Building a bigger, better future
WITH the merger of three medium- sized local construction companies – IGB Construction Sdn Bhd, Jurutama Sdn Bhd and Mudajaya Sdn Bhd – IJM was born in 1983 and grew into the giant it now is.
The growth has been phenomenal. It went public in 1986 with a market capitalisation of RM66mil and total assets of RM172mil.
As of March this year, the group had a market capitalisation in excess of RM12bil and total assets of RM19.84bil.
IJM’s undertaking as a property developer began as a natural progression from its experience in the construction business.
The group’s property arm, IJM Land, is now 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.
It has also established itself as a reputable township developer in India and also has ventures in Orlando in the United States, Singapore and Australia, besides London, China and Vietnam.
The group’s Industry Division that initially supported in- house needs, has grown to cater to outside demand and has expanded 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.
IJM’s involvement in foreign infrastructure privatisation ( build- operate- transfer) schemes have been largely successful.
Its investments in major foreign infrastructure projects include Western Access Tollway in Argentina, three tolled highways, the Swarna Tollway, Chilkaluripet- Vijayawada Tollway and JaipurMahua Tollway, plus the Gautami power plant in India and the Binh An water treatment concession in Vietnam.
In Malaysia, the group owns and operates the NPE, Besraya and LEKAS expressways as well as the Kuantan Port.
IJM also owns a stake in the West Coast Expressway, which is currently being constructed.
The group had previously invested in and profitably sold several infrastructural assets in China.
IJM ventured into oil palm plantations in 1985 as a source of steady income to cushion the cyclical nature of its core construction business.
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’s better resilience weathering macroeconomic and input costs volatilities.
The group’s excellent track record and performance over three decades has seen it winning numerous awards in construction, property development, architecture and good governance, among others.
In The StarProperty. my Awards this year, it was a multiple winner, taking the All- Star Award: Top Ranked Developer of the Year, Family- Friendly Award and WOW Award.
With a workforce of over 4,400 employees, the group’s belief in a shared destiny with its employees remains pivotal to its growing success. It also believes in embracing diversity.
It became the first public- listed company in Malaysia to embrace Facebook At Work as a communication tool to improve team collaboration, productivity and efficiency – in line with its goal of enhancing the “3Cs” – Connect, Communicate and Collaborate. It lives up to its tagline “We Deliver”.
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