Profile: Hong Kong and China Gas Co Ltd (HOKCY.PK)
2 Jul 2015
The Hong Kong and China Gas Company Limited (Towngas), incorporated on October 14, 1982, is engaged in the production, distribution and marketing of gas; water supply, and energy businesses in Hong Kong and mainland China. The Company is also engaged in property development and investment activities in Hong Kong. The Company's subsidiaries include Quality Testing Services Limited, Summit Result Developments Limited, Towngas Enterprise Limited, Uticom Limited, Chaozhou Hong Kong and China Gas Company Limited, Danyang Hong Kong and China Gas Company Limited, Fengcheng Hong Kong and China Gas Company Limited, Guangzhou Dongyong Hong Kong & China Gas Limited and Guangzhou Hong Kong and China Gas Company Limited, among others.
The Company's business in Hong Kong consists of production and distribution of gas, marketing and sale of gas, the sale of gas appliances, as well as providing after-sales services. The Company has around 3,500 kilometers of gas pipeline network. The Company supplies town gas to around 1.76 million customers in the territory. In Hong Kong, town gas is produced at two production plants that include the Tai Po Plant and the Ma Tau Kok Plant.
The Company in mainland China has a portfolio of around 202 projects in 24 provinces, municipalities and autonomous regions. Its joint ventures include piped city-gas projects, upstream and midstream projects, water supply and wastewater treatment, natural gas filling stations, as well as new energy exploration and utilization.
The Company's wholly owned subsidiary, ECO Environmental Investments Limited (ECO), is engaged in new energy businesses. In Hong Kong, ECO operates liquefied petroleum gas (LPG) filling stations, landfill gas utilization projects and a permanent aviation fuel storage facility for the Hong Kong International Airport. In Asia, ECO operates an onshore oil field project in Thailand.
The Company through its wholly owned subsidiaries is also engaged in other businesses. U-Tech Engineering Company Limited (U-Tech), a wholly owned subsidiary of Towngas, provides a range of customer services, such as consultancy, construction and maintenance in various engineering projects. Towngas Telecommunications Company Limited, a wholly owned subsidiary of Towngas, provides telecommunication infrastructure services and network solutions for telecom carriers, service providers and corporations. Hong Kong and China Water Limited manages the Company's investments in the water business in mainland China. GH-Fusion Corporation Limited, a joint venture between Towngas and The Fusion Group of UK, manufactures polyethylene (PE) piping and fittings. P-Tech Engineering Company Limited (P-Tech), a wholly owned subsidiary of Towngas, provides a range of engineering services. G-Tech Piping System Company Limited, a wholly owned subsidiary of Towngas, provides solution and services in PE piping system, including PE pipes and fittings. S-Tech Technology Holding Limited (S-Tech), a wholly owned subsidiary of Towngas, is engaged in product development, solution implementation and system integration.
Hong Kong and China Gas Co Ltd
363 Java Road, North Point