“... Steady growth, uninterrupted profitability and a very international business defines IJM today ...”

In 1984, three enterprising local construction companies – IGB Construction Sdn Bhd, Jurutama Sdn Bhd and Mudajaya Sdn Bhd – merged in a bid to compete more effectively against bigger foreign rivals.The result was IJM – a professionally managed construction group that gained immediate market acceptance, and had the financial capacity to compete effectively against established foreign players.

Since then, IJM has grown in reputation and renown internationally. Its excellent track record is accredited with numerous awards. Recent ones include the Malaysian International Contractor of the Year Award (2000), the Malaysian Builder of the Year Award (2001), the Project Award 2003 (Major Building Category) and the Excellence Award for Export of Services (2003) by the Malaysian International Trade and Industry Ministry. The Company’s excellent reputation for professionalism, performance and good governance also saw it being conferred the inaugural Malaysian Business Corporate Governance Award in 2002, and the KLSE Corporate Merit Award (Construction Sector) in 2002 and 2003.

IJM’s exponential growth over the past two decades is the result of its focus on core competencies, diversifying into related businesses and expanding into new markets. Leveraging on its intrinsic construction expertise, IJM soon ventured into property development and successfully merged its resources to offer quality delivery at great value to the Malaysian market. Today, Property Development is a major part of the Group’s activities.

The demand for building materials fueled further growth. IJM forged another stronghold by creating its Industries Division; expanding internal operations such as manufacturing of concrete products and quarrying into core activities focused on demand outside the Group. It continues to expand its operations in this sector with strategic acquisitions such as the recent takeover of Industrial Concrete Products Berhad.

The Group showed great foresight by venturing into plantations in 1985 as a source of steady income to cushion the cyclical nature of construction business. This investment has since paid off handsomely. Now listed on the Main Board of Bursa Malaysia Securities Berhad (Bursa Malaysia), IJM Plantations Berhad has contributed significantly to the Group’s earnings over the years and also helped cushion the Group’s earnings during difficult times such as the 1997/98 Asian financial crisis.

Leveraging again on its construction expertise, the Group targeted infrastructure investments to build long-term recurrent income streams. Initial attempts for breakthrough in Malaysia proved difficult and, thus, an overseas focus was then chosen.

It’s involvement in overseas infrastructure privatisation (Build-Operate-Transfer) schemes proved tremendously successful. These include investments in major infrastructure projects such as Guangdong Provincial Expressway in China, Western Access Tollway in Argentina, Swarna and Rewa tolled highway in India, and Binh An Water water treatment concession in Vietnam.

With several concessions under construction in India and, for the first time, an opportunity to participate in Malaysian toll roads, the infrastructure concession business is set to become a major part of the Group’s future operations.

IJM went public in 1986 with a market capitalisation of RM66 million and total assets of RM172 million. As at 31 March 2006, the Group’s market capitalisation and total assets stood at RM2.45 billion and RM4.12billion respectively.

Steady growth, uninterrupted profitability and a very international business defines IJM today. More importantly, an excellent reputation for professionalism, performance and good governance is the trademark of the Group.