Page 43 - Forbes - Asia (September 2018)

The Fab 50

Huadong Medicine
YEARS ON LIST: 4
smelter at that site later that year. Altogether “It’s all about the size of the battery,” he says. CONSECUTIVE YEARS: 4
it’s spent $1.2 billion on its smelting plants in “Aluminum is the key to [lighter batteries].” INDUSTRY: PHARMACEUTICALS
SALES: $4.1 BIL
Sarawak, and their capacity of 760,000 tons By 2030 electric vehicles are expected to use MARKET CAP: $9.9 BIL
a year is the largest in Southeast Asia. Koon nearly 10 million tons of aluminum, a tenfold TOP EXECUTIVE: LI BANG-LIANG
says the location in Mukah makes Press Metal increase from last year, according to a report Inner Mongolia Yili Industrial 3
YEARS ON LIST: 3
one of only two aluminum producers facing by U.K.-based metal consultants CRU. hat
INDUSTRY: DAIRY PRODUCTS
the South China Sea, helping it secure a nearly will help Press Metal: It’s expected to produce SALES: $10 BIL
MARKET CAP: $23.6 BIL
15% market share in Japan, South Korea, $2.3 billion in revenue in 2020, with net proits
TOP EXECUTIVE: PAN GANG
Taiwan and Southeast Asia. nearly doubling to $270 million, according to
Jiangsu Hengrui Medicine Ì
But inding the right workers for its analysts polled by Bloomberg. INDUSTRY: PHARMACEUTICALS
smelters is “always a challenge,” says Koon. Koon has no immediate plans to retire, but SALES: $2 BIL
MARKET CAP: $37.5 BIL
“We worked with the government, uni- he has mulled over the question of whether TOP EXECUTIVE: SUN PIAO-YANG
versities and technical schools to develop the company should be led by family members
Logan Property 3
skilled workers. Sarawak is not known to be indeinitely, hinting at bringing in outside YEARS ON LIST: 2
INDUSTRY: PROPERTY DEVELOPMENT
SALES: $4.1 BIL
MARKET CAP: $7.0 BIL
TOP EXECUTIVE: KEI HOI PANG
Longi Green Energy
Technology Ì
INDUSTRY: SEMICONDUCTORS
SALES: $2.4 BIL
MARKET CAP: $5.3 BIL
TOP EXECUTIVE: LI ZHENGUO
Luxshare Precision Industry
YEARS ON LIST: 2
CONSECUTIVE YEARS: 2
INDUSTRY: OPTICAL TECHNOLOGY
SALES: $3.4 BIL
MARKET CAP: $11.2 BIL
TOP EXECUTIVE: WANG LAICHUN
Midea Group
YEARS ON LIST: 2
CONSECUTIVE YEARS: 2
INDUSTRY: HOUSEHOLD APPLIANCES
SALES: $35.6 BIL
MARKET CAP: $41.2 BIL
TOP EXECUTIVE: PAUL FANG
NetEase
YEARS ON LIST: 4
CONSECUTIVE YEARS: 4
“IF WE DIDN’T CHOOSE TO GO TO CHINA, INDUSTRY: INTERNET SERVICES
SALES: $8 BIL
WE WOULD HAVE GROWN AS A COMPANY TOP EXECUTIVE: WILLIAM DING LEI
MARKET CAP: $27.5 BIL
BUT CERTAINLY NOT AT THIS PACE.” Rongsheng Petrochemical Ì
INDUSTRY: CHEMICALS
SALES: $10.4 BIL
MARKET CAP: $10.7 BIL
a manufacturing place, and we needed to leadership in the future. “We have been, TOP EXECUTIVE: LI SHUIRONG
develop a lot of these skills.” traditionally, a family-run business, but this
S.F. Holding
One issue that hasn’t afected Press Metal, business has to be professionally run, so we YEARS ON LIST: 2
however, is U.S. President Donald Trump’s are hoping that we have this young breed of CONSECUTIVE YEARS: 2
INDUSTRY: COURIER SERVICES
10% tarifs on aluminum imports. “We don’t talent who can bring us new perspectives on SALES: $10.5 BIL
sell a lot to the U.S. because it’s very far,” he how to grow the company,” he says. “It cannot MARKET CAP: $26.6 BIL
TOP EXECUTIVE: WANG WEI
says. “Logistics costs in America are very high continue to be restrained just to a family-run
Shanghai Fosun Pharmaceutical
so it hasn’t been our major market. So the operation.”
YEARS ON LIST: 2
trade war doesn’t afect us directly.” In any event, he’s expecting the demand CONSECUTIVE YEARS: 2
he transportation industry is the biggest for aluminum to only grow: “Over the INDUSTRY: PHARMACEUTICALS
SALES: $2.7 BIL
driver of aluminum demand, along with last few years, we see aluminum replacing MARKET CAP: $11.4 BIL
construction, and Koon expects aluminum to other materials. To be greener, aluminum TOP EXECUTIVE: GUO GUANGCHANG
play a major role in the rise of electric vehicles. is the way.” F

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