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Home»About IJM»Corporate Profile
 
Corporate Profile
   
IJM is one of Malaysia’s leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). 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 three 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 establish 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 acquired the Road Builder Group (“RBH”), its nearest competitor, to augment its position as one of the country’s biggest builders. In addition to bolstering its construction order book, property land bank and infrastructure portfolio, the enlarged Group enabled IJM to attain considerable synergistic benefits, 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 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. Besides establishing itself as a reputable township developer in India, IJM 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 catering to demand from outside the Group. IJM continued to expand on its operations in this division with 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 owns
and operates infrastructure
concessions 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 owns and 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 ventured into oil palm 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 costs volatilities.It is currently expanding its plantation operations into Indonesia.


When IJM went public in 1986, it had a market capitalisation of RM66 million and total assets of RM172 million. As at 31 March 2012, the Group’s market capitalisation and total assets stood at around RM7.8 billion and RM13.9 billion respectively.
Updated: 14 Aug 2012
 
 

 
     
 
 
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