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Stowmarket: Muntons agrees £10.4m deal to create manufacturing plant in Thailand

PUBLISHED: 06:00 22 April 2014

Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Jonathon Lau: Director Muntons Ingredients Asia Pty, Johann Heinrich Jessen : Chairman of Jebsen and Jessen, Neil Pearmain : Sales and Marketing Director Muntons plc, Melvin Tan : Director Jebsen & Jessen
Steve Bluff  : Finance Director Muntons plc, Marc Deschamps : Regional Managing Director of Jebsen & Jessen, Itchaya Savanayana : Director Jebsen & Jessen, Alan Ridealgh : Managing Director Muntons plc, Jorgen Lundgaard : Sales Director Jebsen & Jessen, Colin Whitehouse : General Manager JJ-Muntons (Thailand) Ltd

Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Jonathon Lau: Director Muntons Ingredients Asia Pty, Johann Heinrich Jessen : Chairman of Jebsen and Jessen, Neil Pearmain : Sales and Marketing Director Muntons plc, Melvin Tan : Director Jebsen & Jessen Steve Bluff : Finance Director Muntons plc, Marc Deschamps : Regional Managing Director of Jebsen & Jessen, Itchaya Savanayana : Director Jebsen & Jessen, Alan Ridealgh : Managing Director Muntons plc, Jorgen Lundgaard : Sales Director Jebsen & Jessen, Colin Whitehouse : General Manager JJ-Muntons (Thailand) Ltd

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A Suffolk maltster is to launch a new £10.4million manufacturing plant in Thailand as it continues its growth across south-east Asia.

Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Directors and Staff of Muntons and Jebsen and Jessen at the signing ceremony held in Bangkok on March 27,  2014 Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Directors and Staff of Muntons and Jebsen and Jessen at the signing ceremony held in Bangkok on March 27, 2014

Muntons, a member of the EADT/EDP Top100 listing of the 100 largest businesses in Suffolk and Norfolk, expects the major new 50/50 joint venture with south east Asia ingredients distribution firm Jebsen & Jessen to result in a 10% increase in liquid malt capacity at its malted ingredients arm in Stowmarket.

The malted ingredients side of the business at Muntons currently has a turnover of about £52.9million, while the other half of its sales is through malt supplied to the distilling and brewing industries.

Group managing director Alan Ridealgh said there was “tremendous synergy” between the two businesses.

The new venture will involve liquid malt extract made at Stowmarket being shipped to the plant at Chonburi, about 120km south-east of Bangkok, to be further processed, mainly into products for south-east Asia’s large and growing malted drinks market.

Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Steve Bluff , finance director Muntons; Marc Deschamps, regional managing director of Jebsen & Jessen; Itchaya Savanayana, director Jebsen & Jessen; Neil Pearmain, sales and marketing director Muntons, Johann Heinrich Jessen, chairman of Jebsen and Jessen and Melvin Tan, director Jebsen & Jessen Muntons and Jebsen & Jessen signing a deal for a joint £10.4m venture to build a new malted ingredients plant in Thailand: Steve Bluff , finance director Muntons; Marc Deschamps, regional managing director of Jebsen & Jessen; Itchaya Savanayana, director Jebsen & Jessen; Neil Pearmain, sales and marketing director Muntons, Johann Heinrich Jessen, chairman of Jebsen and Jessen and Melvin Tan, director Jebsen & Jessen

“Jebsen & Jessen is part of a group with 50 years’ history in south east Asia, and we at Muntons are delighted to be able to cement this strong partnership with such a respected company,” said Mr Ridealgh.

The new company, JJ-Muntons (Thailand) Ltd will employ around 30 staff, and the plant is set to be built by the end of 2015.

Jebsen & Jessen chemicals regional managing director Marc Deschamps said: “We are teaming up for success and growth in Asia. Muntons’ technology and production know-how paired with Jebsen & Jessen’s distribution capability in south east Asia is a winning formula for this joint venture of equal partnership.”

Muntons sales and marketing manager Neil Pearmain said it would also be a boost to East Anglian barley growers.

“The good news in the UK is we’ll procure 4-5,000 tonnes more grain because we’ll be manufacturing a liquid extract to be exported to Asia to be further processed,” he said.

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