| IJM Corporation Berhad | |
| Type: | Public limited company |
| Isin: | MYL3336OO004 |
| Founded: | 1983 |
| Founders: | Yap Lim Sen Koon Yew Yin Koh Boon Chor |
| Key People: | |
IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities").[3] Its core business activities encompass construction, property development, manufacturing and quarrying and Infrastructure concessions. 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, Singapore, Australia, United Arab Emirates, China, Indonesia and India.[4]
The result of a merger between three medium-sized local construction companies – IGB Construction Sdn. Bhd. (Ipoh Garden Bhd.), Jurutama Sdn Bhd and Mudajaya Sdn Bhd, IJM was formed in 1983.
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 Land Berhad is one of the largest property developers in Malaysia with townships, commercial buildings and high-rise condominiums under development in key growth areas throughout the country. IJM has also 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 scale-able 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 market diversifications into China, India and Pakistan.
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 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. 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. The Group's market capitalisation stood at RM9.83 billion as of 30 June 2014 and total assets stood at RM18.4 billion as of 31 March 2014.[5]
I → IGB Construction Sdn Bhd was incorporated in 1981
J → Jurutama Sdn Bhd was incorporated in 1970 as Soon Tat Construction Sdn Bhd
M → Mudajaya Construction Sdn Bhd was incorporated in 1965 as Chye Hin Construction Co Ltd. In 1997, the name was changed to Mudajaya Corporation Berhad (a construction company of Mudajaya Group Berhad)
In 1982, in a friendly takeover, IGB Corporation Bhd acquired all the shares in Jurutama and Mudajaya.Following this acquisition, Solidstate Sdn Bhd was incorporated (1983) and, in 1984, the name was changed to IJM Engineering and Construction Sdn Bhd. IGB then transferred all its equity interests in Jurutama and Mudajaya together with that of IGB Construction in exchange for shares in this newly incorporated company. IJM had thus become IGB's holding company for its construction interests.In 1986, IJM turned public. An application made for its shares to be listed on the Bursa Malaysia Securities Berhad was subsequently obtained in September 1986.
To better reflect the Group's diversified nature of activities, the present logo and a new name, IJM Corporation Berhad, was adopted in 1989.[6]