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Taiwan Machine Tools | October 20, 2017

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Hon Hai 31st on Fortune 500 list of biggest firms

Hon Hai 31st on Fortune 500 list of biggest firms

TAIPEI — Hon Hai Precision Industry Co. (鴻海) moved up one notch to 31st on the 2015 Fortune 500 list of the largest companies in the world, while three other Taiwanese enterprises reentered the rankings this year.

In total, eight Taiwanese companies were included this year on the Fortune Global 500 list, which is compiled annually by American business magazine Fortune, ranking the world’s largest companies according to revenue.

Over the past decade, there have been major changes to the list of top 500 companies, with Chinese and other Asian enterprises making a stronger showing.

Among the 23 companies listed for the first time this year or reentering the rankings, 11 were Asian.

Hon Hai was ranked 31st, one place higher than last year, with revenue of US$139.04 billion.

Other Taiwanese Companies Listed in Fortune 500

The other Taiwanese companies that made it onto the 2015 Fortune 500 list included state-owned oil supplier CPC Corp. (中油) at 316th (US$37 billion), contract notebook PC makers Pegatron Corp. (和碩) at 355th (US$33.65 billion), Quanta Computer Inc. (廣達) at 389th (US$30.57 billion) and private gasoline supplier Formosa Petrochemical Corp. (台塑石油) at 393rd (US$30.13 billion).

The three Taiwanese companies that reentered the list this year were contract laptop maker Compal Electronics Inc. (仁寶) at 423rd, Cathay Life Insurance (國泰人壽) at 471st, and the world’s largest contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) at 472nd.

Wal-Mart Topped the List

American retail giant Wal-Mart Stores Inc. topped the list with revenue of US$485.65 billion, followed by China’s state-owned oil giant Sinopec Group (US$446.81 billion), Royal Dutch Shell (US$431.34 billion), China National Petroleum (US$428.62 billion), U.S.-based oil company Exxon Mobil (US$382.6 billion), British oil company BP (US$358.68 billion), China’s state-owned electricity utilities State Grid (US$339.43 billion), German car manufacturer Volkswagen (US$268.57 billion), Japanese automaker Toyota (US$247.7 billion), and Swiss commodities and mining company Glencore (US$221.07 billion).

Apple Inc. of the United States was listed 15th with revenue of US$182.8 billion, two places behind its major competitor Samsung Electronics of South Korea with revenue of US$195.85 billion.

List Dominated by US Companies

The Fortune 500 list was dominated by U.S. companies, which totaled 128; Chinese firms (98); and Japanese enterprises (54).

The world’s 500 largest companies generated US$31.2 trillion in revenues and US$1.7 trillion in profits in 2014, Fortune said.

“Together, this year’s Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries," the magazine said on its website.

Sourcing:http://www.chinapost.com.tw/taiwan/business/2015/07/24/441510/Hon-Hai.htm

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