Thein Win Zaw
Birth: 2 February 1963
Source of wealth: Shwe Byain Phyu Group of Companies
Address: No.20, Shwe Pone Nyet Yeik Mon,Bayintnaung Road, Kamaryut Township, YANGON
Business: Petrol Stations, Mining, Gems and Jewelry, Logistics, Manufacturing, Trading
Thein Win Zaw founded Manaw Thitar in 1996, the first company to be founded under the umbrella of Shwe Byain Phyu (SBP) Group of companies. Today SBP is one of the top 10 companies in Myanmar in terms of tax contributions, with 20 years of business experience and a workforce of over 2,000 employees empowered by an excellent management team. Building on early success, SBP has expanded into nine subsidiaries.
“We welcome foreign joint ventures and all sorts of opportunities to grow stronger. Our vision is to become a public listed company and to become an international company by 2028.”
Thein Win Zaw, chairman and founder of Shwe Byain Phyu (SBP), is from Twante Township of Yangon Region. He finished his high school study in 1978- 79 and came to Yangon to continue into university, graduating in 1983-84 with a BSc. (Chemistry).
After graduating from university, he took part in trading of JV-6 under the management of Myanmar’s Ministry of Commerce. Soon after, he started distributing petroleum from the Ministry of Electricity and Energy. He first started his business under the name “Manaw Thidar”. With networks from the Ministry of Agriculture, Livestock and Irrigation and the Ministry of Commerce, he distributed petroleum imported from overseas.
Manaw Thitar was the first company to be founded under the umbrella of Shwe Byain Phyu (SBP) Group of companies in 1996. Manaw Thitar is led by founding Chairman Thein Win Zaw and his wife, as Managing Director, Tin Latt Min. Manaw Thitar, a trading company dealing in petroleum, commenced operations in Yangon by providing logistics services to Joint Corporation 6 (JC-6), with one barge and three tank trucks.
Shwe Byain Phyu was established in 2000, importing petroleum under the name of Myanmar Economic Holdings (MEHL), more widely known as Oo Paing in Myanmar. The agreement is that the profit shall be shared between both parties. SBP has been recognized as one of the market leaders in Myanmar.
In order to fulfill local demand of a steadily growing Myanmar petroleum market, Manaw Thidar, main foundation of Shwe Byain Phyu Group of companies, commenced operations in 1996 with other two companies in support. The group takes pride in being a pioneer in petroleum trading, working with suppliers from overseas to supply customers throughout Myanmar. SBP’s suppliers include Hin Leong, Vitol, CNPC, PUMA and Gunvor. SBP distributes various types of gasoil and MoGas (Octane). Over 20 years, they have imported 20,000-60,000 metric tons of petroleum products every month, based on demand.
In 2010, Myanmar Petroleum Products Enterprise (MPPE) started opening the sector to private companies by privatizing 216 state-owned petrol stations across the country. SBP have been entrusted with 16 petrol stations by the Ministry of Energy. To date, SBP have expanded to 29 petrol stations nationwide and built a wide network of retail stations and commercial businesses as a one-stop service to their customer base.
Together with their petroleum distribution business, Thein Win Zaw who has fishery experience, expanded the company into marine products’ export sector. This business serves as financial support to the petroleum import business. The company set up cold storage facilities and factories, later widening its marine product export networks to gain foreign incomes. Eastern Power International, a subsidiary of SBP, was established in 2002 with a pier for unloading, processing facilities for marine products and a 1,500 ton capacity cold storage room. The processed products are then exported to Singapore, Japan, Thailand, China, Bangladesh and the Middle East.
Thein Win Zaw found an opportunity to try gem exploration while doing petroleum distribution in Hpakant. At that time, very few companies were doing joint-partnership with the government for gem exploration. The government invited tenders for gem mines in 2006 and Shwe Byain Phyu won the tender. Thein Win Zaw formed a joint-partnership with the government and started gem exploration in Hpakant.
Later in 2009, he founded Theint Win Htet Manufacturing, specialising in PP plastic bag production. The bags are sold under the brand name “Thein Gabar”. The company’s factory has an output capacity of 100,000 bags per day. These are distributed throughout several states and divisions in Myanmar.