1989-1999 Return to China
1989 A partnership with The Coca-Cola CompanyCategory: Beverages & Food Chain
The Coca-Cola Company invited Swire Beverages (now rebranded as Swire Coca-Cola) to be a partner in the return of Coca-Cola to Mainland China, after a near 40-year absence. Swire Beverages was granted several franchises and over the next decade, built production facilities and distribution systems in seven provinces, initially in partnership with CITIC, the Chinese Government's foreign investment arm.
1990 Reinvesting in ChinaCategory: Corporate, Aviation
The 1990s would see Swire begin to reinvest in Mainland China in a variety of sectors, in addition to its stake in soft drink production, as an anchor bottler in The Coca-Cola Company's China system. In 1990, the group acquired the majority shareholding in regional airline Hong Kong Dragon Airlines (now rebranded as Cathay Dragon), providing a major foothold in the growing aviation market in China.
1993 A new business hub on Hong Kong IslandCategory: Property
The first Grade A office tower at Taikoo Place was completed. Today, Taikoo Place, together with adjacent Cityplaza and Taikoo Shing, form an integrated residential, business and entertainment hub with 13 interconnected office towers and 61 residential blocks.
1994 Cathay Pacific acquires majority holding in Air Hong KongCategory: Corporate, Aviation
Cathay Pacific Airways acquired a majority shareholding in all-cargo airline Air Hong Kong.
1994 Expanding logistics interests in AustraliaCategory: Corporate, Trading & Industrial
Swire purchased Australian road haulage operator Kalari, which it has subsequently expanded to offer specialist bulk storage and distribution services nationwide.
1996 Strategic share restructuringCategory: Corporate, Aviation
Cathay Pacific Airways underwent a landmark share restructuring to increase the stake in the airline held by the Chinese government's commercial arm, CITIC. This deal was seen as vital to ensuring Cathay Pacific came through the 1997 handover of Hong Kong to China with its traffic rights and Swire management intact.
1996 HAECO expands to Mainland ChinaCategory: Aviation
Established by Hong Kong Aircraft Engineering Company, Taikoo (Xiamen) Aircraft Engineering Co. (today named “HAECO Xiamen”) opened for business with a single hangar and a workforce of less than 1,000. Today, HAECO Xiamen is one of Asia's largest aircraft maintenance facilities, operating from six hangars and employing over 4,600 staff.
Edward Scott (1939-2002) becomes Chairman of the Swire group.
1999 Exclusive automotive dealershipsCategory: Corporate, Trading & Industrial
Swire expanded its automotive trading interests with exclusive dealerships in Taiwan region for Volkswagen and Kia, some 20 years after acquiring the Volvo franchise in Taiwan region.