JEBSEN & JESSEN (SEA) CONTINUES EXPANSION PLANS WITH ENTRY INTO MYANMAR

Jebsen & Jessen (SEA) (JJSEA), a manufacturing, engineering and distribution company, has entered a 50-50 joint venture in Myanmar with family-owned Serge Pun & Associates Group (SPA Group), to form JJ-Pun (S) Pte Ltd. The new entity is currently registered in Singapore. This new development is part of JJSEA’s ambitious expansion strategy in South East Asia which began last year.

JJ-Pun (S) Pte Ltd will be headed by Mr. Philipp Hoffmann, former Business Development Manager at Jebsen & Jessen Chemicals. Mr. Hoffmann, General Manager of JJ-Pun, will be based in Myanmar and will work closely with Mr. Ivan Pun, son of SPA Group company founder and Chairman Mr. Serge Pun, to actively explore and pursue potential business opportunities in Myanmar’s growing economy.

 JJSEA has successfully completed projects in Myanmar through its Material Handling, Chemicals and Cable Technology Regional Business Units, primarily on an ad-hoc basis with the help of local agents. Having a locally incorporated legal entity with full-time management, staff and infrastructure would allow the group to serve the market in a more strategic and consistent manner. Further to that, JJSEA is also looking for local investments which are slightly outside of the scope of its core businesses.

Having operated in Myanmar for more than 20 years, SPA Group was the perfect partner for JJSEA because of the company’s extensive infrastructure and market experience in the country. SPA Group has a diversified portfolio of business units in the finance, automotive, real estate, agriculture, trading & services, and manufacturing services.

“In the SPA Group and their company founder and chairman Mr Serge Pun, we have found a very reliable and experienced partner in Myanmar. SPA's corporate governance approach is also very much in line with our own stringent business principles with both companies sharing the same business values,” says Mr. Heinrich Jessen, Chairman, Jebsen & Jessen (SEA). “We very much look forward to this partnership with one of the most respectable, entrepreneurial and forward-looking companies in Myanmar.”

Added Mr Serge Pun, Chairman, SPA Group, “Jebsen & Jessen has an extensive experience and track record in South East Asia. Our partnership will allow us to tap on their expertise in diverse industrial applications, and forge ahead to win new business in Myanmar.”