Top 6 Largest Manufacturing Companies in Hong Kong
Hong Kong has long been recognized as a hub for international trade and commerce. As a result, it is home to some of the largest manufacturing companies in the ... read more...world. In this article, we will take a closer look at some of the largest manufacturing companies in Hong Kong.
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Lenovo Group Limited is a multinational technology company that designs, manufactures, and markets consumer electronics, personal computers, software, business solutions, and related services. The company's product portfolio includes desktop computers, laptops, tablet computers, smartphones, workstations, servers, supercomputers, data storage devices, IT management software, and smart televisions. Lenovo is known for its popular brands, such as ThinkPad, IdeaPad, Yoga, Legion, IdeaCentre, and ThinkCentre.
Founded in Beijing in 1984, Lenovo initially specialized in televisions but later shifted to the computer manufacturing and marketing industry. Since then, the company has become the market leader in China and has raised nearly $30 million in an initial public offering on the Hong Kong Stock Exchange. Lenovo has diversified its operations from the personal computer market and has made significant corporate acquisitions over the years, including most of IBM's personal computer and x86-based server businesses.
As one of the largest manufacturing companies in Hong Kong, Lenovo has a global presence, with operations in over 60 countries and sales in around 180 countries. The company is incorporated in Hong Kong, with global headquarters in Beijing and Morrisville, North Carolina. Lenovo has research centers in several countries, including Japan, Singapore, China, and the US, and also has a joint venture with NEC that produces personal computers for the Japanese market.
Founded: 1 November 1984
Headquarters: Quarry Bay, Hong Kong
Website: https://www.lenovo.com/hk/en/
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China Resources Pharmaceutical Group Limited (CR Pharmaceutical) is one of the top three integrated pharmaceutical companies specializing in R&D, manufacturing, distribution, and retail of medicines and nutraceutical products. Since going public, CR Pharmaceutical has been included in several important capital market indexes and ranked 63rd in the Fortune China 500 list in 2021.
CR Pharmaceutical has many subsidiaries, including CR Pharmaceutical Commercial Group, CR Sanjiu Medical & Pharmaceutical, CR Double-Crane Pharmaceutical, and more. In 2021, the company's revenue reached HK$236.806 billion, and the net profit reached HK$6.647 billion.
The company's pharmaceutical business ranks among the top three in the industry, with a business network covering the entire country. CR Pharmaceutical has established 330 subsidiaries and branches in 28 provinces and cities, operating a total of 208 modern logistics centers that provide highly specialized and efficient supply chain services for upstream and downstream customers. They also operate one of the largest retail pharmacy networks in China, including 211 DTP (direct-to-patient) specialized pharmacies.
CR Pharmaceutical is committed to "Protecting Human Health and Improving Quality of Life," and they plan to seize opportunities for developing and transforming China's healthcare industry. They aim to become a leader in the pharmaceutical and health industry, trusted by the public and driven by innovation. Overall, CR Pharmaceutical is a major player in the Chinese pharmaceutical industry, with a diverse range of products and services.
Founded: 1938
Headquarters: Wanchai, Hong Kong
Website: https://www.crpharm.com/EN/acp/au/ -
Geely Automobile Holdings Limited is an automobile manufacturer with a strong presence in the Chinese market. The company, listed on the Hong Kong Stock Exchange, focuses on the development, manufacturing, and sales of passenger vehicles. Geely has been expanding its sales beyond China through exports to other countries in recent years. The company has 9 manufacturing plants in China and a total annual production capacity of 1,620,000 units of vehicles per double shift as of 31 December 2022.
The company's portfolio includes 19 major vehicle models developed under 4 modular architectures, including the Lynk&Co vehicle models sold by the Group's 50%-owned joint venture. Geely has a significant distribution network in China with more than 1,014 dealers marketing the "Geely" brand vehicles, and the "Geometry" brand has more than 328 dealers in China. Zeekr, Lynk&Co JV, and Livan JV have their own marketing and distribution systems in China, serving customers through Zeekr Centres, Lynk&Co Centres, and independent distributor stores.
Geely is committed to developing smart hybrid vehicles and pure electric vehicles as part of its "Blue Geely Initiatives" and "Smart Geely 2025" strategy. The company has developed an advanced electronic and electrical architecture called GEEA2.0, which acts as a central nervous system for vehicles. The company aims to boost the Group's annual sales volume target of 3.65 million units of vehicles by 2025, and its total market capitalization was about US$12.7 billion as at 11 April 2023.
With a total workforce of 49,000 staff at the end of 2022 dedicated to fostering the Group's core strength in powertrain technologies, product quality, customer satisfaction, and supply chains, Geely is well-positioned to continue leading the global automotive industry. The company's commitment to innovation and sustainability, along with its strong distribution network and production capacity, make it a formidable player in the competitive automobile market.
Founded: 1986
Headquarters: Wanchai, Hong Kong
Website: http://www.geelyauto.com.hk/en/
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BSH Home Appliances Hong Kong is a globally recognized company that specializes in manufacturing home appliances. With over 41 factories worldwide, including Europe, the USA, Latin America, and Asia, the company employs 62,000 people. It offers both globally established appliance brands such as Bosch, Siemens, Gaggenau, and Neff, and eight local brands.
In 2021, BSH reached record sales of €15.6 billion, a testament to its success. The company is committed to sustainable manufacturing and has achieved carbon neutrality in its manufacturing processes. It invests heavily in research and development, with a focus on digital technologies, spending 4.9% of its revenue on R&D.
BSH offers consumers digital services and sustainable solutions to improve their daily lives through its Ecosystem Brand Home Connect and Service Brands such as Kitchen Stories and BlueMovement. As one of the largest manufacturing companies in Hong Kong, the company's product portfolio ranges from large home appliances to small home appliances, such as cooktops, ovens, extractor hoods, dishwashers, washers, dryers, fridges, freezers, vacuum cleaners, espresso machines, and small kitchen appliances.
The company's success is attributed to its employees, who are the basis for its success. BSH Home Appliances Hong Kong was founded in Germany in 1967 as a joint venture of Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich) and has been 100% owned by the Bosch Group since January 2015. Its unwavering focus on creating sustainable, consumer-centric products sets it apart in the home appliance industry.Founded: 1993
Headquarters: New Territories, Hong Kong
Website: https://www.bsh-group.hk/
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Tianneng Group, founded in 1986, is a large company in the international battery industry. It is dedicated to green and low-carbon application scenarios, providing energy products, system integration solutions, and comprehensive utilization and recycling of resources. With 36 years of experience, the company focuses on the power battery business of electric light vehicles, integrating R&D, production, and sales of various batteries, such as electric special vehicle power battery, new energy vehicle power battery, vehicle start-stop battery, energy storage battery, 3C battery, backup battery, and more. Tianneng has established 16 production bases in China and a global sales network, with over 100 domestic and foreign subsidiaries and more than 30,000 employees.
Tianneng's achievements in the industry are impressive, having participated in the formulation of over 150 national and industry standards, and it has won several honors, including China Grand Awards For Industry and National Manufacturing Individual Champion. Its comprehensive strength ranks 139th among the top 500 Chinese enterprises and 30th among the top 500 Chinese private enterprises.
The company's products include e-bikes, e-motorcycles/e-scooters, e-tricycles, floor cleaning/sweepers, golf carts, and low-speed electric vehicles. In 2007, Tianneng was listed on the main board of the Hong Kong Stock Exchange and was the first company in the industry to be listed on both A-share and H-share. In January 2021, it was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
To seize the new opportunities of digitalization and the trend of the "carbon peaking and carbon neutrality" era, Tianneng adheres to a three-wheel-driven development strategy of "industry + capital + science and technology" and strives to build a service-oriented and platform-oriented enterprise. It aims to provide a package of green and low-carbon energy system solutions for global consumers, industry and commerce, and public institutions.Founded: 1986
Headquarters: Wanchai, Hong Kong
Website: https://www.tiannengglobal.com/about/Company_Introduction.html
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TPV Technology Limited is a multinational electronics manufacturing company that specializes in the production of computer monitors, CRT and TFT LCD monitors, and LCD TVs. With its headquarters in Kwun Tong, Hong Kong, the company was founded in 1990 as Top Victory Electronics in China. TPV Technology is the largest manufacturer of computer monitors worldwide, with a 33% market share. The company designs produces and distributes its products globally and owns several brands such as AOC, Envision, and Philips for some of its products.
TPV Technology has a rich history of acquisitions, starting with part of Philips' monitor and entry-level flat-screen TV manufacturing business in 2005. It later acquired a business operation from Chi Mei Optoelectronics Corporation in 2008. In 2009, it established MMD (Multimedia Displays) through a brand license agreement with Philips, with the exclusive rights to market and sell Philips branded LCD monitors and displays worldwide.
In 2011, TPV Technology and Philips formed a television manufacturing joint venture, TP Vision, with TPV Technology owning 70% and Philips 30%. The creation of TP Vision was completed in 2012, and in 2014, TPV Technology announced an agreement with Philips to transfer the remaining 30% shares to TPV, making TP Vision a wholly-owned subsidiary of TPV Technology.
As one of the largest manufacturing companies in Hong Kong, TPV Technology's manufacturing capabilities are impressive, with a total production capacity of 6.1 million monitors per month. It has five factories in China, two in Brazil, one in Poland, and one in Russia, and sells its products worldwide.
Founded: 1990
Headquarters: Kwun Tong, Hong Kong
Website: https://www.tpv-tech.com/en/info.html