Web table 29.

The top 100 non-financial TNCs from developing and transition economies, ranked by foreign assets, 2010

(Millions of dollars and number of employees)

Ranking by:
Foreign
assets

Assets
Foreign

Sales

Total

Foreign

Employment
Total

Foreign d

Total

TNI
(Per cent)

TNI b

Corporation

Home economy

Industry c

15

Hutchison Whampoa Limited

Hong Kong, China

Diversified

75 447

92 762

21 053

26 924

198 707

240 000

80.8

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

86
53
16
80
75
48
26
63
54
44
25
18
49
58
89
3
21
94
30
24
45
100
42
12
22
90
43
4
72
29
2
62
64
20
47
70
92
55
9

CITIC Group
Vale SA
Cemex S.A.B. de C.V.
Petronas - Petroliam Nasional Bhd
Hyundai Motor Company
China Ocean Shipping (Group) Company e
Singapore Telecommunications Ltd
Lukoil OAO
Amrica Mvil SAB de CV
Hon Hai Precision Industries
Tata Steel Ltd
Qatar Telecom
Samsung Electronics Co., Ltd.
Jardine Matheson Holdings Ltd
Formosa Plastics Group
Noble Group Ltd
Wilmar International Limited
Petroleo Brasileiro SA
Abu Dhabi National Energy Co PJSC
MTN Group Ltd
Gerdau SA
China National Petroleum Corporation
Tata Motors Ltd
Zain
Genting Bhd
Petrleos de Venezuela SA
CapitaLand Ltd
Flextronics International Ltd
New World Development Ltd
Hindalco Industries Ltd
First Pacific Company Ltd
Sinochem Group
CLP Holdings Ltd
Axiata Group Bhd
DP World Limited
Fomento Economico Mexicano SAB
POSCO
Evraz Group SA
China Resources Enterprises Ltd

China
Brazil
Mexico
Malaysia
Korea, Republic of
China
Singapore
Russian Federation
Mexico
Taiwan Province of China
India
Qatar
Korea, Republic of
Hong Kong, China
Taiwan Province of China
Hong Kong, China
Singapore
Brazil
United Arab Emirates
South Africa
Brazil
China
India
Kuwait
Malaysia
Venezuela, Bolivarian Republic
of
Singapore
Singapore
Hong Kong, China
India
Hong Kong, China
China
Hong Kong, China
Malaysia
United Arab Emirates
Mexico
Korea, Republic of
Russian Federation
Hong Kong, China

Diversified
Mining & quarrying
Non-metallic mineral products
Petroleum expl./ref./distr.
Motor vehicles
Transport and storage
Telecommunications
Petroleum and natural gas
Telecommunications
Electrical & electronic equipment
Metal and metal products
Telecommunications
Electrical & electronic equipment
Diversified
Chemicals
Wholesale trade
Food, beverages and tobacco
Petroleum expl./ref./distr.
Utilities (Electricity, gas and water)
Telecommunications
Metal and metal products
Petroleum expl./ref./distr.
Automobile
Telecommunications
Other consumer services
Petroleum expl./ref./distr.
Construction and real estate
Electrical & electronic equipment
Diversified
Diversified
Electrical & electronic equipment
Petroleum expl./ref./distr.
Utilities (Electricity, gas and water)
Telecommunications
Transport and storage
Food, beverages and tobacco
Metal and metal products
Metal and metal products
Petroleum expl./ref./distr.

53 251
49 176
36 416
35 511
32 558
28 092
25 877
23 317
22 300
19 465
18 913
18 882
18 075
18 053
17 373
17 287
17 280
16 170
15 965
15 352
14 766
14 152
12 585
12 210
11 938
11 823
11 748
11 539
10 966
10 849
10 639
10 321
10 262
10 205
10 042
10 004
9 393
9 356
9 346

383 375
129 139
41 684
145 099
104 052
36 287
31 134
84 017
70 947
47 327
30 343
27 857
118 337
48 076
102 696
17 338
33 969
308 683
31 602
23 341
25 576
397 100
22 685
13 221
15 896
151 765
24 622
11 633
25 755
18 897
10 914
31 928
23 070
12 356
19 360
18 093
59 875
17 601
11 499

13 854
38 331
10 771
31 563
49 342
18 354
8 759
71 631
27 281
32 739
19 301
6 011
111 394
9 609
13 624
56 673
22 934
39 660
3 694
9 845
9 296
6 744
16 931
3 513
2 539
41 576
1 600
28 102
1 502
12 179
4 640
38 274
3 620
2 741
1 447
5 119
10 757
8 702
10 219

38 978
46 481
14 107
76 822
97 391
27 908
13 563
86 078
48 105
102 574
26 064
7 467
133 756
30 053
75 010
56 696
30 378
150 852
5 827
15 665
17 845
254 182
27 025
4 716
4 703
95 242
2 481
28 680
3 899
15 820
4 640
49 529
7 518
4 849
3 189
13 430
52 452
13 394
11 163

25 285
15 573
34 900
8 325
23 724
4 023
10 417
19 607
77 141
789 051
46 339
1 495
94 802
178 000
23 558
7 701
85 705
7 893
2 161
23 253
18 713
29 931
22 226
5 541
32 352
6 098
3 093
171 901
17 262
11 103
70 083
7 443
1 847
21 250
15 561
40 012
5 264
24 251
162 450

125 215
70 785
46 533
41 628
103 909
71 105
23 000
130 000
148 058
935 000
81 251
1 900
190 464
270 000
99 332
8 000
88 000
80 492
2 800
34 588
41 290
1 587 900
52 244
6 000
43 077
99 867
6 482
176 000
55 000
19 341
70 121
43 780
6 075
25 000
30 000
177 470
33 557
110 231
171 000

23.2
47.5
79.6
28.5
34.9
49.6
64.3
42.0
46.7
52.5
64.5
75.7
49.4
45.1
19.6
98.6
74.6
13.8
63.7
65.3
51.7
2.7
53.6
86.4
68.1
19.2
53.3
98.3
37.5
63.9
99.1
42.2
41.0
74.7
49.7
38.7
17.3
46.7
89.3

41
42

57
71

Quanta Computer Inc

Severstal Group Holdings

Taiwan Province of China

Russian Federation

Electrical & electronic equipment

Metal and metal products

9 006
8 701

17 552
19 329

5 780
7 370

38 492
13 573

50 485
14 100

68 720
84 891

46.6
38.6

Web table 29. The top 100 non-financial TNCs from developing and transition economies, ranked by foreign assets, 2010

(Millions of dollars and number of employees)

Ranking by:
Foreign
assets

Assets
Foreign

Sales

Total

Foreign

Employment
Total

Foreign d

Total

TNI
(Per cent)

TNI b

Corporation

Home economy

Industry c

43

27

Naspers Ltd

South Africa

Other consumer services

8 342

10 284

1 399

4 598

12 924

15 932

64.2

44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82

98
7
95
32
13
31
81
78
6
96
93
65
79
8
68
36
61
37
17
50
39
38
46
23
28
59
74
73
40
84
99
35
41
97
33
76
83
77
5

China National Offshore Oil Corp

Shangri-La Asia Ltd
Sun Hung Kai Properties Ltd
Orascom Telecom Holding SAE
Li & Fung Ltd
Ternium SA
VimpelCom Ltd
Sasol Limited
Pou Chen Corp
Sistema JSFC
Oil and Natural Gas Corp Ltd
Swire Pacific Ltd
Mechel OAO
Yue Yuen Industrial Holdings Ltd
Gold Fields Ltd
Medi-Clinic Corp Ltd
Lenovo Group Ltd
Steinhoff International Holdings Ltd
Acer Inc
Grupo Bimbo SAB de CV
Fraser and Neave Ltd
Tata Consultancy Services
Netcare Ltd
Suzlon Energy Ltd
Sappi Ltd
Sime Darby Bhd
Rusal
MMC Norilsk Nickel
Advanced Semiconductor Engineering Inc
Taiwan Semiconductor Manufacturing Co Ltd
China Railway Construction Corporation Ltd
Wistron Corp
City Developments Ltd
China Minmetals Corp
ASUSTeK Computer Inc
Keppel Corp Ltd
Compal Electronics Inc
ZTE Corp
Galaxy Entertainment Group Ltd

China
Hong Kong, China
Hong Kong, China
Egypt
Hong Kong, China
Argentina
Russian Federation
South Africa
Taiwan Province of China
Russian Federation
India
Hong Kong, China
Russian Federation
Hong Kong, China
South Africa
South Africa
China
South Africa
Taiwan Province of China
Mexico
Singapore
India
South Africa
India
South Africa
Malaysia
Russian Federation
Russian Federation
Taiwan Province of China
Taiwan Province of China
China
Taiwan Province of China
Singapore
China
Taiwan Province of China
Singapore
Taiwan Province of China
China
Hong Kong, China

Petroleum expl./ref./distr.
Other consumer services
Other services
Telecommunications
Wholesale trade
Metal and metal products
Telecommunications
Chemicals
Other consumer goods
Telecommunications
Petroleum expl./ref./distr.
Business services
Metal and metal products
Other consumer goods
Metal and metal products
Other consumer services
Electrical & electronic equipment
Other consumer goods
Electrical & electronic equipment
Food, beverages and tobacco
Food, beverages and tobacco
Other services
Other consumer services
Diversified
Wood and paper products
Diversified
Metal and metal products
Metal and metal products
Electrical & electronic equipment
Electrical & electronic equipment
Construction
Other equipments goods
Other consumer services
Metal and metal products
Electrical & electronic equipment
Transport and storage
Other consumer goods
Other consumer goods
Other consumer services

8 161
8 140
8 090
7 458
7 441
7 365
7 123
7 012
6 645
6 151
6 119
5 849
5 768
5 618
5 497
5 465
5 436
5 355
5 231
5 131
5 083
5 058
5 042
4 563
4 514
4 493
4 483
4 166
4 113
4 100
3 916
3 888
3 845
3 738
3 673
3 546
3 360
3 189
3 141

93 192
8 539
45 366
9 980
9 525
11 112
19 928
20 482
7 092
44 109
34 635
34 803
15 776
5 725
8 945
6 410
10 706
7 484
9 616
7 964
10 273
7 335
6 374
6 544
7 184
11 536
26 525
23 909
7 135
24 646
52 876
7 462
10 969
30 015
6 956
16 296
11 424
12 911
3 240

8 365
1 331
148
3 432
15 343
4 324
2 398
7 937
6 277
2 983
4 070
2 016
4 927
4 487
2 064
1 389
11 579
3 609
20 119
4 913
2 579
7 368
1 334
2 496
4 706
6 526
8 696
11 713
3 241
7 599
3 319
15 113
976
5 978
10 995
1 853
864
5 623
2 379

52 400
1 575
4 285
3 825
15 975
7 382
10 513
16 108
6 610
28 098
27 903
3 759
9 746
5 788
4 159
2 589
21 594
6 330
21 528
9 272
4 034
8 192
3 017
3 924
6 572
9 711
10 979
12 775
6 459
14 358
67 403
21 054
2 295
37 354
14 709
7 395
30 356
10 378
2 479

3 334
26 408
5 707
3 319
22 293
10 512
9 966
5 355
322 806
18 563
3 949
35 554
9 149
333 643
3 278
7 595
6 247
17 802
6 546
32 663
8 412
10 475
9 209
9 064
8 960
25 432
8 932
2 307
26 520
3 342
22 376
28 475
16 576
6 271
6 035
20 453
31 292
20 000
7 385

97 767
27 700
32 000
14 839
26 766
15 928
42 025
33 339
344 528
135 000
33 273
70 265
88 146
340 000
46 740
21 183
27 039
41 400
7 757
106 333
17 000
160 429
30 096
13 000
15 586
100 000
72 383
82 724
48 901
33 232
229 070
50 733
19 668
114 584
10 318
36 718
63 251
85 232
7 700

9.4
91.7
13.0
62.3
85.8
63.6
27.4
33.2
94.1
12.8
14.7
40.4
32.5
91.3
39.4
58.3
42.5
57.2
77.4
49.4
54.3
55.1
51.3
67.7
64.0
43.9
36.1
37.3
54.0
26.5
7.4
60.0
54.0
11.3
62.0
34.2
27.2
34.1
96.3

83
84

91
66

Mobile TeleSystems OJSC

Enka Insaat ve Sanayi AS

Russian Federation
Turkey

Telecommunications
Construction and real estate

3 120
3 114

14 478
7 136

1 906
1 339

11 293
4 701

6 385
6 984

39 911
14 806

18.1
39.8

Web table 29. The top 100 non-financial TNCs from developing and transition economies, ranked by foreign assets, 2010

(Millions of dollars and number of employees)

Ranking by:
Foreign
assets

Assets
Foreign

Sales

Total

Foreign

Employment
Total

Corporation

Home economy

Industry c

85

14

Cheng Shin Rubber Industry Co

Taiwan Province of China

Chemicals

3 010

3 682

2 881

3 421

22 963

29 779

81.0

86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

88
34
1
87
10
60
69
56
52
11
82
85
19
51
67

Reliance Communications Ltd

TPV Technology Limited
Lee & Man Paper Manufacturing Ltd
Turkcell Iletisim Hizmetleri AS
Esprit Holdings Ltd
United Microelectronics Corp
Sembcorp Industries Limited
National Industries Group Holdings SAK
Neptune Orient Lines Ltd
Skyworth Digital Holdings Ltd
TMK OAO
Doosan Corp
Techtronic Industries Co Ltd
Agility Public Warehousing Company
Tata Chemicals Ltd

India
Hong Kong, China
Hong Kong, China
Turkey
Hong Kong, China
Taiwan Province of China
Singapore
Kuwait
Singapore
Hong Kong, China
Russian Federation
Korea, Republic of
Hong Kong, China
Kuwait
India

Telecommunications
Wholesale trade
Wood and paper products
Telecommunications
Other consumer goods
Electrical & electronic equipment
Utilities (Electricity, gas and water)
Diversified
Transport and storage
Electrical & electronic equipment
Metal and metal products
Diversified
Other equipments goods
Construction and real estate
Chemicals

3 000
2 985
2 956
2 952
2 905
2 734
2 585
2 494
2 444
2 396
2 383
2 308
2 227
2 168
2 020

21 214
5 127
2 964
9 794
3 169
9 629
8 459
5 824
6 451
2 399
6 862
28 359
3 277
5 326
3 443

1 674
8 043
1 805
460
4 263
2 704
3 326
197
7 210
3 045
2 093
8 868
3 187
3 712
668

4 923
11 632
1 805
5 991
4 352
4 327
6 427
342
9 422
3 130
5 579
19 934
3 396
5 626
2 391

3 968
21 815
7 383
3 371
10 857
5 044
4 561
1 594
3 532
14 763
4 855
7 949
11 527
8 954
1 479

28 065
37 473
7 400
11 183
14 100
13 671
13 415
4 000
11 257
23 300
48 941
36 400
18 440
22 000
4 645

20.8
61.9
99.8
22.7
88.9
42.6
38.8
46.7
48.6
86.8
27.4
24.8
74.8
49.1
39.5

Source: UNCTAD.
All data are based on the companies' annual reports unless otherwise stated; corresponds to the financial year from 1 April 2010 to 31 March 2011.
TNI, the Transnationality Index, is calculated as the average of the following three ratios: foreign assets to total assets, foreign sales to total sales and foreign employment to total employment.
c
Industry classification for companies follows the United States Standard Industrial Classification as used by the United States Securities and Exchange Commission (SEC).
d
In a number of cases foreign employment data were calculated by applying the share of foreign employment in total employment of the previous year to total employment of 2010.
e
In lieu of 2010 figures, 2009 data have been used.
a
b

Foreign d

Total

TNI
(Per cent)

TNI b