On July 17, 2011, the Myanmar Times reported about a new joint venture between Jebsen & Jessen (SEA) and Serge Pun & Associates. Read excerpts of the article below:
SPA joins new joint venture
Serge Pun & Associates and Jebsen & Jessen (SEA) have entered a new joint venture to explore business opportunities in Myanmar. The tie-up between the two companies will be called JJ-Pun and headed by Mr Philipp Hoffmann.
The new development is part of Jebsen & Jessen's (SEA) ambitious growht strategy to expand their South East Asian presence. The company had previously completed some projects through its Cable Technology, Chemicals and Material Handling Business Units. The new joint venture will also be looking for investment opportunities across the country.
SPA Group has been operational in Myanmar for more than 20 years and was the perfect partner for Jebsen & Jessen because of their extensive infrastructure and experience.
"In the group and its company founder Mr Serge Pun we have found a ver reliable and experience partner," comments Heinrich Jessen, chairman Jebsen & Jessen (SEA). "SPA's corporate governance approach is very much in line with our own stringent business principles and both companies share the same business values. We look forward to a partnership with one of the most respectable, entrepreneurial and forward looking comapnies in Myanmar."
"Jebsen & Jessen (SEA) has extensive experience and track record in South East Asia," comments SPA Chairman Mr Serge Pun. "Our partnership will allow us to tap their expertise in diverse industrial applications and forge ahead to win new business."
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