Taikoo Dockyard’s facilities on Hong Kong Island had been outgrown by the advent of large modern container ships. Swire took the decision to amalgamate with rival Hongkong & Whampoa Dock Company, forming Hongkong United Dockyards (“HUD Group”), which established premises at Hong Kong’s new container port in Kwai Chung. In the same year, Taikoo Sugar closed its refinery to concentrate on sugar products and packaging; it remains Hong Kong’s favourite sugar brand.