Business Description

Type of Company:100% Myanmar citizen owned private company limited
Business Type:Paint and coating manufacturing
Product Lines:Decorative paints, architectural coatings, gold paints, wood coatings, industrial paints, automotive paints, marine paints & construction chemicals
Factories:UPG Factory No. (1) U1: No. 133, Seik Kan Thar Road, Hlaing Thayar Industrial Zone (1), Hlaing Thayar Township, Yangon U2: No. 130 (A), Seik Kan Thar Road, Hlaing Thayar Industrial Zone (1), Hlaing Thayar Township, Yangon Region UPG Factory No. (2) Lot No. (19), U Paing No. [188 Kagyi/1 (190/191)], Yangon-Mandalay Road, Milepost No. 420/ 1, Kan Thar Aye Ward, Myout Kaing Village Track, Sint Kaing Township, Kyaukse District, Mandalay Region
Major Markets:Myanmar and Asia-Pacific
Year Established:1995
Year Production Started:1996
UNGC Participation:Participant in the United Nations Global Compact (UNGC) since 2012
Year of Transformation:2018 [United Paints Group Co. Ltd. was transformed into holding structure and the paint manufacturing business was completely handed over to newly established subsidiary named UPG Paint & Coating Co., Ltd.]
ISO & Other Certificates:ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and RCMS
AEO Recognition:Recognized by Myanmar Customs as an Authorized Economic Operator – AEO (Level-1) in line with the World Customs Organization’s SAFE Framework of Standards.

UPG Paint & Coating Co., Ltd.

UPG Paint & Coating Co., Ltd. (UPG P&C) is the flagship subsidiary of United Paints Group Co., Ltd. (UPG). UPG was established by a group of paint merchant wholesalers in 1995, and had been a market leader since its establishment. In 2018, UPG was transformed into a holding structure, assuming the role of an investment company. As a result, its paint manufacturing business was fully transferred to the newly established, wholly-owned subsidiary, UPG P&C. UPG P&C is led by a board of 6 members, all of whom also serve as executive directors, and as board members of the parent company, UPG.

As a leading subsidiary of the UPG Group of Companies, UPG P&C manufactures a diverse range of paints and coatings, ranging from environmentally friendly emulsions to heavy duty protective coatings. The company also operates the largest network of paint dealerships in Myanmar.

UPG P&C actively participates in the UN Global Compact (UNGC) and integrates the United Nations’ Sustainable Development Goals (SDGs) into its business strategies and operations. The company operates under an Integrated Management System (IMS) incorporating ISO 9001:2015 Quality Management System (QMS), ISO 14001:2015 Environmental Management System (EMS), ISO-45001:2018 Occupational Health and Safety Management System (OHSMS), and the Responsible Care Management System (RCMS). UPG P&C also received the ‘ASEAN Outstanding Engineering Achievement Award 2018’ from the ASEAN Federation of Engineering Organizations (AFEO) for its two environmentally friendly and energy-saving products, and the ‘ASEAN OSHNET Excellence Award 2018’ from the ASEAN Occupational Safety and Health Network (ASEAN-OSHNET) for its outstanding OHS performance.

In 2025, UPG P&C was officially recognized by the Myanmar Customs Department as an Authorized Economic Operator, AEO (Level-1), in accordance with the World Customs Organization’s SAFE Framework of Standards.

In line with the company policy, UPG P&C is dedicated to upholding the market-leading position while implementing commitments towards sustainability.

Ownership Structure

UPG Paint & Coating Co., Ltd. is wholly owned by United Paints Group Co., Ltd. The shares of the parent company are distributed among 44 shareholders comprising traditional paint merchants, local paint store owners, entrepreneurs, and professionals from across Myanmar. Based on the Company’s shareholding records, no individual beneficial owner ultimately holds 5% or more of the total shares.

UPG Group of Companies

As the company grows, United Paints Group Co., Ltd. (UPG) has expanded its scope of business by establishing the following fully owned subsidiaries. This expansion aims to enhance efficiency and synergy, benefit customers and stakeholders, and to create opportunities for successor directors.

United Paints Group Co., Ltd.

United Paints Group Co., Ltd. (UPG) was established by a group of paint merchant wholesalers in 1995. The company’s initial objectives were to satisfy the growing demand of the construction boom in the 1990s, to become a key contributor to the country’s import substitution economy, and to develop a full-scale paint industry in Myanmar.

In 1996, UPG established its first paint factory in Hlaing Tharyar Industrial Zone (1) and started manufacturing an economical emulsion branded as ‘Unitex’ which has consistently been a best-selling budget paint in Myanmar to this day. Since its establishment, the company has experienced rapid growth in terms of product range, production capacity, market share, and its standing as a market leader. The primary driving force behind this success has been a diverse set of entrepreneurial efforts working in harmony.

In 2002, UPG obtained certification for ISO 9001:2000 Quality Management System (QMS). In 2008, the company achieved the certification for ISO 14001:2004 Environmental Management System (EMS) and ISO 45001:2007 Occupational Health and Safety Assessment Series (OHSAS). UPG also practices Responsible Care Management System (RCMS) of the global paint industry. Subsequently, the company combined all these management systems into an Integrated Management System (IMS).

In 2012, UPG became a participant of the United Nations Global Compact (UNGC). In 2021, UPG upgraded its ISO certifications to ISO 9001:2015 QMS, ISO 14001:2015 EMS, and ISO 45001:2018 OHSMS.

In 2018, UPG transitioned into a holding structure, assuming the role of an investment company. Consequently, its paint manufacturing business was fully transferred to the newly established subsidiary, UPG Paint & Coating Co., Ltd. (P&C). UPG is led by the board of 15 members, including the Chairman and Vice Chairman, and serves as the holding company for the UPG Group of Companies. The company is now actively implementing good corporate governance.

Unison Plastic Factory Co., Ltd.

Unison Plastic Factory Co., Ltd. (UPF) was established in 1998, and incorporated into the UPG Group of Companies in 2018. As a fully owned subsidiary of UPG, UPF manufactures plastic products for both consumer and industrial segments, primarily supplying plastic pails to the paint manufacturer, UPG Paint & Coating Co., Ltd. (UPG P&C).

 

Unison Plastic Factory Co., Ltd. is now led by a board of 3 members appointed by the board of the parent company, UPG.

Business World Co., Ltd.

Business World Co., Ltd. (BW) was established in 2006 and incorporated into the UPG Group of Companies in 2018. As a fully owned subsidiary of UPG, BW serves the Myanmar paint and construction industries by supplying painting tools, equipment, accessories, and construction machines.

 

Business World Co., Ltd. is now led by a board of 2 members appointed by the board of the parent company, UPG.

UPG Mining & Processing Co., Ltd.

UPG Mining & Processing Co., Ltd. (UPG M&P) was established in 2006 and became part of the UPG Group of Companies in 2018. As a fully owned subsidiary of UPG, this company explores minerals related to paint production and produces wall putties.

 

UPG Mining & Processing Co., Ltd. is now led by a board of 2 members appointed by the board of the parent company, UPG.

HUE Services Co., Ltd

HUE Services Co., Ltd. (HUE) was established in 2019 as a fully owned subsidiary of UPG. HUE serves as a professional painting contractor and technical advisor to both decorative and industrial segments.

 

HUE Services Co., Ltd. has currently suspended operations.

Our Business Model

UPG Paint & Coating Co., Ltd. creates value by transforming quality raw materials, technical expertise, human resources and business partnerships into quality paint and coating solutions. We source raw materials primarily from Europe and Asia, import them in accordance with applicable laws and Authorized Economic Operator (AEO) requirements, and manufacture our products under our Integrated Management System (IMS) incorporating ISO 9001 QMS, ISO 14001 EMS, ISO 45001 OHSMS, and the Responsible Care Management System (RCMS).

 

We market our products across Myanmar through dealers, company sales centers and other authorized channels. We support distributors and customers with product information, technical guidance, marketing materials, training and customer service. Our business model is guided by Our Vision, Our Mission, Our Core Values and Company Policy.

 

Through this business model, we provide quality products and support to customers; employment, development opportunities and a safe workplace for employees; fair and mutually beneficial relationships with business partners; sustainable growth and responsible returns for shareholders; and economic, social and environmental contributions to communities and society.

Our Goals and Strategies

Our strategic goals translate Our Vision, Our Mission, Our Core Values and Company Policy into long-term priorities for UPG Paint & Coating Co., Ltd.

No Our Goals How we aim to achieve them
1
To maintain and strengthen our market-leading position in Myanmar paint industry
We continually improve the quality of our products and customer support, strengthen our brands and distribution network, and respond to changing customer needs and market conditions.
2
To be recognized as one of the most responsible companies in Myanmar
We strengthen our corporate governance and responsible management through Corporate Governance Initiative of our parent company and our Integrated Management System (IMS) incorporating ISO 9001 QMS, ISO 14001 EMS, ISO 45001 OHSMS, and Responsible Care Management System (RCMS).
3
To achieve long-term success while preserving our values for future generations.
We sustain the Company’s success across future generations through effective succession planning, director development, strengthened competitiveness, knowledge transfer, and the preservation of our founders’ values and reputation.
4
To progressively expand into selected regional markets
We will conduct market research, develop suitable products and channels, meet applicable regulatory requirements and pursue phased market entry based on our capabilities and identified opportunities.

Company Profile Video