IJM IS ONE OF MALAYSIA'S LEADING CONSTRUCTION GROUPS AND IS LISTED ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD. ITS
CORE BUSINESS ACTIVITIES ENCOMPASS CONSTRUCTION, PROPERTY DEVELOPMENT, MANUFACTURING AND QUARRYING,
INFRASTRUCTURE CONCESSIONS AND PLANTATIONS.
HEADQUARTERED IN SELANGOR, MALAYSIA, IJM'S REGIONAL ASPIRATIONS HAVE SEEN IT ESTABLISH A GROWING PRESENCE IN
NEIGHBOURING DEVELOPING MARKETS WITH OPERATIONS PRESENTLY SPANNING 10 COUNTRIES, WITH PRIMARY FOCUS IN
MALAYSIA, INDIA, UNITED ARAB EMIRATES, CHINA AND INDONESIA.
IJM'S PHENOMENAL GROWTH OVER THE PAST TWO AND A HALF DECADES HAS BEEN THE RESULT OF ITS UNWAVERING FOCUS ON
ITS CORE COMPETENCIES, DIVERSIFICATION INTO STRATEGICALLY RELATED BUSINESSES AND SELECTIVE EXPANSION INTO
NEW MARKETS.
The result of a merger between three medium-sized
local construction companies - IGB
Construction Sdn Bhd, Jurutama Sdn Bhd and
Mudajaya Sdn Bhd, IJM was formed in 1983 to compete more
effectively against bigger foreign rivals.
The Company began to quickly established itself as a
professionally managed construction group and
rapidly gained market acceptance. Over the years,
the Company progressively built on its delivery capabilities, competitive
prowess and financial capacity to
strengthen its footing as a reputable local contractor.
In April 2007, IJM merged with the Road Builder Group
("RBH"), its nearest competitor, to augment its
position as one of the country's biggest builder. In
addition to bolstering its construction order book,
property land bank and infrastructure portfolio, the
enlarged Group enabled IJM to attain considerable
synergistic benefits from the merger, greater local
prominence as well as attain a more sizeable
balance sheet to bid for larger jobs and facilitate its
expansion into overseas markets.
IJM’s undertaking as a property developer began as a natural progression from its experience
in the construction business. The Group’s property arm has since grown considerably. Listed on
the Main Market of Bursa Securities, IJM Land Berhad is presently one of the largest property
developers in Malaysia with sprawling townships, commercial buildings and high-rise
condominiums under development in key growth areas throughout the country. The Group has
also made substantial inroads as a reputable developer into India in recent years. Besides that, it has
also successfully undertaken ventures overseas in the past such as in Orlando USA, Singapore and Australia.
Initially supporting in-house needs, the
Group's Industry Division quickly grew its operations into scalable core activities focused on
demand outside the Group. IJM continued to expand on its operations in the Division through
strategic acquisitions such as the takeover of Industrial Concrete Products Berhad in 2004 and
successful market diversifications into China, India and Pakistan.
Leveraging on its construction expertise, the Group also targeted infrastructure investments to
create long-term recurrent income streams. Initial advancements into concession assets in
Malaysia however proved elusive and, thus an international focus was adopted. IJM’s involvement in
overseas infrastructure privatisation (Build-Operate-Transfer) schemes met with considerable
success. Amongst the Group’s present investments in major overseas infrastructure projects are the
Western Access Tollway in Argentina, five tolled highways and the Gautami power plant in India, and the Binh
An water treatment concession in Vietnam. In Malaysia, the Group operates three highways
and port concessions from the RBH merger.
The Group had previously invested in and profitably sold several infrastructure assets in China.
The Group also showed considerable foresight by venturing into plantations in 1985 as a source
of steady income to cushion the cyclical nature of its core construction business. This investment
has since paid off handsomely. Now listed on the Main Market of Bursa Securities, IJM Plantations
Berhad has contributed significantly to the Group's earnings over the years and has also accorded the Group better resilience to weather macro-economic and input volatilities.
It is currently expanding its plantation land bank into Indonesia.
Updated on : 2011-08-09
