Businessweek

Hutchison Whampoa Limited operates in the ports and related services; property and hotels; retail; energy, infrastructure, investments, and others; and telecommunications businesses. The company operates its businesses in 54 countries worldwide. Its operations consist of five businesses: ports and related services; property and hotels; retail; energy and infrastructure, finance and investments, and others; and telecommunications. Ports and Related Services The company is a privately owned container terminal operator, holding interests in 49 ports comprising 300 berths in 25 countries, including container terminals operating in six container ports worldwide. In 2008, the company’s ports handled a total throughput of 67.6 million twenty-foot equivalent units. The company also engages in mid-stream operations, river trade, cruise terminals operations and ports-related logistics services. The European port operations include Europe Container Terminals (ECT) in the Netherlands, the UK ports, Terminal Catalunya (TERCAT) in Spain, Gdynia Container Terminal (GCT) in Poland and the company’s interests in Amsterdam, the Netherlands and Taranto, Italy. The company acquired a 70% interest in Amsterdam Container Terminals (ACT), which is based in Amsterdam, the Netherlands and a joint-ownership of Taranto Container Terminal (TCTI) in Italy, in separate share-swap arrangements for minority equity interests in certain of existing European ports. ACT is an existing three-berth container terminal with a combined quay length of 1,015 metres. TCTI is an existing container terminal with a total quay length of 2,050 metres and a land area of 102 hectares. The operations include interests in three Shanghai area ports, Ningbo, Jiuzhou, Nanhai, Gaolan, Jiangmen, Shantou, Xiamen and Huizhou. Hutchison Delta Ports’ operations include six joint venture river and coastal ports in Jiuzhou, Nanhai, Gaolan, Jiangmen, Shantou and Xiamen. The Phase II development at Gaolan, Zhuhai, which comprises two 50,000-tonne container berths with a total quay length of 824 metres and a depth alongside of 15.8 metres, commenced trial operations in December. Property and Hotels The company develops and invests in real estate projects, ranging from landmark office buildings to luxury residential properties. It holds a rental portfolio of approximately 15.5 million square feet of office, commercial, industrial and residential premises, principally in Hong Kong, as well as interests in joint-venture developments in Mainland China and selective overseas markets. The company also has ownership interests in 12 hotels in Hong Kong, the Mainland and the Bahamas. The company’s various joint ventures in the Mainland and overseas hold a portfolio of investment properties totaling 9.6 million square feet, of which its share is 2.9 million square feet. Retail A S Watson, the company’s retail arm, is the health and beauty retailer with approximately 8,300 retail stores in 34 markets worldwide. Its diverse retail operations range from personal care, health and beauty chains, luxury perfumeries and cosmetics retailing to supermarkets, consumer electronics and electrical appliances retail chains and airport retail concessions. It also manufactures and distributes bottled water and beverage products in Hong Kong and the Mainland. The company’s retail businesses are managed under four principal operating divisions: Health and Beauty; Luxury Perfumeries and Cosmetics; Retail Hong Kong; and Manufacturing. The health and beauty retail chain stores consist of Superdrug and Savers in the UK; Kruidvat and Trekpleister in the Benelux countries; Rossmann in Poland, Germany, Hungary and the Czech Republic; Drogas in the Baltic States; Watsons in Asia and certain Eastern European countries; and Nuance-Watson in the Hong Kong and Singapore international airports. The luxury perfumeries and cosmetics division comprises the three Europe-based luxury perfumeries and cosmetics retail chains, Marionnaud, The Perfume Shop and ICI Paris XL. The Retail Hong Kong division consists of retail concepts in Hong Kong, being PARKnSHOP supermarkets, Watsons health and beau