Established in 1995 as a family business that carries out trading and hotel management operations, the Jewellery Luck Group of Companies has grown into Myanmar’s leading conglomerate, specializing in forestry, plywood manufacturing, mining, tourism and real estate. Tin Tun Oo, Vice Chairman, emphasizes, “The experience gathered in 20 years of continuous development, combined with the strong and innovative management and employee conscience, led towards the establishment of a large business institution, widely renowned under the name Jewellery Luck Group of Companies”.
Immense impact on Myanmar’s economy
Jewellery Luck is one of the leading timber manufacturers, producing high quality timber products including, veneer, plywood, Formica, swan timber, parquet and round logs, in the seven factories situated in Mandalay, Monywa, Sagaing, Kyaukse, Shwe Pyi Aye, Than Phyu Zayat and Belin. Tin Tun Oo points out, “We are the largest plywood manufacturer in Myanmar with a market share of over 60%. Our biggest market is India, where we export 80% of our production”. He adds, “We established a mining joint venture in 2009. We are one of the pioneers in Myanmar’s lead production, working under international standards”.
Guided by the vision to provide better environmental protection and support the development of green eco system, Jewellery Luck has developed the first forest management project supported by the Ministry of Natural Resources.
The company established the travel and tours department in 2011, providing support of the international promotion of Myanmar’s tourism sector. Importing innovative real estate expertise from Singapore and Hong Kong, Jewellery Luck established the real estate department in 2013. The company has developed the unique Nation Building Project, guaranteeing the profits for its real estate investors.
The Jewellery Luck Group employs approximately 10.000 people, ensuring continuous development of their expertise and working skills. Tin Tun Oo explains, “We are happy to see that the people work and get trained for the future”. He adds, “We have enormous economic impact in the region, considering the thousands of employments we provide, which indirectly influences the whole nation. Our main goal is to increase the country’s GDP”.
Envisioning developed financial system in Myanmar
Jewellery Luck Group is planning to establish a financial institution using its extensive and diversified experience, together with the important international connections that can provide import of financial know-how, essentially needed for the development of Myanmar’s financial sector. The company is also collaborating with Myanmar Investment Commission, in the promotion of the country’s investment opportunities. Tin Tun Oo concludes, “Visit Myanmar and consider the opinion of our local people and investors about doing business in Myanmar. Coming to our country might not be an easy task, but with the right partner and qualified employees, working in Myanmar can be very rewarding”.