Jebsen & Jessen (SEA)

Jebsen & Jessen Group of Companies South East Asia
Private Limited Company
Industry Cable Technology, Ingredients, Engineering, IT, Industrial Equipment, Life Sciences, Manufacturing, Material Handling, Offshore equipment & engineering, Packaging, Power Generation, Turf & Irrigation
Founded 1963
Headquarters Singapore
Area served
 South East Asia, China, Australia, United Arab Emirates
Key people
 Heinrich Jessen (Chairman), Per Magnusson (Executive Vice Chairman), Alexander Chan Meng Wah (Executive Vice Chairman)
Revenue S$1.1 billion (2013)[1]
Number of employees
 4,500 (2015)[2]
Website www.jjsea.com

Jebsen & Jessen (SEA) is an engineering, manufacturing and distribution company in South East Asia and was incorporated in 1963 in Singapore and Malaysia. The company is headquartered in Singapore and has regional operations across the ASEAN countries. It generated SG$1.1 billion revenue in 2013, employs over 4,500 employees and has more than 50 subsidiaries and associate companies.

Company Information

Jebsen & Jessen (SEA) works in partnership with global technology companies throughout South East Asia. It undertakes a range of manufacturing, engineering and distribution activities, working with a number of international firms such as crane manufacturer Terex and process engineering firm Lurgi GmbH, part of Air Liquide.

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]

Regional Business Units

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.

Jebsen & Jessen Ingredients distributes specialty chemicals, including additives, fillers, pigments, resins, solvents, cross linkers, 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.

JJ-Lurgi Engineering offers technologies and engineering services for oil seed extraction, natural oils and fats production, and edible oil and bio fuel processing.

MHE-Demag 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.

Jebsen & Jessen Offshore engineers and manufacturers marine equipment including A-frames and winches, distributes offshore and marine cables.

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.

Jebsen & Jessen Technology engages in the distribution of industrial and commercial pumps, motors, turf and irrigation management systems, and power generation equipment, as well as equipment for transport, chemical, and precision engineering industries.

History

The company 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 including Longines, Jaeger-LeCoultre, and Patek Philippe. The company formed an agreement with Demag AG and set up Mechanical Handling Engineering (MHE) 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, Jebsen & Jessen (SEA) expanded their regional reach by opening an office in Cambodia.[6]

In July 2011, Jebsen & Jessen (SEA) entered Myanmar with a 50/50 joint venture with family-owned Serge Pun & Associates Group (SPA Group), forming JJ-Pun (S) Pte Ltd.[7]

In June 2012, the company acquired Halcyon Offshore from the Halcyon Group.[8][9]

In March 2014, Jebsen & Jessen Ingredients made the move into manufacturing malted ingredients, signing a 50:50 joint venture agreement with UK firm Muntons.[10]

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

In October 2015, the company divested their Communications and Healthcare divisions.[13]

References

  1. ↑ Jebsen & Jessen website
  2. ↑ Jebsen & Jessen website
  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. ↑ Soe Sandar Oo, , "SPA joins new joint venture", "Myanmar Times", 10 May 2011
  8. ↑ Joyce Hooi,"Jebsen & Jessen ventures into marine, buys Halcyon Offshore", "The Business Times", May 30, 2012
  9. ↑ Krisana Gallezo, "Jebsen & Jessen Group Acquires Halcyon Offshore", "Singapore Business Review", 29 May 2012
  10. ↑ Weston, Shaun (April 24, 2014). "FoodBev Media".
  11. ↑ "Lift & Hoist International". http://www.liftandhoist.com/. 2015-06-19. External link in |website= (help)
  12. ↑ "MHE-Demag to acquire sister company Demag Cranes & Components". www.ferret.com.au. Retrieved 2016-05-26.
  13. ↑ "Divesting into the Next Strategic Chapter"

External links

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