By the 1970s, it was no longer such a competitive and profitable organisation and its operations were scaled down. A purpose-built factory was completed on Tsing Yi island in 1991.
Although the Swire Group over five generations has always had its head office in England, it has interests throughout Asia and the South Pacific, as well as in North America and Australia. Its China Navigation Company began operations on the Yangtze River in 1872. In World War II, more than half of Swire's ships were lost. A dockyard (of which more later) was established in Hong Kong at the turn of the century.
The group, which adopts a relatively low profile, has about 28,000 employees in 1988, and is the second largest employer in Hong Kong after the Government. Its complement included, up to 1990, 78-year old Madame Ho Sau-King who had worked at Taikoo Sugar Limited since 1928.
In 1981 John Bremridge (later Sir John), Taipan of Swire's, became Government Financial Secretary for a term of five years. This was an unprecedented appointment as previous 'FSs' had been promoted through the ranks of the civil service. Like the son of the founder of Swire's, Sir John Bremridge writes and speaks to the point”.
The conglomeration of interests of this (still largely) family firm and private limited company includes an elite collection of Hong Kong enterprises. Swire's has a controlling interest in Cathay Pacific Airways, founded in 1948, as well as in HAECO aircraft maintenance company. Property is also big business and about 45 per cent of the group's net asset value is in bricks and mortar. Other interests include container terminals, technology, engineering, air catering, investment banking, travel and general trading. Sir Adrian and Sir John Swire have a family fortune estimated at HK$6.3 billion, and in 1989 Sir John was quoted by the Sunday Times Magazine as being Britain's 12th richest person, a position he held jointly with his brother.
Dodwell's
W.R. Adamson and Company (later, Adamson Bell and Company), the forerunner of Dodwell's, was founded as a result of the efforts of a group of Cheshire weavers who needed to increase supplies of