SUCCESSFUL industrialists should do more research and keep a close watch on environmental protection, says a winner of this year's Young Industrialist Award. Paul Cheung Kwok-wing, who has been in the chemical industry for about 20 years, said it could be safe and environment-friendly if well-managed. He said the public misunderstood the industry to be a dangerous one. He also said that while the territory could produce complicated electronic appliances, there was little investment in manufacturing basic materials, leaving manufacturers to depend on other countries, he said. Mr Cheung said his love of mixing chemicals had enabled him to build up his chemical company. Mr Cheung, one of nine Young Industrialist Award winners, said devotion to work was the key to his success. ''Success of a company is not the work of one person only, but the product of a group of experienced people,'' he said, adding that he had no plan to participate in other similar competitions in the future. ''I am not the type of person who is hungry for good reputation and big fortune. I applied for the award this time just to get to know different things.'' Joseph Li, the membership director of the Federation of Hong Kong Industries, agreed environmental protection research was gaining momentum in the territory. He said achievement in the field was a criterion for judging the candidates. Although Chau Tak-hay, the Secretary for Trade and Industry and the chairman of this year's judging panel, had complained about Hong Kong's failure in research and development a few months ago, Mr Li denied the quality of candidates was declining. The awards, now in their sixth year, were presented by Mr Chau.