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Htoo Group of Companies
The Htoo Group of Companies (HGC) is a Burmese holding company, with headquarters at 5 Pyay Road, Hlaing Township, Yangon, Myanmar. HGC is the parent company of Air Bagan, a privately held Burmese airline company. The company has several subsidiaries. Htoo Wood Products Company Ltd. is engaged in logging and export of timber (especially teak). Htoo Trading Company, is engaged in construction, property development, agriculture, transportation, shipping, mining, hotels and tourism operations. Htoo Trading Company and Asia World Company were the first two construction companies granted contracts to build the new national capital in Naypyidaw. Htoo Trading Company is Burma's top private exporter and fifth largest overall, with gross revenues of $65.1 million.
==History==
The forerunner of HGC was Htoo Company, established in 1958, by U Zaw Nyunt and Daw Htoo, the parents of Thida Zaw, Tay Za's wife. After the coup d'état by Ne Win's Burma Socialist Programme Party in 1962, Htoo Company was nationalized. However, its rice mills and saw mills continued to operate as a family business.〔(Tay Za: Keynote Speech on Third Anniversary of Air Bagan )〕
Htoo Trading Company was established in 1990, soon after the 1988 coup d'état led by General Saw Maung. At that time, the company was engaged in logging and timber exports in addition to its core rice milling and saw milling business. The company gradually gained access to large areas of virgin forest near the Burma-Thailand border. Htoo Trading Company was later reorganized into the Htoo Group of Companies (HGC) as a result of diversification into other business sectors, reinvestment and expansion.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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