Taikoo Sugar Refinery

Taikoo Sugar Refinery [1] was established by John Samuel Swire in June 1881 after a thorough investigation into the feasibility and openings for a new refinery in China.[2] His determination to build the largest and most up-to-date plant was initially stimulated by a period of intense rivalry with Jardine, Matheson & Co. who already owned a refinery. A site for the refinery was selected at Quarry Bay, Hong Kong and the capital for the venture was put up chiefly by John Samuel Swire himself, Holt's James Barrow, H J Butterfield, Messrs. Ismay and Imrie, W J Thompson and R N Dale.[3]

Management

John Swire & Sons were appointed Managers and Butterfield and Swire, Hong Kong, were responsible for the overall management and, as General Agents, for the purchase of raw sugars and the selling and distribution of the finished products. China was always the chief market but Australia, Japan and India were also important at different times.

Competition

The Taikoo Sugar Refinery (TSR) faced stiff competition from Jardine Matheson & Co. in its early years but, by the 1920s, the Japanese had become their greatest competitors. An up-country marketing system was established to counter this and to expand TSR markets in inland China, as well as efforts to widen the Far Eastern areas served by TSR.

1920 to 1945

The 1920s was a period of constant difficulties - a strike in 1923, poor markets in 1924 and a three-month boycott in 1925. 1925, however, also saw the expansion of the Taikoo Sugar Refinery into the largest single unit refinery in the world. In December 1941 Hong Kong fell to the Japanese and production was halted until the plant was returned to John Swire & Sons in the autumn of 1945.

Modern times

Taikoo's sugar refining activity appears to have ceased around 1970 and the company is now a major sugar importer.[4]

References
  1. The Archive of John Swire & Sons, including the papers of the Taikoo Sugar Refinery are held at the School of Oriental and African Studies, London: http://www.soas.ac.uk/library/archives/
  2. Marriner, S. & Hyde, F., 'The Senior' John Samuel Swire 1825- 1898 , (Liverpool University Press, 1967)
  3. Hyde, F., Blue Funnel. A History of Alfred Holt & Co. of Liverpool, 1865-1914 , (Liverpool University Press, 1956)
  4. "Swire Pacific Limited - About Swire Pacific > Business Activities". swirepacific.com. Archived from the original on 17 November 2011. Retrieved 4 February 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.