IJM Corporation Berhad (myx: 3336) is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities").[4] 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.[5]
Corporate Profile
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.[6]
In January 2026, Sunway Group launched a roughly MYR11 billion (US$2.7 billion) conditional takeover offer for IJM in a cash-and-stock deal, mostly payable in new Sunway shares.[7] The IJM board, advised by an independent adviser, urged shareholders to reject the bid citing that it undervalued the company.[8]
Company history
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.[9]
Subsidiaries
Construction
IJM Construction Sdn Bhd
Road Builder (M) Sdn Bhd
Jurutama Sdn Bhd
Commerce House Sdn Bhd
GR Commerce Sdn Bhd
IJM (India) Geotechniques Private Limited
IJM (India) Infrastructure Limited
IJM Building Systems Sdn Bhd
IJM Construction (Middle East) Limited Liability Company
IJM Construction International Limited Liability Company
Insitu Envirotech (M) Sdn Bhd
Insitu Envirotech (S.E. Asia) Pte Ltd
Insitu Envirotech Pte Ltd
Nilai Cipta Sdn Bhd
Prebore Piling & Engineering Sdn Bhd
Properties
IJM Land Berhad
IJM Properties Sdn Bhd
IJM RE Sdn Bhd
Aqua Aspect Sdn Bhd
Aras Varia Sdn Bhd
Bukit Bendera Resort Sdn Bhd
Casa Warna Sdn Bhd
Chen Yu Land Sdn Bhd
Delta Awana Sdn Bhd
Dian Warna Sdn Bhd
Emko Management Services Sdn Bhd
Emko Properties Sdn Bhd
ERMS Berhad
IJM Australia Pty Limited
IJM Lingamaneni Township Private Limited
IJM Management Services Sdn Bhd
Liberty Heritage (M) Sdn Bhd
Manda’rina (M) Sdn Bhd
Industries
Industrial Concrete Products Sdn Bhd
Malaysian Rock Products Sdn Bhd
Aggregate Marketing Sdn Bhd
Azam Ekuiti Sdn Bhd
Concrete Mould Engineering Sdn Bhd
Durabon Sdn Bhd
Expedient Resources Sdn Bhd
Global Rock Marketing Sdn Bhd
ICP Investment (L) Limited
ICP Jiangmen Co. Ltd
ICP Marketing Sdn Bhd
ICPB (Mauritius) Limited
IJM Concrete Products Pakistan (Private) Ltd
IJM Concrete Products Private Limited
Kamad Quarry Sdn Bhd
Kemena Industries Sdn Bhd
Kuang Rock Products Sdn Bhd
Plantations
IJM Plantations Berhad
Akrab Perkasa Sdn Bhd
Ampas Maju Sdn Bhd
Berakan Maju Sdn Bhd
Desa Talisai Palm Oil Mill Sdn Bhd
Desa Talisai Sdn Bhd
Cahaya Adil Sdn Bhd
Firdana Corporation Sdn Bhd
Gerbang Selasih Sdn Bhd
Excellent Challenger (M) Sdn Bhd
Gapas Mewah Sdn Bhd
Golden Grip Sdn Bhd
Gunaria Sdn Bhd
IJM Agri Services Sdn Bhd
IJM Edible Oils Sdn Bhd
Kulim Mewah Sdn Bhd
Laserline Sdn Bhd
Minat Teguh Sdn Bhd
Infrastructure
Toll operators
Besraya Sdn Bhd ( Sungai Besi Expressway)
New Pantai Expressway Sdn Bhd ( New Pantai Expressway)
Lebuhraya Kajang-Seremban Sdn Bhd ( Kajang–Seremban Highway)
Jaipur – Mahua Tollway Private Limited
RB Highway Services Sdn Bhd
Rewa Tollway Private Limited
Roadstar (India) Infrastructure Private Limited
Sukma Samudra Sdn Bhd
Swarnandhra Road Care Private Limited
Port operators
Konsortium Pelabuhan Kemaman Sdn Bhd
Toll operators
Besraya Sdn Bhd ( Sungai Besi Expressway)
New Pantai Expressway Sdn Bhd ( New Pantai Expressway)
Lebuhraya Kajang-Seremban Sdn Bhd ( Kajang–Seremban Highway)
Jaipur – Mahua Tollway Private Limited
RB Highway Services Sdn Bhd
Rewa Tollway Private Limited
Roadstar (India) Infrastructure Private Limited
Sukma Samudra Sdn Bhd
Swarnandhra Road Care Private Limited
Port operators
Konsortium Pelabuhan Kemaman Sdn Bhd (Kemaman Port)
