Jebsen & Jessen (SEA)

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.

Jebsen & Jessen Group of Companies South East Asia
TypePrivate
IndustryManufacturing, Engineering, Distribution
Founded1963
Headquarters
Singapore
Area served
ASEAN, China, Australia, Taiwan
Key people
Heinrich Jessen (Chairman), Per Magnusson (Executive Vice Chairman)
RevenueS$1.3 billion (2017)[1]
Number of employees
4,400 (2017)[1]
Websitehttps://jjsea.com/

Company Information

Headquartered in Singapore with regional business units headquartered in other ASEAN countries, the company generated over S$1.3 billion revenue in 2017, employs over 4,400 employees and has more than 50 subsidiaries and associate companies.

The company has a number of joint ventures including MHE-Demag (a joint venture with Demag Cranes and Components ), JJ-Lurgi Engineering (a joint venture with Air Liquide), JJ-Lapp Cable (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

The group was established in 1963 in Singapore and Kuala Lumpur, Malaysia, and has its roots in Jebsen & Co, a trading partnership formed in Hong Kong in 1895. Management positions are held today by descendants of the Jebsen & Co founders, Jacob Jebsen (1870–1941, de) and Heinrich Jessen (1865–1931).

After incorporation in 1963, Jebsen & Jessen (SEA) operated 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, the group expanded their 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 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 have six core business units: Cable Technology, Ingredients, Life Sciences, Material Handling, Packaging, and Technology.

Cable Technology

JJ-Lapp Cable specialises in manufacturing and distribution of cable and cable related products for the automotive manufacturing, building construction, building automation, component manufacturing, material handling, pulp & paper and other industries.

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.

Material Handling

MHE-Demag is a joint venture between Jebsen & Jessen (SEA) and Demag Cranes and Components GmbH. The company engineers, manufactures and services material handling products including cranes, hoists, explosion proof lifting equipment, warehouse trucks, dock levelers, rail systems, car park systems, electrification systems and building maintenance units.

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, dry bulk handling solution as well as equipment for transport, chemical, and precision engineering industries. This business units also distributes offshore and marine cables under the brand Cables International.

Recognition
Year Award
2016 21st annual IMD-Lombard Odier Global Family Business Award[19] (Jebsen & Jessen Family Enterprise)
2016 EY-Barclays Family Business Award of Excellence[20] (Jebsen & Jessen South East Asia)
2017 Singapore Business Award - 2016 Businessman of the Year[21] (Heinrich Jessen)
2018 SBR International Business Awards 2018 - Building Services & Facilities[22] (MHE-Demag)

References
  1. Jebsen & Jessen website
  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. "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.
  11. "MHE-Demag to acquire sister company Demag Cranes & Components". ferret.com.au. 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. "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. "Asian-focused conglomerate Jebsen & Jessen Family Enterprise awarded the IMD-Lombard Odier Global Family Business Award". IMD business school. Retrieved 2018-07-12.
  20. Kan, Francis. "Keeping the family spirit alive". The Business Times. Retrieved 2018-07-12.
  21. hermesauto (2017-04-25). "Jebsen & Jessen boss Heinrich Jessen is Businessman of the Year". The Straits Times. Retrieved 2018-07-12.
  22. "MHE-Demag bags SBR International Business Awards for Building Services and Facilities". Singapore Business Review. Retrieved 2018-07-12.
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