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Hong Kong and China Gas Company
Hong Kong and China Gas Company

Energy / Natural gas

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Company Overview

General information about the Hong Kong and China Gas Company company
The Hong Kong and China Gas Company (now known as Towngas) is a leading utility company in Hong Kong. It was founded in 1862 as The Hong Kong and China Gas Company Limited, and is now listed on the Hong Kong Stock Exchange. Its main business is the production, distribution, and sale of gas in Hong Kong, mainland China, and Macau. The company also invests in energy-related businesses such as power plants, liquefied natural gas (LNG) terminals, and renewable energy projects.
Towngas has a diverse portfolio of services including supplying piped gas for cooking, water heating, and electricity generation. It also provides engineering, construction, and maintenance services for gas distribution systems and energy-related projects. The company has a strong commitment to sustainability and has implemented various initiatives to promote green energy and reduce its carbon footprint.
In addition to its core business of providing gas services, Towngas has expanded into other areas such as telecommunications and property development. The company also has a significant presence in the energy industry in mainland China, with operations in 23 provinces and regions.
Towngas has received numerous awards and accolades for its business performance, innovation, and sustainability efforts. It has also been recognized for its commitment to corporate social responsibility, including its efforts in promoting clean energy and supporting local communities.
As of 2021, the company's major shareholders include Henderson Land Development Company Limited and The Wharf (Holdings) Limited. Towngas continues to grow and expand its business, while also maintaining its position as a leader in the energy industry in Hong Kong and China.
What is special about the Hong Kong and China Gas Company company?
1. Long history: Hong Kong and China Gas Company (HKCG) was founded in 1862, making it one of the oldest and most established gas companies in the world.
2. Market leader: HKCG is the largest public utility company in Hong Kong, providing gas services to over 85% of the city's population.
3. Diverse business portfolio: HKCG has diversified its business portfolio to include a wide range of energy-related businesses such as natural gas production, distribution, and marketing, as well as the development of renewable energy and other related businesses.
4. Expanding global presence: HKCG has expanded its business beyond its home market of Hong Kong and has operations in mainland China, Australia, and the United Kingdom.
5. Focus on sustainability: HKCG has a strong focus on sustainability and has implemented various initiatives to promote energy efficiency, reduce carbon emissions, and invest in renewable energy sources.
6. Quality and safety standards: HKCG is committed to providing safe and reliable gas services to its customers, and it has received several awards for its high-quality operations and safety standards.
7. Strong financial performance: HKCG has maintained a strong financial performance, with a steady increase in revenue and profits over the years.
8. Social responsibility: HKCG is actively involved in various social and community activities, including promoting environmental protection, supporting educational and cultural programs, and providing disaster relief.
9. Global recognition: HKCG has received numerous international awards and recognitions for its business excellence, including being ranked among the world's top 200 publicly-listed companies by Forbes.
10. Strong management team: HKCG has a team of experienced and dedicated professionals leading the company, ensuring its continued success and growth in the long term.

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