Myanmar Awba Group Company Limited (IFC-35880)

  • Myanmar
Geographic location where the impacts of the investment may be experienced.
Specific Location
Yangon's industrial zone
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Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 15, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank Feb 23, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Established in 1995, Myanmar Awba Group’s core business involves the importation, manufacturing, formulation, reformulation, blending and distribution of Crop Protection Products (CPP or agrochemicals, such as pesticides, fungicides and herbicides), fertilizers (urea and compound fertilizers – Nitrate, Phosphate, Potassium - NPK) and seeds. Active agrochemical ingredients are sourced from generic products in China, India and Thailand as products become off-patent while fertilizers are imported from China, Russia, Germany and South East Asia.

Besides its corporate headquarters located in Yangon, Awba’s operational footprint encompasses 5 modern production sites, namely Piti Pyae Zone (YIP 1, 2, 3) factories covering insecticide and herbicide repacking factories; foliar fertilizer and repacking factory and 4 finished goods warehouses, all located in Yangon Industrial Zone; three fertilizer blending and packaging factories, located in industrial zones named Ngwe Pin Lae, Shwe Lin Pan I and Shwe Lin Pan II, including a company-owned river jetty on Hlaing River and eight (8) warehouses. With the first ever (and still only) privately owned ISO 9001-2008 certified foliar fertilizer formulation and storage repacking plant (YIP) as well as steam granulation compound fertilizer plant and automatic bulk blending plant in Myanmar, and in the process of being certified ISO 14001 by June 2016, Awba is the market leader with innovative products and customized solutions. Awba’s distribution logistics and extension services is composed of a network of 47 company-owned sale depots, around 5,000 exclusive dealers/sub dealers and approximatively 10,000 selected key farmers. A fleet of small trucks (owned) and river barges (third-party contracted), and a specialized workforce of 1,000 agronomists providing continuous technical assistance for responsible use of agro-chemicals and fertilizers to farmers to enhance crop yields (one-stop shop service provider) complete Awba’s operations. Awba’s overall farmer reach is estimated at 3 million smallholders, each cultivating from 1-3 ha, across the country through its Direct-to-Farmer model. The major crop applications are pulse, beans and rice, which are mostly exported to India, and corn, and fruit and vegetable (potatoes, tomatoes, onions) cash crops.

The proposed IFC senior secured loan is up to US$10 million loan with specific use of proceeds for the expansion of Awba’s core business, including the construction of additional fertilizer’ warehouse storage facilities and fertilizer distribution stations, the acquisition of a second chemical license for its Myanma Awba Group’ in order to construct a new agro-chemical formulation plant in an industrial zone next to the existing Government Hmawbi pesticide factory, equipment (bottling and packaging machinery), warehouse storage facilities and working capital.

Investment Description
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Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Mr. Thadoe Hein, the project sponsor, is the founder and Managing Director of Awba. A Myanmar citizen, he established the Company in 1995, together with his parents. He now owns it (95%) together with his wife Ms. Soe Mar Lar (4.5%) and brother-in-law, Mr. Soe Min Thant, (0.5%).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Myanmar Awba Group Co., Ltd. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Myanmar Awba Group
Kyaik Wine Pagoda Road, 8th Miles
Mayangone Township, Yangon, The Republic of Union of Myanmar
Tel: (+95-1) 663536, (+95-1) 663399
Fax: (+95-1) 655763


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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