Jebsen & Jessen (SEA)

Last updated
Jebsen & Jessen Group
TypePrivate
IndustryManufacturing, Engineering, Distribution
Founded1963
HeadquartersSingapore
Area served
China, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
Key people
Heinrich Jessen (Chairman), Per Magnusson (Group CEO)
Number of employees
2,550 (2022) [1]
Website https://jjsea.com/

Jebsen & Jessen Group is a diversified industrial group with operation offices across South East Asia and beyond. It is a third generation family-owned enterprise and part of the Jebsen & Jessen Family Enterprise.

Contents

Company Information

Headquartered in Singapore with five regional business units across ASEAN, Jebsen & Jessen Group had a turnover of S$800 million in 2021, employs over 2,550 employees and has more than 50 subsidiaries and associate companies.

The company has several joint ventures including JJ-Lurgi Engineering (a joint venture with Air Liquide), JJ-LAPP (a joint venture with Lapp Holding Asia), and JJ-Pun [2] (a joint venture with Serge Pun & Associates Group).

In May 2011, company executives indicated that the company has an acquisition war chest of SGD 250 million to support its growth strategy. [3] [4]

History

Part of a global family enterprise that dates back to a trading partnership formed in Hong Kong in 1895. Jebsen & Jessen Group was formally incorporated in 1963 with operations in Singapore and Malaysia, and subsequently set up offices throughout South East Asia. By 1971 the company had more than 600 employees and was trading pharmaceuticals, engineering, photographic products, construction equipment and home appliances.

In the early 1970s the company acquired agencies for luxury watch brands, and also formed an agreement with Demag AG and set up mechanical handling engineering in 1972, trading and manufacturing hoists and cranes. In 1976 the company established Jebsen & Jessen Packaging.

In 1982 the group holding company Jebsen & Jessen (SEA) Pte Ltd was set up, its three departments included Engineering, Manufacturing and Trade & Industry. In 1986 MHE-Demag became a 50/50 joint venture between Jebsen & Jessen (SEA) and Demag. By the 25th anniversary in 1988, the Group had over 30 subsidiaries and employed 1,000 people.

On March 1, 1992, JJ-Lurgi was formed as a 50/50 joint venture between Jebsen & Jessen (SEA) and Lurgi AG. Current Chairman Heinrich Jessen joined the company as environment, health and safety manager in 1995.

In 2004 the group began a 50/50 joint venture with German Lapp Kable, forming JJ-Lapp Cable. The group obtained ISO 14001 and OHSAS certifications across its 40 subsidiaries in 2004. [5]

In 2010, expanded regional reach by opening an office in Cambodia. [6] and in July 2011, it entered Myanmar with a 50/50 joint venture with family-owned Serge Pun & Associates Group (SPA Group), forming JJ-Pun (S) Pte Ltd. [2]

The group announced its acquisition of Halcyon Offshore, a leading offshore and marine services company on May 28, 2012. [7] [8]

In March 2014, Jebsen & Jessen Ingredients made the move into manufacturing malted ingredients, signing a 50:50 joint venture agreement with UK firm Muntons. [9]

In January 2015, MHE-Demag acquired Demag Cranes & Components Australia. [10] [11] [12]

In March 2015, JJ-Lapp Cable acquired a 100% stake in PT JJ-Lapp Cable SM (JJSMI). This comes five years after JJ-Lapp Cable and PT Sinarmonas entered a joint-venture relationship.

In October 2015, the group divested their Communications [13] and Healthcare divisions. [14] [15]

In June 2016, JJ-Muntons opened the new 3,000sqm specialty malted manufacturing facility in Chonburi, Thailand. [16]

In November 2016, MHE-Demag opened South East Asia's largest crane manufacturing plant in Malaysia. [17]

In January 2018, the group and sister company Jebsen Group in China announced the establishment of a joint venture of equals in Greater China between Jebsen & Jessen Ingredients (JJING) and Jebsen Industrial Specialty Ingredients & Solutions Business (JI-SI&S). [18]

Businesses

The group has five core business units: Cable Technology, Ingredients, Life Sciences, Packaging, and Technology.

Cable Technology

JJ-LAPP was founded as a joint venture between Jebsen & Jessen Group and LAPP Holding Asia, a subsidiary of LAPP Group in Germany. J-LAPP’s expertise ranges from industrial connection technology, automation, fire protection system, cable management system, and safety technology. In 2010, JJ-LAPP established its first manufacturing site in South East Asia.

Ingredients

Jebsen & Jessen Ingredients distributes specialty chemicals, including additives, fillers, pigments, resins, solvents, cross linker, flame retardants, monomers/polymers, and performance chemicals to manufacturing industries; amino acids and protein sources to animal feed manufacturers; food additives and ingredients for the treatment and flavoring of food and beverages; and chemicals for the pharma industries.

Life Sciences

JJ-Lurgi Engineering offers technologies and engineering services for oil seed extraction, natural oils and fats production, and edible oil and bio fuel processing. In 2022, the company received the Asia’s Best Performing Companies award for its commendable performance in Malaysia, Indonesia and China. [19]

Packaging

Jebsen & Jessen Packaging manufactures and supplies foam, plastic, paper, wood and integrated packaging products as well as moulded foam components, engineered foam for construction and related design & engineering services.

Technology

Jebsen & Jessen Technology engages in the distribution of industrial and commercial pumps, motors, turf and irrigation management systems, as well as equipment for transport, chemical, and precision engineering industries. This business unit also distributes offshore and marine cables under the brand Cables International.

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References

  1. ↑
  2. 1 2 Soe Sandar Oo, Archived 2012-06-12 at the Wayback Machine , "SPA joins new joint venture", "Myanmar Times", 10 May 2011
  3. ↑ Lynn Kan,"Jebsen and Jessen on expansion path", "The Business Times", May 9, 2011
  4. ↑ Staff Reporter, "Jebsen & Jessen invests S$250 million for South East Asia expansion", "Singapore Business Review", 10 May 2011
  5. ↑ Archived 2011-10-08 at the Wayback Machine "The Three Mackerels, The Story of the Jebsen and Jessen Family Enterprise"
  6. ↑ "Global family company opens in Cambodia", "Phnom Penh Post", 24 Feb 2011
  7. ↑ Joyce Hooi,"Jebsen & Jessen ventures into marine, buys Halcyon Offshore", "The Business Times", May 30, 2012
  8. ↑ Krisana Gallezo, "Jebsen & Jessen Group Acquires Halcyon Offshore", "Singapore Business Review", 29 May 2012
  9. ↑ Weston, Shaun (April 24, 2014). "FoodBev Media".
  10. ↑ "Lift & Hoist International". liftandhoist.com/. 2015-06-19. Archived from the original on 2017-02-16. Retrieved 2016-05-26.
  11. ↑ "MHE-Demag to acquire sister company Demag Cranes & Components". ferret.com.au. Archived from the original on 2017-02-16. Retrieved 2016-05-26.
  12. ↑ "Terex sells Australian distributor | News | Vertikal.net". vertikal.net. Retrieved 2018-07-12.
  13. ↑ "Dimension Data completes acquisition of Jebsen & Jessen comms unit". Digital News Asia. 2016-02-04. Retrieved 2018-07-12.
  14. ↑ Archived 2017-02-16 at the Wayback Machine "Divesting into the Next Strategic Chapter"
  15. ↑ "Getz Healthcare Acquires Jebsen & Jessen Healthcare Businesses In Malaysia & Thailand - My Medic News". My Medic News. Retrieved 2018-07-12.
  16. ↑ "JJ-Muntons joint-venture inaugurates Chonburi plant". foodnavigator-asia.com. Retrieved 2018-07-12.
  17. ↑ "MHE-Demag opens $10m manufacturing plant in Malaysia - HOIST magazine". hoistmagazine.com. Retrieved 2018-07-12.
  18. ↑ MEDIA, CNS. "Jebsen & Jessen and Jebsen Group form JV in China". foodingredientsfirst.com/. Retrieved 2018-07-12.
  19. ↑ "Global businesses that are leading the way in Asia". CNA. Retrieved 2023-02-10.
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