The company was founded in 1950 by late Mr. Ahmed Esoof Ginwalla and it quickly established itself as one of the most successful amongst the few chemical companies at that time. But during the nationalization of all business in Myanmar in 1962 the company had to abruptly cease all foreign affairs and operations. And in 1989, when Myanmar government opened doors for foreign businesses and investments the company re-established itself and now it proudly holds the title of largest chemical stockiest of Myanmar.