COMPANY PROFILE
AYEYAR HINTHAR HOLDINGS GROUP
Serving the Growth of Myanmar
Ayeyar Hinthar Holdings Group started in 2006 and was founded by
Zaw Win Shein. He was born and raised in the Ayeyarwaddy Delta
Region; Hinthada, which is Myanmar's main rice-producing region.
At the age of 16, after his matriculation, Zaw Win Shein worked
as an apprentice in his parents' agricultural products and rice
export business. He completed his first academic year in Chinese
Major at the University of Foreign Languages, Yangon, Myanmar,
at the age of 19.
In 2006, he founded the Seven Aluminium Company to supply
construction materials, aluminium fabrication and installation
works. At that time, Myanmar was short of construction materials
and quality aluminium fabrication.
In 2007, in order to promote his family-owned business,
Zaw Win Shein formed his first company, Ayeyar Hinthar Trading
Co., Ltd, exporting high-quality rice and other agricultural
products abroad. Thus, helping to increase and distribute
domestic products.
The Government in 2007 introduced the open market system
for rice export. This helped the growth of the export business
through Ayeyar Hinthar Trading Co., Ltd. As a result, within 3
years, Ayeyar Hinthar Trading Co. was the top three exporters of
rice in Myanmar.
Another trading company, Global Myanmar Trading Co. Ltd.,
was set up in 2009 to export other agricultural products such as
sugar, beans and pulses from Myanmar.
In 2010, the Government transformed the Vegetable Oil
Import Market into the Open Competitive Market for the import of
palm oil which is the same as the open market system for rice
export. With this change, the import business grew rapidly and
became one of the top 3 importers for vegetable oil within a
year.
Today, Ayeyar Hinthar Trading is the main exporter and
importer for rice and palm oil. It is a leading company within
Myanmar as well as in the region. The "Ayeyar" brand is
well-known in the market for good quality, affordability and
long-term sustainability agriculture products.
Under Zaw Win Shein's leadership, he is committed to
implement an all-inclusive economy. With this in mind, he has
launched strategic investments in sectors which are of great
importance for the rural and urban development of Myanmar.
Zaw Win Shein saw the need for healthcare services in
Myanmar and established the Victoria Hospital in 2011, from the
profit generated from the Rice Export, the Vegetable Oil Import
and the Aluminium Business. His aim is to provide high quality
healthcare services to the residents of Myanmar. Victoria
Hospital is a leading private hospital in Myanmar's health care
sector and is the first large private hospital to provide
one-stop service for most medical treatments in accordance with
international health care standards. His vision for the
healthcare services provides a tremendous boost to the business
growth.
To promote the rural and urban development in the
Ayeyarwady Region, Zaw Win Shein developed the Pathein
Industrial City in 2012 which is in line with international
standards and is the first industrial capital and international
port in Myanmar. It is being constructed on a 6,700-acre site.
This development has contributed to the communities in the
Region in terms of creating huge employment opportunities.
Zaw Win Shein saw the importance of linking the financial
and banking sector to the urban and rural economic corridor.
This led to the formation of the Ayeyarwaddy Farmers Development
Bank, known as "A Bank". It was founded in 2014 with the aim of
providing financing services to farmers as well as small and
medium enterprises.
'A' bank started as a regional bank to finance the
agriculture sector in the Ayeyarwaddy region & beyond. Today, it
has become one of the top ten leading banks in Myanmar.
With the growth of the Group's business in the various industry sectors,
it was timely to undertake a restructure exercise to consolidate them
into a Holdings entity. At the end of year 2014, the holding company,
Ayeyar Hinthar Holdings Co. Ltd, was incorporated.
Myanmar's economy boomed in 2015 in terms of the inflow of
foreign investments. Zaw Win Shein partnered with the Soil Build
Group – a Mainboard-listed company on the Singapore Stock
Exchange, for the development of high-end luxury residential
condominium project in Yangon – Rose Hill Condominium Project.
Zaw Win Shein is one of the new generation of Myanmar
business leaders, who is working with international partners to
achieve social and economic impact through the adoption of new
technologies and innovation.
In 2017, the Group launched the Y-Complex which is a
mixed-use development project in Yangon's prime area. This is a
joint venture with Fujita Corporation, Tokyo Tatemono and Japan
Oversea Investment Corporation (a Japanese Government entity).
The following year in 2018, Zaw Win Shein partnered with
the Electricite De France (EDF) Energy from France, the Marubeni
Corporation from Japan & the Ministry of Energy & Electricity
for 671 MW Hydropower Project in Shan State – Shweli 3 project.
Ayeyarwaddy International Industrial Port Co. Ltd. was
established in 2019 to develop the international port at Pathein
Industrial City. This is to facilitate the export of Ayeyarwaddy
region's agricultural products to international buyers. The
Project Designer for this port is Surbana Jurong, a Singapore
company.
Zaw Win Shein's contributions to Myanmar from the year he
started in 2006 helped Ayeyar Hinthar Group earn the award of
the top 10 tax payer recognition certificate. In fact, the Group
has always been in the list of top 50 tax payers.
