of Swire Properties
    and Tim Blackburn, CEO of Swire Properties (Mainland China).                                                                                      Cathay Pacific network in terms of distance.
                                                                                                                                                                                                                   DHL acquired its shareholding in AHK from Cathay
                                                                                                                                                      Cathay Pacific has also announced increased services         Pacific in 2002; since when, AHK has operated under
                                                                                                                                                      from Hong Kong to Barcelona and Tel Aviv. Its current        a joint venture agreement, as part of which, it sells
    Relaunching blueprint
                                                                                                                                                      seasonal service to Barcelona will become a year-            space to DHL on a network of overnight freight routes
    In October last year, Swire Properties officially                                                                                                 round service from 15th April and will increase from         from its Hong Kong hub. Under a new Block Space
    relaunched blueprint, at its new location spanning two                                                                                            three flights a week to a four-times-weekly operation        agreement, AHK will operate an agreed freighter network
    floors of Dorset House in Taikoo Place. Moving from                                                                                               from July. Meanwhile, the current four-times-weekly          to destinations in Asia for DHL and will receive agreed
    its previous location in Cornwall House, the 30,000                                                                                               service to Tel Aviv will increase to six times a week from   service fees and reimbursement of operating expenses.
    square-foot co-working hub aims to nurture innovation                                                                                             25th March, with daily flights throughout October and
                                                                                                                                                      November.                                                    Cathay Pacific first purchased a majority shareholding in
    and creativity within Taikoo Place. blueprint features
                                                                                                                                                                                                                   AHK in 1994 and regards the airline as a key long-term
    a smart co-working area with 90 desks in an open
                                                                                                                                                      In December last year, Cathay Dragon increased the           strategic investment.
    plan configuration, 13 private offices of various sizes,
                                                                                                                                                      frequency of its service between Hong Kong and Fukuoka
    a range of dedicated event spaces, an outdoor terrace,
                                                                                                                                                      to eight flights per week, with a further increase to 11
    as well as the TONG Bar & Café, managed by Swire
                                                                                                                                                      flights per week between 14th January and 24th March
    Restaurants. Created with flexibility and collaboration in
                                                                                                                                                      this year. The regional carrier has also launched a new
    mind, blueprint caters to the evolving needs of startups,
                                                                                                                                                      four-times-weekly service between Hong Kong and
    small businesses and even multinationals looking for
                                                                                                                                                      Nanning in Guangxi, further strengthening the airline’s
    temporary work space to engage their staff. blueprint will
                                                                                                                                                      network in Mainland China.
    also stage monthly talks and networking events to inspire                    blueprint offers 10,000 square feet of dedicated event space,
    the greater Taikoo Place professional community.                             comprising an auditorium, a show suite and configurable conference
                                                                                 rooms.

4                                                                                                                                                                                                                                            January 2018   SWIRENEWS           5
Thirsting for more January 2018 - Swire
NEWSWIRE AVIATION                                                                                                                                                                                        NEWSWIRE AVIATION | BEVERAGES & FOOD CHAIN

    Accredited carrier for pharmaceuticals                                                                                                       HAECO Xiamen unveils new visitor centre                                                     New partnership
                                                                                                                                                                                                                                             Finnair has awarded HAECO Hong
                                                                                                                                                                                                                                             Kong a contract to perform “C”
                                                                                                                                                                                                                                             Checks on its Airbus A350 fleet;
                                                                                                                                                                                                                                             the first maintenance check was
                                                                                                                                                                                                                                             completed in October 2017. Over
                                                                                                                                                                                                                                             the last decade, HAECO Hong Kong
                                                                                                                                                                                                                                             has provided aircraft engineering
                                                                                                                                                                                                                                             and maintenance services for
                                                                                                                                                                                                                                             Finnair’s Airbus A330 and A340
                                                                                                                                                                                                                                             fleets, redelivering around 50
                                                                                                                                                                                                                                             completed aircraft to date. The
                                                                                                                                                                                                                                             extension of services to the airline’s
                                                                                                                                                                                                                                             A350 fleet opens a new chapter in
                                                                                                                                                                                                                                             the business collaboration.

                                                                                                                                                 In September, HAECO Xiamen opened        of an Airbus Corporate Jet ACJ318
                                                                                                                                                 a new visitor centre showcasing the      aircraft and a 3D-printed model
                                                                                                                                                 core capabilities of the company and     of an ACJ320 aircraft, as well as
    Cathay Pacific has become the first airline in Hong               industry stakeholders and regulators to address issues
                                                                                                                                                 tracing the history and development      interactive displays, virtual reality
    Kong to be awarded International Air Transport                    such as safety, security, compliance and efficiency, and to
                                                                                                                                                 of Xiamen’s aircraft engineering         experiences, historical photographs
    Association (“IATA”) CEIV Pharma Certification – a                minimise product loss due to handling and environmental
                                                                                                                                                 and maintenance industry. Special        and aircraft components.
    globally-recognised pharmaceutical product handling               factors. Two wholly owned subsidiaries, Cathay Pacific
                                                                                                                                                 features include a full-sized mock-up
    accreditation. Underlining the airline’s expertise                Services Limited, which operates the Cathay Pacific
    in handling these high-value, time-sensitive and                  Cargo Terminal, and Hong Kong Airport Services Limited
    temperature-controlled cargoes, the certification was             (“HAS”), which provides ground handling services at Hong
    granted by the Centre of Excellence for Independent               Kong International Airport, have also been awarded CEIV                    LEED gold certification
    Validators, a body set by IATA in conjunction with aviation       Pharma Certification.
                                                                                                                                                 In September, Swire Coca-Cola Beverages
                                                                                                                                                 Hefei’s new Jinxiu plant was awarded
                                                                                                                                                 LEED gold certification under the US
    Enhanced Singapore experience                                                                                                                Green Building Council’s LEED v4 Building
                                                                                                                                                 Design and Construction accreditation
    Cathay Pacific has become the first airline to
                                                                                                                                                 scheme. The Swire Beverages project
    move its operations at Singapore Changi Airport
                                                                                                                                                 team introduced green design,
    from Terminal 1 to the brand new Terminal 4.
                                                                                                                                                 construction and materials purchasing
    The new terminal offers passengers an
                                                                                                                                                 parameters into the plant’s development
    integrated suite of self-service options at fully-
                                                                                                                                                 and incorporated a range of operational
    automated check-in and baggage drop-off
                                                                                                                                                 systems to maximise energy efficiency
    counters, immigration clearance checkpoints
                                                                                                                                                 at the plant, including solar roof panels,
    and boarding gates, thereby ensuring a fast and
                                                                                                                                                 LED lighting throughout and zone-specific
    seamless experience for international travellers
                                                                                                                                                 lighting control and energy management
    departing Singapore. Cathay Pacific has also
                                                                                                                                                 systems. The Jinxiu plant has been
    opened a new lounge at Terminal 4. Providing
                                                                                                                                                 identified as a showcase example of
    seating for more than 200 customers, it is one of                                                                                                                                         Rooftop solar panels at the Jinxiu plant have a generating capacity of 3.11 billion kWh
                                                                                                                                                 sustainability in action and demonstrates    per year.
    the airline’s largest lounges outside Hong Kong,
                                                                                                                                                 Swire Beverages’ commitment to putting
    with a design aesthetic that echoes the warmth
                                                                                                                                                 environmental considerations at the heart
    and understated luxury of the airline’s award-
                                                                                                                                                 of its business development.
    winning lounges at The Pier at Hong Kong
    International Airport.                                 The new lounge features Cathay Pacific’s signature Noodle Bar, offering a selection
                                                           of Asian dishes, including local favourite, Singapore Laksa.

6                                                                                                                                                                                                                                                  January 2018   SWIRENEWS             7
Thirsting for more January 2018 - Swire
NEWSWIRE BEVERAGES & FOOD CHAIN                                                                                                                                                                                             NEWSWIRE MARINE SERVICES

    Finlays increases shareholding in Damin                                                                                       SPO welcomes Pacific Grebe                                            Service upgrades
    James Finlay (“Finlays”) has acquired a further 9.51%         majority share of the Mainland China market and over                                                                                  Swire Shipping upgraded its multipurpose liner service
    of the equity in Damin International Holdings Limited,        the past five years has developed a growing international                                                                             to the Micronesia region in September last year by
    bringing its total shareholding to 49.51%. Damin is the       sales partnership with Finlays, supplying beverage brand                                                                              introducing a fixed-day weekly delivery schedule into
    world’s largest producer of tea extracts and third largest    owners around the world. Wholly owned John Swire &                                                                                    Guam and Saipan, both doubling from the previous
    producer of botanical extracts, with a product range that     Sons subsidiary, Finlays, is a leading, vertically-integrated                                                                         fortnightly service. The upgrade enables customers in
    includes instant tea and tea concentrates, instant herbal     supplier of tea, coffee and natural extracts to the global                                                                            both markets to enjoy improved supply chain efficiency
    tea and herbal concentrates, coffee, sweeteners, bottled      beverage industry.                                                                                                                    and inventory management. In the same month, greater
    beverages and instant beverage powders. Damin has the                                                                                                                                               connectivity was introduced between Townsville in
                                                                                                                                                                                                        Queensland and Asian ports through an upgrade of the
                                                                                                                                                                                                        company’s North Asia Express (“NAX”) service. The
    Largest USCS site                                                                                                                                                                                   20-day frequency service offers market-leading transit
                                                                                                                                                                                                        times to and from major Asian and Southeast Asian
    United States Cold Storage Inc. (“USCS”) has completed        for shipping and receiving. All but one of the rooms at                                                                               ports, including an eight-day transit to Singapore, as well
    an 8.5 million-cubic-foot expansion at its Quakertown         Quakertown East feature fully flexible temperature                                                                                    as a 17- and 15-day transit from Shanghai and Ningbo
    East site in Pennsylvania. The project has effectively        controls (-20°F to +36°F).                                                                                                            respectively.
    added two new construction phases and the three-year-
    old cold store now ranks as USCS’ largest facility, with 15   Served by the Norfolk Southern Railroad, Quakertown                                                                                   The NAX service was further enhanced in November
    million cubic feet under one roof.                            East offers multi-vendor consolidation programmes,              Mrs Elisabeth Mathison (centre), Ron Mathison (back row, left), and   with the introduction of a new call at Rabaul in Papua
                                                                  cross-docking and product tempering services. Certified         Pacific Grebe’s officers and crew.                                    New Guinea. The 20-day frequency call at Rabaul offers
    Quakertown East opened in August 2014, with 6.5 million       by the USDA (US Department of Agriculture) and FDA                                                                                    transit times of 11, 17, 21 and 24 days respectively from
                                                                                                                                  On 23rd August last year, Swire Pacific Offshore (“SPO”)
    cubic feet of storage space. USCS broke ground for            (Food and Drug Administration), the site also offers                                                                                  South Korea, Japan, Mainland China and Taiwan. These
                                                                                                                                  held a naming ceremony for the latest addition to its
    the addition in December 2016 and has added 29,344            managed logistics, shuttle and brokerage services.                                                                                    services are supported through the deployment of
                                                                                                                                  fleet at Loyang Offshore Supply Base in Singapore.
    additional pallet positions and 28 more dock doors                                                                                                                                                  modern, eco-friendly vessels as part of the company’s
                                                                                                                                  Pacific Grebe is the sixth of ten Platform Supply Vessels
                                                                                                                                                                                                        long-term commitment to deliver sustainable shipping
                                                                                                                                  in the “G” Class series built by Japan Marine United
                                                                                                                                                                                                        solutions to its customers.
                                                                                                                                  Corporation; the name “grebe” comes from a species of
                                                                                                                                  freshwater diving birds. Attended by over 50 guests, the
                                                                                                                                  ceremony was graced by Lady Sponsor, Mrs Elisabeth
                                                                                                                                  Mathison, who is the wife of SPO’s Managing Director,
                                                                                                                                  Ron Mathison.

                                                                                                                                  Seabed Stingray
                                                                                                                                  In October, Swire Seabed signed an agreement with Siem

                                                                                                                                                                                                                                                                      Photo courtesy: Harald M. Valderhaug
                                                                                                                                  Offshore to bareboat charter its subsea vessel Siem
                                                                                                                                  Stingray for a period of three years; the vessel will be
                                                                                                                                  renamed Seabed Stingray. With an overall length of 120
                                                                                                                                  metres, the vessel is equipped with a 250-tonne offshore
                                                                                                                                  crane, a free deck space of 1,350 square metres and
                                                                                                                                  two heavy-duty, work-class ROVs (Remotely Operated
                                                                                                                                  Vehicles). Seabed Stingray will be mainly engaged in
                                                                                                                                  construction support, IMR (inspection, maintenance and
                                                                                                                                  repair), and renewable energy sector operations, with
                                                                                                                                  a special focus on North European and West African
                                                                                                                                  markets. Swire Seabed’s owned subsea vessels, Seabed
                                                                                                                                  Worker, Seabed Supporter and Seabed Constructor,
                                                                                                                                  are all currently contracted for work in survey and
                                                                                                                                  construction projects on a long-term basis.

8                                                                                                                                                                                                                                 January 2018   SWIRENEWS                                                   9
Thirsting for more January 2018 - Swire
NEWSWIRE TRADING & INDUSTRIAL                                                                                                                                                                                                 NEWSWIRE IN THE COMMUNITY

     Exclusive brands                                                                                                         Symphony Under The Stars
                                                                             Swire Resources has recently added two
                                                                             more brands from the accessible luxury
                                                                             segment to its portfolio of international
                                                                             labels. The company has been appointed
                                                                             exclusive distributor in Hong Kong, Macau
                                                                             and Mainland China for Paris street-
                                                                             chic fashion house, The Kooples and for
                                                                             Canadian shoe and accessory label, ALDO.

                                                                             Founded in 2008, The Kooples has
                                                                             garnered wide acclaim for its beautifully-
                                                                             cut garments that offer a unique mix of
                                                                             meticulous attention to detail, “Rock ‘n
                                                                             roll” aesthetic and androgynous style. The
                                                                                                                              At the officiating ceremony are (left to right): Mr Michael MacLeod,
                                                                             Kooples already boasts more than 400
                                                                                                                              Chief Executive of the HK Phil; John Slosar, Chairman of Swire
                                                                             stores in 36 countries and Swire Resources’      Pacific; Mr Lau Kong-Wah, JP, Secretary for Home Affairs of
                                                                             first flagship store for the brand opened        the Hong Kong SAR and Mr Y S Liu, Chairman of the Board of
                                                                                                                              Governors of the Hong Kong Philharmonic Society Limited.
                                                                             at Hong Kong’s Pacific Place shopping
                                                                             mall in November. Three new ALDO stores          Swire Symphony Under The Stars 2017 took place on                             local pianist Johnson Li and violinist Paloma So, treating
                                                                             have meanwhile opened at key Hong Kong           11th November at the Central Harbourfront. Under                              the audience of around 15,000 concert-goers to a
                                                                             locations at Cityplaza in Taikoo, SOGO           the baton of Principal Guest Conductor, Yu Long and                           musical and visual feast. During the event, Chairman of
                                                                             in Causeway Bay, and Langham Place in            with popular TV personality, musician and magician,                           Swire Pacific, John Slosar, announced the renewal of
                                                                             Mongkok. Founded in Montreal in 1972             Harry Wong, as Master of Ceremonies, the Hong Kong                            Swire’s commitment to the HK Phil as Principal Patron
                                                                             by shoe designer Aldo Bensadoun, ALDO            Philharmonic Orchestra’s (“HK Phil”) annual outdoor                           for another three years from April 2018 with a grant of
                                                                             effortlessly blends bold, youthful, but          musical extravaganza featured performances by noted                           HK$46.4 million.
                                                                             affordable style with quality and wearability.

                                                                             As exclusive regional distributor for these
                                                                             labels, Swire Resources will play a key          To Fiji with love
                                                                             role in helping them to gain a share of the
                                                                                                                                                                                                                              Swire Shipping has arranged free
     Montreal-born label ALDO (top) and Paris-based The Kooples.             fast-growing Greater China market, where
                                                                                                                                                                                                                              shipping and delivery of school
                                                                             consumers have an increasing appetite for
                                                                                                                                                                                                                              equipment, classroom furniture and
                                                                             international luxury and lifestyle brands.
                                                                                                                                                                                                                              sports gear to three schools in Fiji
                                                                                                                                                                                                                              that are still rebuilding after being
                                                                                                                                                                                                                              extensively damaged in Tropical
     New dealership                                                                                                                                                                                                           Cyclone Winston in February last
                                                                                                                                                                                                                              year. These items were donated to
     Mercedes-Benz Malaysia has announced the appointment          accessories and merchandise as well as financial
                                                                                                                                                                                                                              Naitavuni District School, Waidina
     of Auto Commerz as its dealer partner, at the launch          services; a permanent showroom will be opened in 2019.
                                                                                                                                                                                                                              Secondary School and Nabukalua
     of a new temporary showroom in Jalan Genting Klang            The dealership appointment marks a strengthening
                                                                                                                                                                                                                              Primary School by the Hong Kong
     in Kuala Lumpur. Auto Commerz is a part of the Taikoo         partnership with Mercedes-Benz, as Taikoo Motors seeks
                                                                                                                                                                                                                              International School and by Valley
     Motors Group, which also retails Mercedes-Benz vehicles       to expand its business across the fast-growing ASEAN
                                                                                                                                                                                                                              Fort Rugby Football Club, initiated by
     in Taiwan. In addition to displaying the latest Mercedes-     region.
                                                                                                                                                                                                                              former China Navigation Company
     Benz models, the interim showroom provides genuine
                                                                                                                                                                                                                              Managing Director, Tim Blackburn.

                                                                                                                              Fijian schoolchildren were overwhelmed to see the arrival of a 40-foot container truck packed
                                                                                                                              with brand new gear.

10                                                                                                                                                                                                                                    January 2018   SWIRENEWS           11
Thirsting for more January 2018 - Swire
NEWSWIRE AWARDS & RECOGNITIONS                                                                                                                                                                                                                  NEWSWIRE AWARDS & RECOGNITIONS

                                                                Sustainability efforts recognised                                                                         Award-winning hotel                                         HAECO Xiamen wins QC award
                                                                In the third quarter of 2017, Swire Pacific received                                                      The Temple House, Chengdu, has come fifth in the “Top       In September last year, HAECO Xiamen won a Quality
                                                                recognition for its ongoing efforts to develop its                                                        Hotels in China” in Condé Nast Traveller’s Readers’         Control (“QC”) Circle Appreciation Award at the
                                                                businesses along sustainable lines, retaining its position                                                Choice Awards 2017. More than 300,000 travellers            Nationwide QC Circle Conference in Japan. The award
                                                                in two major global sustainability indices, the Dow Jones                                                 voted in the annual survey to help create a list of         recognises HAECO’s development of a new tool that
                                                                Sustainability Index Asia Pacific and the Hang Seng                                                       winning favourites. The award-winning hotel was ranked      assists with the installation of insulation blankets in
                                                                Corporate Sustainability Index, for the third consecutive                                                 number one in the “Ten Best City Hotels in Asia” and        aircraft. Deployment of the new tool has brought about
                                                                year. Swire Pacific received the highest mark in the                                                      number 19 in “The Top 100 Hotels in the World” in The       a 32% reduction in man-hours spent on fitting lining
                                                                environment category out of all Hong Kong listed                                                          2017 World’s Best Awards organised by Travel+Leisure.       material, improved working conditions for technicians and
                                                                companies in the Hang Seng Corporate Sustainability                                                       The hotel’s spa has been voted “Best Men’s Treatment of     lower health and safety risks. The award is a testament
                                                                Index.                                                                                                    the Year” by SpaChina and its pool was ranked number        to HAECO Xiamen’s efforts to match the highest industry
                                                                                                                                                                          four in “17 jaw-dropping pools around the world” by         workplace standards and a great encouragement for the
                                                                Swire Properties has also retained its places in both                                                     CNNtravel.                                                  company’s quality-oriented culture.
                                                                indices, and was the only company from any sector from
                                                                Hong Kong and Mainland China to be included in the Dow                                                    Meanwhile, The Upper House in Hong Kong was voted
                                                                Jones Sustainability World Index. In addition, the Swire                                                  number 20 in Condé Nast Traveller’s Readers’ Choice
                                                                                                                                                                                                                                      Award for people investment
                                                                group’s property arm was recognised by the Global Real                                                    Awards 2017 “Top Hotels in China” and was also
                                                                Estate Sustainability Benchmark (“GRESB”), an investor-                                                   included in “The World’s Top 100” hotels by Condé Nast      Swire Pacific Offshore (“SPO”) has won the “Investing
                                                                driven organisation that assesses environmental, social                                                   Traveller UK.                                               in People” award in the 18th Annual Business Awards
                                                                and governance performance of real assets globally.                                                                                                                   organised by the British Chamber of Commerce in
                                                                The organisation gave Swire Properties a GRESB                                                                                                                        Singapore. As a first-time winner of this award, SPO was
                                                                5-star rating, its highest category for sustainability                                                                                                                recognised for its sustained endeavours to nurture and
                                                                performance, indicating that the company is among the                                                                                                                 acknowledge staff development. The Annual Business
                                                                top 20% of the 850 companies assessed.                                                                                                                                Awards were established to recognise outstanding
                                                                                                                                                                                                                                      individuals and companies that have shown notable
                                                                                                                                                                                                                                      business excellence in various areas.
     Swire Pacific clinches two awards

                                                                                                                                                                                                                                                                                                             Photo courtesy: Live Studios
     Swire Pacific’s 2016 Annual Report has won high marks

                                                                                                                             Photo courtesy: Yung’s Harmony Photography
     for its professionalism and comprehensive disclosure.
     The report won the Bronze Award in the “General”
     category in the Hong Kong Management Association’s
     Best Annual Reports Awards, announced in November.
     The report was commended by the panel of adjudicators
     for its outstanding presentation and clear illustration,                                                                                                             The Temple House
     with charts and photographs to highlight business
     developments and sustainable growth to stakeholders.
     The Best Annual Reports Awards is an annual                                                                                                                          Popular employer
     competition which aims to encourage the publication of
     timely, accurate, informative and well-presented annual                                                                                                              In October, Swire was once again named as one of the
     reports for shareholders, employees and the public.                                                                                                                  most popular employers in Hong Kong. The group took         Colin Payne, SPO’s Human Resources Director (centre), receives
                                                                                                                                                                          the top position in the 2017 jobsDB Top Ten Companies       the award from His Excellency Scott Wightman, the British High
                                                                                                                                                                                                                                      Commissioner in Singapore and Bicky Bhangu, President of the British
     Also in November, Swire Pacific won the “Outstanding                                                                                                                 Survey, along with its operating company Cathay Pacific     Chamber of Commerce Singapore, at the gala presentation dinner on
     Listed Companies” award organised by the Hong                                                                                                                        Airways. The survey sought the opinions of over 26,000      28th September.
     Kong Institute of Financial Analysts and Professional                                                                                                                people across the Asia Pacific region and found that
     Commentators Limited.                                                                                                                                                company benefits and work-life balance were the top
                                                                                                                                                                          priorities for employees. The ranking recognises the
                                                                                                                                                                          group’s efforts to provide a fulfilling work place and is
                                                                                                                                                                          a testament to Swire’s brand power as an employer of
                                                                                                                                                                          choice in Hong Kong.

12                                                                                                                                                                                                                                                                  January 2018   SWIRENEWS                             13
Thirsting for more January 2018 - Swire
CENTRE STAGE                                                                                                                                                                                                                              CENTRE STAGE

     Thirsting for more                                                                                              time, The Coca-Cola Company
                                                                                                                     was engaging in a massive global
                                                                                                                                                                       which drives improvements in
                                                                                                                                                                       revenue growth and profitability.”
                                                                                                                                                                                                                to-drink (“NARTD”) products.
                                                                                                                                                                                                                Yet despite its size, per capita
                                                                                                                     refranchising exercise to refocus                                                          consumption of Coca-Cola
                                                                                                                                                                       The refranchising also helps to
                                                                                                                     its business on consumer research,                                                         beverages in Mainland China is
                                                                                                                                                                       drive efficiencies in supply chain
                                                                                                                     branding and portfolio development.                                                        only slightly more than 40 eight-
                                                                                                                                                                       management. From a logistical
                                                                                                                     These two factors created the                                                              ounce servings per year, which is
                                                                                                                                                                       viewpoint, having one large
                                                                                                                     opportunity to streamline the                                                              relatively low compared with other
                                                                                                                                                                       territory, instead of the suboptimal
                                                                                                                     franchise so that bottlers could                                                           more mature markets, such as Hong
                                                                                                                                                                       territories of the past, creates
                                                                                                                     optimise their operations.”                                                                Kong, where per capita consumption
                                                                                                                                                                       more opportunities to service sales
                                                                                                                                                                                                                is over 200 servings. This provides
                                                                                                                     Today, the bottling franchises in                 centres from the closest possible
                                                                                                                                                                                                                ample opportunity for growth.
                                                                                                                     Mainland China are held either by                 production and distribution points,
                                                                                                                     Swire Beverages or COFCO, with                    helping to reduce delivery costs.        Mainland China’s beverage market
                                                                                                                     each group controlling a contiguous               Over time, there is significant          is also fragmented, with packaged
                                                                                                                     territory. The Swire Beverages                    opportunity to optimise capital          water accounting for 40 percent
                                                                                                                     franchise covers a unified region                 allocation too. “Decisions about         of total market share, while the
                                                                                                                     in southern, eastern and some                     where to invest in production plants     remainder is split between sparkling
                                                                                                                     central parts of China. This has                  can be taken from the perspective        soft drinks, juices and tea, and
                                                                                                                     created many opportunities. For                   of the whole territory, rather than      emerging categories such as coffee,
                                                                                                                     instance, revenue management                      on a province-by-province basis,”        energy drinks and hydration drinks.
                                                                                                                     is much easier across a single,                   Pat Healy says.                          Currently, Swire Beverages has 65
                                                                                                                     interconnected area, rather than a                                                         percent of the market share for
                                                                                                                     patchwork of franchises in different                                                       sparkling beverages and is number
                                                                                                                     territories. Explains Healy: “We now              Seizing abundant                         one in the country for juices. For
                                                                                                                     have the scale and continuity, for                opportunities                            Karen So, the focus is on increasing
                                                                                                                     example, to make decisions over                                                            Swire’s share: “We want to make
                                                                                                                     product launching and pricing on                  In Mainland China, the beverage          sure our system can roll out more
                                                                                                                     our own and at greater speed. The                 market is extremely large. Each          categories, to gain a significant share
                                                                                                                     new system enables us to take full                year, 27 billion unit cases* of          of the total NARTD market,” she
                                                                                                                     control over pricing and revenue                  beverages are produced, of which
     On 1st July last year, Swire Beverages completed the acquisition of                                                                                                                                        says.
                                                                                                                     management for the entire territory,              20 billion are non-alcoholic, ready-
     its new franchise territory in Shanghai, representing the final transaction                                                                                                                                One trend that will help Swire
     in the realignment of Coca-Cola’s bottling operations in Mainland China.                                                                                                                                   Beverages seize many more
     In this edition of Swire News, Pat Healy, Swire Beverages’ Managing                                                                                                                                        opportunities is that consumer
                                                                                                                                                                                                                tastes are changing. As Healy
     Director, and Karen So, Executive Director – China Operations, discuss
                                                                                                                                                                                                                confirms, “The beverages market in
     how the realignment positions the company for further growth.                                                                                                                                              China is becoming more premium, so
                                                                                                                                                                                                                there are opportunities to introduce
                                                                                                                                                                                                                new brands in new categories and
                                                                                                                                                                                                                in premium packages. Our capacity
     The realignment was the             COFCO Corporation) and Swire         Contiguity and growth
     culmination of a refranchising      Beverages Holdings Limited. The                                                                                                                                        to maximise revenue growth is
     initiative, announced in November   deal has expanded Swire Beverages’   Reflecting on the franchise system                                                                                                becoming greater.” A case in point
     2016, under which all of the        scale of business on the Mainland    prior to the realignment, Pat Healy                                                                                               is packaged water. While packaged
     bottling territory in China owned   by 50 percent. The company now       says: “The structure of the China                                                                                                 water accounts for a significant
     by The Coca-Cola Company’s          owns 18 plants in 11 provinces and   franchise has been built up over                                                                                                  share of the market, much of it
     Bottling Investments Group has      the Shanghai municipality, selling   time, so we had different franchises                                                                                              has a retail value as low as RMB1
     been acquired by Coca-Cola’s        the Coca-Cola family of beverages    held by COFCO, Swire and the                                                                                                      per bottle. However, as Karen So
     two franchise partners, COFCO       to half the country’s population –   Bottling Investments Group. This                                                                                                  identifies, a shift in preference is
     Coca-Cola Beverages Limited (a      over 650 million people.             led to inefficiencies and waste                                                                                                   underway: “The water market is
     subsidiary of the state-owned                                            within the system. At the same         Swire Beverages’ Managing Director, Pat Healy and Executive Director – China Operations,
                                                                                                                     Karen So.                                                                                  *A unit case comprises 24 eight-ounce servings.

14                                                                                                                                                                                                                   January 2018   SWIRENEWS                     15
Thirsting for more January 2018 - Swire
CENTRE STAGE                                                                                                                                                                                                                                                CENTRE STAGE

                                                                                                                                                       communicate with our sales            Striving for a brighter                 of the new acquisitions will be fully
                                                                                                                                                       representatives. When they walk       future                                  incorporated into the Swire system
                                                                                                                                                       into an outlet, the fridge connects                                           until late this year. In addition to
                                                                                                                                                       with their hand-held device and       As with any merger, the realignment     ensuring new employees embrace
                                                                                                                                                       uploads information such as how       has faced a number of initial           Swire’s culture, it will also take
                                                                                                                                                       often the door has been opened        challenges. This is hardly surprising   time to align operating systems to
                                                                                                                                                       and at what time, what traffic has    considering the vast expanse of         achieve uniformity across the entire
                                                                                                                                                       been like and which products have     China’s geography, as well as           territory. Nevertheless, progress is
                                                                                                                                                       been sold.” This data can be broken   the very real issue of integrating      being made in these areas, laying the
                                                                                                                                                       down according to region and used     systems, processes and even             foundations for future success.
                                                                                                                                                       to create valuable insights about     company culture across a newly
                                                                                                                                                                                                                                     For Swire Beverages in China, the
                                                                                                                                                       Swire’s customer base.                acquired workforce from other
                                                                                                                                                                                                                                     future looks undeniably bright.
                                                                                                                                                                                             bottling franchises.
                                                                                                                                                       From a consumer perspective,                                                  “The relationship between Swire
                                                                                                                                                       technology is also radically          So describes the process followed       Beverages and Coca-Cola is one of
                                                                                                                                                       changing the business. “In China,     during the transition: “We study        a long-term, strategic partnership.
                                                                                                                                                       more and more vending machines        what is going on in the new bottling    The fact that Coca-Cola has
                                                                                                                                                       are cashless, with consumers          plants we have acquired. We do not      allowed us to increase the scale of
                                                                                                                                                       opting to use Alipay and WeChat       say, ‘This is Swire and you need to     our business by a factor of about
                                                                                                                                                       Pay. These vending machines           do things our way.’ During the first    3.5 in the United States and by 50
                                                                                                                                                       also communicate directly with        three months of any transition,         percent in Mainland China is a very
                                                                                                                                                       our bottling plants and tell us       we deploy a lot of resources –          strong statement of trust,” says
                                                                                                                                                       exactly which products need to be     both people and time – so we            Healy. As the newly aligned China
                                                                                                                                                       restocked. In many ways, China        can understand, learn and record        System settles into its first full year
                                                                                                                                                       leads the market in the application   how our newly acquired plants do        of operation, Swire and The Coca-
                                                                                                                                                       of technology because of the huge     business and why they are at their      Cola Company are committed to
     The realignment has created a more efficient franchise system in China, with Swire Beverages and COFCO each controlling a contiguous territory.   innovations that we can leverage,     current stages.”                        deepening and strengthening this
                                                                                                                                                       plus a very young and tech-savvy                                              historic partnership and making the
                                                                                                                                                                                             Full integration is still a work in
                                                                                                                                                       customer base,” says Healy.                                                   most of the exciting prospects on the
                                                                                                                                                                                             progress, as each plant provides its
     becoming more premium, with                       effort into expanding our packaging                Harnessing innovation                                                              own unique challenges, and not all
                                                                                                                                                                                                                                     horizon.
     water being launched that costs                   portfolio, so our consumers will                   and technology
     consumers between RMB2 and                        always be presented with the right
     RMB5 per bottle. This segment will                product and the right packaging to                 In former times, bottlers ran on
     continue to grow at a double-digit                suit the occasion,” explains So.                   simple business models, with
     level for the next few years, so there                                                               a small number of brands and
     are opportunities for us to upgrade               Bolstering market penetration will                 categories. Today, however, the
     our offerings in this market,” she                also help to drive sales, although                 competitiveness and complexities of
     says.                                             this is currently a challenge due                  the industry and an ever-expanding
                                                       the vast array of different types of               portfolio mean that it is essential
     As consumers in Mainland China                    retailers in what is a huge country.               to apply increasingly sophisticated
     increasingly look for premium                     So adds, “At present, our distribution             technology to bottling operations.
     products, opportunities exist to                  network only covers about half of                  In particular, sales teams are now
     develop different types of packaging              the total number of stores; there is               equipped with smartphones that
     in order to drive greater profitability.          plenty of room to optimise our route               contain all the data they need to                                                                                                       New brands in new
     “Even in categories where we’re                   to market and further strengthen                   service their customers throughout                                                                                                      categories are being
     strong, the packaging offered to                  our distributer and wholesaler                                                                                                                                                             introduced to the
                                                                                                          China.                                                                                                                                  China market to drive
     consumers is still quite limited,                 system, and to better organise our                                                                                                                                                         greater profitability
     compared with markets in Latin                    sales force in order to cover more                 For Healy, this is transformational:                                                                                                    from the growing
                                                                                                                                                                                                                                                  consumer segment
     America and North America.                        outlets where our products are                     “The power of technology is                                                                                                             that values premium
     Therefore, we have to put a lot of                sold.”                                             exciting. Coolers and fridges now                                                                                                       products.

16                                                                                                                                                                                                                                       January 2018   SWIRENEWS              17
INSIDER                                                                                                                                                                                                                                                                  INSIDER

     A matter of taste
     Over the past century and a half, the Sri Lankan tea industry has
     traditionally employed mainly women in manual roles, such as
     tea-picking. Conversely, the industry’s white-collar positions have
     until very recently been male-dominated – despite a very high
     rate of female literacy in Sri Lanka. Satyani Rajapakse is Finlays                                                               Tea pluckers ensure the best quality teas are harvested, by hand-picking the most tender leaves.

     Colombo’s first female tea taster and tea blender. Here she talks
     to us about her work.
                                                                                                                                      How many rounds of                                 Biotechnology. I applied to Finlays             climbs the hills to pluck the most
                                                                                                                                      tea tasting do you get                             for a different post. However, the              succulent, tender tea leaves to give
                                                                                                                                                                                         senior management felt that this                the best quality product!
                                                                       What is your job?                                              through in one day?
                                                                                                                                                                                         would be a better opportunity and
                                                                                                                                      On a weekly basis our team must                    took me onboard in the capacity of
                                                                       I am a tea taster and a tea blender at Finlays Colombo
                                                                       Limited. I’m responsible for evaluating tea quality,           evaluate around 12,000 samples                     a trainee tea taster. I am fortunate            Can you share with
                                                                       attending the weekly tea auctions in Colombo to                of tea, to prepare for the weekly                  to have a senior management                     us some tips to help
                                                                                                                                                                                         team that mentors and guides
                                                                       purchase tea according to customer requirements, and           auctions. A minimum of 500 cups a                                                                  improve tea making at
                                                                                                                                                                                         me and I am now in my tenth year
                                                                       blending teas to ensure consistency.                           day need to be tasted.                                                                             home?
                                                                                                                                                                                         at Finlays. Passion for what I do
                                                                                                                                                                                         today is something that grew in me              Rule number one: freshly drawn
                                                                                                                                      Describe some of the                               and keeps growing as I continue
                                                                       What does a tea taster actually do?                                                                                                                               water always.
                                                                                                                                                                                         exploring the truly amazing camellia
                                                                                                                                      challenges your job
                                                                                                                                                                                         sinensis – the tea plant.                       The water must be heated to boiling
                                                                       At its simplest level, a tea taster tastes tea 24/7!           brings.                                                                                            point for black tea and a little lower
                                                                       The skill in this activity lies in combining hundreds of
                                                                       individual teas to match the quality parameters of one         The most challenging yet exciting                                                                  for green tea.
                                                                       established standard. The standard differs from client         days of the week are auction days                  What makes a superior
                                                                                                                                                                                                                                         Rule number two: do not over-boil.
                                                                       to client, from market to market. It is my job to ensure       – Tuesdays and Wednesdays. These                   quality tea?
                                                                       continuity in supply for each of our clients and never         are the days I feel proudest of myself,                                                            When water is over-boiled, the
                                                                       deviate from their agreed blend recipe.                        as the only lady representing Finlays              Now that’s a tricky one! Every
                                                                                                                                                                                                                                         oxygen content is destroyed and
                                                                                                                                      and one of only a handful in the trade,            market and every palate has a
                                                                                                                                                                                                                                         this results in poor activation
                                                                                                                                      fighting neck and neck with more than              different definition of good quality.
                                                                                                                                                                                                                                         of the aromatic flavours and
                                                                                                                                                                                         However, as a taster and blender
                                                                       Where is the tea-tasting held?                                 200 men to buy tea – a very satisfying                                                             characteristics of the tea.
                                                                                                                                      feeling at the end of the day! It gives            there is very little I can do if the first
                                                                       There is a special room in the office to carry out all         me a huge sense of achievement to                  step in the supply chain – which is             My favourite cup of tea would be
                                                                       tea-related activities and it is here the magic happens.       buy my targeted requirement of tea at              production – is not up to the mark. In          a bright golden red cup of tea with
                                                                       Many factors – such as natural light, proper ventilation       my targeted price.                                 other words, the quality of the final           a hint of ginger and sugar. I also
                                                                       and storage space – need to be taken into account when                                                            cup of tea you and I drink is in the            fancy a perfectly balanced tropical
                                                                       designing a tea room. The usual equipment for tasting                                                             hands of the tea plucker. If she fails          flavoured green iced tea to put me
     Satyani believes that passion, commitment and hard work are the
                                                                                                                                                                                         to pluck the finest leaves there’s
     drivers for success as a tea taster.                              includes a kettle, a cup, a bowl, a lid with a timer to brew   Where did your love of                                                                             in a chirpy mood. When we are in the
                                                                       the tea – and a great palate also comes in handy!                                                                 very little I can do at this end to get
                                                                                                                                      tea come from and how                              a good quality cup.
                                                                                                                                                                                                                                         mood to experiment, we can always
                                                                                                                                                                                                                                         create a perfect blend.
                                                                                                                                      did you become a tea
                                                                                                                                      taster?                                            So the success of the so-called
                                                                                                                                                                                         male dominated industry actually
                                                                                                                                      Tea actually found me! I am a                      lies in the hands of the woman who
                                                                                                                                      Science graduate with a degree in

18                                                                                                                                                                                                                                           January 2018   SWIRENEWS             19
PEOPLE                                                                                                                                                                                                                                                                                    PEOPLE

     Intra-Group Running Competition                                                                                                                      TaiFoong Trophy
                                                                                                                                                          Swire has won the TaiFoong Trophy
                                                                                                                                                          for the sixth consecutive year. This
                                                                                                                                                          annual, 18-hole golf competition
                                                                                                                                                          between Swire and HSBC celebrates
                                                                                                                                                          the strong bond between two of
                                                                                                                                                          Hong Kong’s oldest companies;
                                                                                                                                                          “TaiFoong” is an amalgam of the
                                                                                                                                                          two organisations’ Chinese names,
                                                                                                                                                          Taikoo (“Great and Ancient”)
                                                                                                                                                          and Wayfoong (“Abundance of
                                                                                                                                                          Remittances”). The event was
                                                                                                                                                          inaugurated in 1992, with each
                                                                                                                                                          company playing host in alternate
                                                                                                                                                          years; HSBC organised the 2017’s
                                                                                                                                                          event at the Shek O Golf & Country
     Over 600 enthusiastic participants turned up at the starting line of the   Winners of the 10km Corporate Team event pose for a group photo at the
     running competition.                                                       presentation ceremony.                                                    Club on 10th October. While HSBC
                                                                                                                                                          claimed both closest-to-the-pin
                                                                                                                                                                                                 Team Swire (in white) were captained by Cathay Pacific’s Chief Financial Officer Martin Murray
     The fourth annual Swire Intra-group Running Competition                    with William Davies triumphing in the 10km Men’s Master                   awards, Walter Li of Swire smashed     (centre).
     was held on 21st October at the Pak Shek Kok                               for the second year in a row.                                             his ball a powerful 280 yards to
     Promenade at Hong Kong Science & Technology Parks.                                                                                                   claim the longest drive award.
                                                                                Cathay Pacific continued to dominate the 3 x 1km
     Cathay Pacific recaptured the 10km Corporate Team
                                                                                Relay Races, coming first in the Ladies’, Men’s and
     championship this year, as well as claiming victory in the
                                                                                Mixed categories, while Swire Beverages topped the

                                                                                                                                                          Remembrance Day
     10km Individual category, with Jinko Takeshige, Candy
                                                                                Senior Executives category. This year also marked the
     Lai and David Li winning the Ladies’ Master, Ladies’ Open
                                                                                introduction of the 3km Individual Race, and the inaugural
     and Men’s Open categories respectively. Swire Beverages
                                                                                winners for the Ladies’ and Men’s categories respectively
     – last year’s winner of the 10km Corporate Team
                                                                                were See Ying-Yee and Alfred Siu – both from Cathay
     Competition – followed closely behind in second place,
                                                                                Pacific.

                                                                                                                                                                                                                          Representing the Swire group, Tom Owen (fifth from left),
                                                                                                                                                                                                                          Cathay Pacific’s Director People, laid a wreath at the

     Paddle up
                                                                                                                                                                                                                          Cenotaph in Hong Kong on Remembrance Sunday, 12th
                                                                                                                                                                                                                          November, paying tribute to those who fell during the
                                                                                                                                                                                                                          First and Second World Wars and in other conflicts.

     A team of 11 hardy oarsmen braved a cold September’s
     afternoon to represent the Swire group at a fundraising
     dragon boat race organised by the shipping industry
     in London last year. Representatives from Swire Bulk,
     James Finlay and John Swire & Sons Limited took to the
     water at the London Docklands Aquacentre against 23
     other teams. The Swire team came in a respectable third
     after a few pre-match training sessions. They also raised
     just under £6,000 for the Great Ormond Street Children’s                   Back row (left to right): Neil Drury, Oliver Taylor, Finola Fennell,
     Hospital in London.                                                        Philippe de Gentile-Williams, Louise Conroy, Julian Davies, Paul
                                                                                Henson. Front row: James E. Hughes-Hallett, Austin Ellis, Sarah Irving,
                                                                                Joe Ackland

20                                                                                                                                                                                                                                                        January 2018   SWIRENEWS                21
PEOPLE                                                                                                                                                                                                                                                               PEOPLE

     Appointments
     Cathay Pacific Airways Ltd.                                                                                                        Customer
     Roger Barstow                    Vivian Chan                    Richard Knight                                                     Ingrid Lee Kwai Ha             Walter Li Chun Ting              Bernard Mills                      Jonathan Tho
     joined Catering Centre of        joined Brand, Insights and     joined People Department                                           has been appointed Assistant   has been retitled Customer       has been appointed Head of         has been appointed Assistant to
     Excellence as Head of Culinary   Marketing Communications       as Head of Performance and                                         Manager Customer Experience    Insights Manager.                Customer Experience F&B and        General Manager Brand, Insights
     Excellence.                      Department as Head of          Reward.                                                            – Airports.                                                     Hospitality.                       and Marketing Communications.
                                                                                                                                                                       Annie Ling
                                      Marketing Communications.
                                                                                                                                        Jasmine Li Oi Yan              has been appointed Head of       Eva Ng See Wah                     Isla Yu Hui Yin
                                                                                                                                        has been appointed Head of     Customer Experience – Digital.   has been appointed Digital         has been appointed Assistant
     Ethos International Ltd.         HAECO Group                                                                                       Customer Experience Ground                                      Experience Manager –               Manager Marketing.
                                                                                                                                                                       Keri Lui Ka Wai
                                                                                                                                        Product.                                                        Personalisation and Conversion.
     Portia Cheuk Wing Man            HAECO Americas                                                                                                                   has been appointed Project
     joined Learning & Development                                                                                                                                     Zenith Manager.
     Department as Senior             Doug Rasmussen
     Consultant.                      has been appointed President
                                      and Group Director, Cabin                                                                         Digital                        Engineering                      International Affairs
                                      Solutions.                                                                                        Portia Catherine Chan          John Brownen                     Maple Cheng Ying                   Peonie Lo Pok Yu
                                                                                                                                        has been retitled Digital      has been appointed Head of       has been retitled Head of          has been retitled Head
                                                                                                                                        Manager – Operations.          Hong Kong Operations.            Strategic Engagement.              of Regulatory Affairs –
     John Swire & Sons (H.K.) Ltd.
                                                                                                                                                                                                                                           International.
     Tina Chan Teing Teing            Sharon Lam Hiu Man             Joey Lau Shuk Ki                 May Ng Yee Chun
     joined Swire Trust as Head of    joined Staff Director’s        joined Sustainable Development   joined Group Internal Audit
                                                                                                      Department as Auditor.            People                         Procurement and Aircraft
     Philanthropy.                    Department as Recruitment      Department as Assistant
                                                                                                                                                                       Trading
                                      Specialist.                    Manager – Sustainable
                                                                                                      Patrick Wong Cheuk Lun            Catherine Sin
     Ryan Fung Chi Wing
                                                                     Development.
                                                                                                      joined Staff Department as
                                                                                                                                        has been appointed Learning    Glenn Hodgson
     joined Staff Director’s
                                                                                                                                        Manager – Planning &           has been appointed Head of
     Department as HRIS Specialist.                                                                   Manager – Personnel.
                                                                                                                                        Operations.                    Procurement – Powerplants and
                                                                                                                                                                       Engineering Services.
     Swire (Beijing) Management
     Consultancy Ltd.                                                                                                                   Service Delivery                                                                                   Strategic Transformation
     Mia Wu Liuqing                                                                                                                     Samantha Ngai Ka Hay           Maggie Wong Yu Ling              Jennifer Zheng Yue                 Matthew Choi Wan Hei
     joined Group Risk Management                                                                                                       has been appointed Assistant   has been retitled Head of Hong   has been retitled Future Airport   has been retitled Strategic
     Department as Risk                                                                                                                 Manager Inflight Customer      Kong International Airport.      Experience Manager.                Transformation Commercial
     Management Supervisor –                                                                                                            Service Delivery – Premium                                                                         Manager.
     China.                                                                                                                             Cabin.

     Promotions, Transfers & Title Changes
                                                                                                                                        Outports
                                                                                                                                                                       SOUTH ASIA, MIDDLE
                                                                                                                                        CHINA                          EAST & AFRICA                    SOUTH EAST ASIA                    UK & EUROPE

     Asia Miles Ltd.                                                                                                                    Clement Lau Kai Lam            Jonathan Ng Kai Chung            Kennedy Chung Man Kit              Justin Chang Pei Yan
                                                                                                                                        has been appointed Area        has been appointed Country       has been appointed Port            has been appointed Country
     Sabrina Lau Cheuk Ling           Rose Wei Ran                   Leo Yeung Kin Lai                                                  Manager – Northern China.      Manager Middle East.             Manager Penang.                    Manager Benelux & Scandinavia.
     has been retitled Loyalty        has been retitled Market       has been appointed Strategic
     Optimisation & Corporate         Development & Airline          & Programme Development                                                                                                            Lance Kwong Cho Yeung
     Planning Head.                   Partnership Manager.           Manager.                                                                                                                           has been appointed Country
                                                                                                                                                                                                        Manager Vietnam.

     Cathay Pacific Airways Ltd.
     Commercial
     Jason Choi Tung Chun             Parthenia Lai Hiu Yan          Corinna Leung Mio Chun           Selina Miao Miao
     has been appointed Passenger     has been retitled Revenue      has been appointed Lean          has been retitled Head
     Network Manager.                 Management Operations          Programme Manager – Lean         of Revenue Management
                                      Manager.                       Academy.                         Operations.
     Preston Hung Faan Yan
     has been appointed Head of       Kenneth Lee                    Rain Luo Jiaying                 Jenna Yu Wei
     Revenue Management Strategy      has been appointed Head of     has been appointed Assistant     has been appointed Online Sales
     and Systems.                     Distribution Strategy.         Manager Sales Development –      Manager HK and PRD.
                                                                     Commercial Sales Tools.

22                                                                                                                                                                                                                                     January 2018   SWIRENEWS              23
PEOPLE                                                                                                                                                                                                                                                                      PEOPLE

     Chongqing New Qinyuan            HAECO Group                                                                                        Swire Cold Chain Logistics           Swire Cold Chain Logistics         Swire Cold Storage Vietnam Ltd.
     Bakery Co. Ltd.                                                                                                                     (Nanjing) Co. Ltd.                   (Shanghai) Co. Ltd.                                                    Truong Thi Le Hang
                                      HAECO Hong Kong                   HAECO ITM                         HAECO Xiamen                                                                                           Tran Man Khanh
     Kira Li Biqi                                                                                                                        Kobe Chen Xianzhe                    Peter Lee                          has been appointed Warehouse        has been appointed Customer
                                      Thomas Chan                       M H Tang                          Alan Yu Cheuk Hung                                                                                                                         Service Manager.
     has been appointed Business                                                                                                         has been appointed Acting Site       of Swire Pacific Trading &         Manager.
                                      has been appointed Technical      has been appointed Manager        has been appointed Project
     Development Manager.                                                                                                                Manager.                             Industrial Group – Swire Pacific
                                      Training Manager (Training        (Repair Management).              Manager.
                                                                                                                                                                              Cold Storage has been seconded
                                      Services & Trainees).
                                                                                                                                                                              to Swire Cold Chain Logistics
                                      Patrick Wong                                                                                                                            (Shanghai) Co. Ltd. as Director
                                      has been appointed Executive                                                                                                            and Deputy General Manager.
                                      General Manager, Line Services.

                                                                                                                                         Swire Foods Holdings Ltd.            Swire Guangdong Coca-Cola          Swire Pacific Offshore
     Hong Kong Dragon Airlines Ltd.                                                                                                                                           Ltd.
                                                                                                                                         Nelson Law Yat Keung                                                    SINGAPORE
     Outports                                                                                                                            has been retitled General            Samuel Hart
                                                                                                                                                                                                                 Timothy Haughton
     CHINA                                                                                                                               Manager – Group Supply Chain.        has been appointed Immediate
                                                                                                                                                                                                                 has been appointed Assistant
                                                                                                                                                                              Consumption Executive.
     Charles Chan Chung Wah           Stanley Lee Sai Hang              Andre Sin Wai Chung                                                                                                                      Manager, Marine Services.
     has been appointed Port          has been retitled Port Manager    has been appointed Port
     Manager Chongqing.               Zhengzhou.                        Manager Qingdao.                                                 Swire Properties Ltd.
     Gary Chui Yu Hin                 Tracey Ma Ki Lam                  Mickey Yip Cheuk Man                                             BEIJING                                                                 CHENGDU
     has been appointed Business      has been appointed Port           has been retitled Port Manager
     Development and Marketing        Manager Nanjing.                  Hangzhou.                                                        Taikoo Li Sanlitun                                                      Eileen Chen Menglin
                                                                                                                                                                                                                 has been retitled Portfolio
     Manager – PRD.                                                                                                                      Anna Chen Xiaoying                   Irisa Lam Yan Tung
                                                                                                                                                                                                                 Manager.
                                                                                                                                         has been retitled Assistant          has been retitled Senior
                                                                                                                                         Director – Portfolio                 Portfolio Officer.
     Hongkong United Dockyards        International Automobiles Ltd.    John Swire & Sons (China) Ltd.
                                                                                                                                         Management.
     Ltd.
                                      Alsace Cheng Yan Yu               Nicolas Zhai Yue
     Jacky Yuen Jing Kiu              has been appointed Assistant      has been appointed Manager –
                                                                                                                                         GUANGZHOU
     has been appointed Engineering   Sales Project Manager.            Hong Kong & Pearl River Delta.
     Project Manager.                                                                                                                    TaiKoo Hui
                                                                                                                                         Lincoln Feng Chuan                   Jessica Huang
     John Swire & Sons (H.K.) Ltd.                                                                        Supreme Motors Ltd.            has been retitled Portfolio          has been appointed General
     Chow Ka Ho                       Andrea Chu On Yee                 Patricia Lam Ka Fan               Judy Yeung Hiu Ching           Manager.                             Manager, TaiKoo Hui.
     has been appointed Chauffeur.    has been appointed Finance        has been appointed Executive      has been appointed Assistant
                                      Manager, Ethos International      Assistant to Development          Manager.                       HONG KONG
                                      Ltd. & Swire Trust.               Director of Swire Pacific Ltd.
                                                                                                                                         blueprint                            Digital Marketing                  Finance                             Marketing & Communications

     Swire BCD Co. Ltd.                                                 Swire Beverages                                                  Anezka Chan Hiu Tung                 Peter Wu                           Crystal Chan Kan To                 Eleanor Walter
                                                                                                                                         has been appointed New               has been appointed Digital         has been appointed Accounts         has been appointed Customer
     SHANGHAI                                                           Sheila Hsu                                                       Ventures Analyst.                    Officer.                           Supervisor.                         Relationship Management
                                                                        has been appointed General                                                                                                                                                   Officer.
     Mote Pooley                      Alexander Style
                                                                        Manager, Corporate
     has been appointed Senior        has been appointed Assistant
                                                                        Communications.
     Manager, Innovation &            Manager, Channel Development.                                                                      Portfolio Management                                                    Residential
     Commercialisation.
                                                                                                                                         Fioni Cheung Ka Hei                  Eugenia Lee Hoi Kei                Amy Yiu Man Sze
                                                                                                                                         has been retitled Senior             has been appointed Portfolio       has been retitled Senior Sales
     Swire Coca-Cola Beverages        Swire Coca-Cola Beverages         Swire Coca-Cola Beverages                                        Property Officer (CGMO).             Manager (CPMO).                    Officer.
     Hefei Ltd.                       Jiangsu Ltd.                      Zhejiang Ltd.
     Yiteng Hu                        Ashley Yang Xu                    Jamie Morrison
     has been appointed Sales         has been appointed Sales          has been appointed Full Service                                  The China Navigation Co. Pte. Ltd.
     Representative.                  Representative.                   Vending Manager.                                                 MIAMI                                SAN RAFAEL                         TOKYO

                                                                                                                                         Anna Szczerkowska                    Antony Riley                       Nicholas Schoepfer
                                                                                                                                         has been appointed Assistant         has been appointed Assistant       has been appointed Assistant
                                                                                                                                         Chartering Manager.                  Chartering Manager.                Trade Manager of Ben Line
                                                                                                                                                                                                                 Agencies (Japan) Ltd.

24                                                                                                                                                                                                                                                January 2018   SWIRENEWS         25
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