Max Myanmar Group of Companies
Native name |
မက်စ်မြန်မာကုမ္ပဏီအုပ်စု |
|---|---|
| Industry | Conglomerate |
| Predecessor | Max Myanmar’s Trading Company |
| Founded | 1993 |
| Founder | Zaw Zaw |
| Headquarters | Yangon, Myanmar |
Key people |
Zaw Zaw |
| Products | Cement and rubbers |
| Services | Banking, Hotel, Construction, Manufacturing, Petroleum, Gems and jewellery, Trading, Services |
| Subsidiaries | Ayeyarwady Bank |
| Website |
www |
Max Myanmar Group of Companies (Burmese: မက်စ်မြန်မာကုမ္ပဏီအုပ်စု) is a Burmese company, known for its ties to the Burmese military owned by a local tycoon, Zaw Zaw.
The Max Myanmar Group of Companies was originally established as Max Myanmar Co., Ltd. in 1993. It started operation by importing buses from Japan, simultaneously followed by import of generators and earth-moving equipment and machinery. The company has since diversified its portfolio through connections to military officials, to include not only import-export, but also construction, hospitality and tourism, manufacturing, banking services and gems mining. Through an aggressive growth strategy, the Company steadily expanded and diversified into the fields of civil construction, mechanical engineering, transportation, hotel, rubber plantations and banking industry.
The company was involved in the construction of Naypyidaw, Burma's new capital. It built and operates Royal Kumudra Hotel. Max Myanmar also constructed Zabudipa Stadium for the 2013 Southeast Asian Games, to be held in Naypyidaw.
Max Myanmar is also involved in a $120 million USD infrastructure project, the Kaladan Multi-Modal Transit Transport Project, with Essar Group, an Indian firm. The project will link the landlocked Indian state of Mizoram to Sittwe in Burma's Rakhine State and allow cargo vessels to travel along the Kaladan River.
On 23 March 2008, Max Myanmar launched Nay Pyi Taw Taxi and Car Rental Service, a metered taxi service, to Naypyidaw.
In 2010, Max Myanmar acquired a 60% share (worth K 5 billion) in the development of Pyay Towers (a high-rise complex that will include a shopping center, offices and apartments).
In August 2010, Max Myanmar opened its private bank, Ayeyarwady Bank, with nationwide branches, after receiving a banking operation license from the Central Bank of Myanmar.
On 13 March 2011, 550 bedded Yankin Children's Hospital, which Max Myanmar redeveloped, equipped and furnished a former Ministry of Mining building at a cost of K9 billion (US$10 million), opened to help ease the strain on the city’s other paediatric facility.
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Wikipedia