IJM is one of Malaysia ‘s prima building groups and is listed on the chief board of Bursa Malaysia. Its concern activities encompass building, belongings development, fabrication and quarrying, substructure grants and plantations.
Headquartered in Selangor, Malaysia, IJM ‘s regional aspirations have seen it set up a turning presence in neighboring developing markets with operations soon crossing 11 states, with primary focal point in Malaysia, India, United Arab Emirates, China and Indonesia.
IJM ‘s phenomenal growing over the past two and a half decennaries is the consequence of its firm focal point on its nucleus competences, variegation into strategically related concerns and selective enlargement into new markets.
A merchandise of a amalgamation between three medium sized local building companies – IGB Construction Sdn Bhd, Jurutama Sdn Bhd and Mudajaya Sdn Bhd, IJM was born in 1983 with an overarching intent of viing more efficaciously against bigger foreign challengers. The Company quickly established itself as a professionally managed building group and shortly gained market credence. Over the old ages, the Company increasingly built on its competitory art, fiscal capacity and reputation to beef up its terms as a serious local contractor.
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In April 2007, IJM acquired the Road Builder Group ( “ RBH ” ) , its nearest rival, to augment its place as the state ‘s 2nd biggest builder. In add-on to bolstering its building order book, belongings land bank and substructure portfolio, the hypertrophied Group enabled IJM to gain considerable interactive benefits from the amalgamation, greater local prominence every bit good as attain a more ample balance sheet to offer for larger occupations and ease its enlargement into abroad markets.
IJM ‘s project as a belongings developer began as a natural patterned advance from its huge experience and expertness in building. The Group ‘s belongings arm has since grown well. Listed on the Main Board of Bursa Malaysia, IJM Land Berhad is soon one of the largest belongings developers in Malaya with sprawling townships, commercial edifices and tower block condominiums under development in cardinal growing countries throughout the state. The Group has besides made important inroads as a reputable developer into India in recent old ages. Besides this, it has besides undertaken ventures overseas in the past such as in USA, Singapore and Australia.
Initially back uping its fabrication and quarrying operations with in-house orders, the Group ‘s Industry Division rapidly grew its operations into scalable nucleus activities focused on demand outside the Group. IJM continued to spread out on its operations in the Division through strategic acquisitions such as the coup d’etat of Industrial Concrete Products Berhad in 2004 and successful market variegations into China, India and Pakistan.
Leveraging on its building expertness, the Group besides targeted substructure investings to make long-run perennial income watercourses. Initial promotions into grant assets in Malaysia nevertheless proved elusive, therefore an international focal point was adopted. IJM ‘s engagement in abroad substructure denationalization ( Build-Operate-Transfer ) schemes met with enormous success. Amongst the Group ‘s investings in major abroad substructure undertakings are the Western Access Toll manner in Argentina, five tolled main roads in India and the Binh An H2O intervention grant in Vietnam. In Malaysia, IJM operates two urban main road and port grants from the RBH amalgamation and has one toll route presently being constructed. The Group had antecedently invested in and productively sold several substructure assets in China.
The Group besides showed considerable foresight by embarking into plantations in 1985 as a beginning of steady income to buffer the cyclical nature of its core building concern. This investing has since paid off handsomely. Now listed on the Main Board of Bursa Malaysia, IJM Plantations Berhad has contributed significantly to the Group ‘s net incomes over the old ages and besides helped bolster the Group during the economic downswing in the Asiatic fiscal crisis in 1997. It is presently spread outing its plantation land bank into Indonesia and is at the initial phases of its oil thenar fresh fruit Bunches buying and milling concern in India.
When IJM went public in 1986, it had a market capitalization of RM66 million and entire assets of RM172 million. As at 31 March 2009, the Group ‘s market capitalization and entire assets stood at around RM4 billion and RM12 billion severally.
To be an internationally competitory Malayan builder of universe category substructure and edifices.
To present the highest criterions of public presentation in all our ventures with the IJM Mark of Excellence
We strive to:
Uphold the highest criterions of professionalism and model corporate administration to maximize the benefits for all stakeholders ;
Respect the different civilizations, gender, faith, human rights and self-respect of our stakeholders ;
Ensure the quality of our merchandises and services exceeds our clients ‘ outlooks ;
Make a contributing environment for squad spirit among our employees to work towards a incorporate work force ; and
Be a responsible and well-thought-of corporate citizen with concerns for societal, safety, wellness and environmental issues.
Construction has been IJM ‘s nucleus concern since its formation. Synergies for growing were forged as the Group sought to diversify into other sectors related to its core building concern. IJM ‘s amalgamation with Road Builder ( M ) Holdings Berhad in early 2007 farther bolstered the Group ‘s building art and enhanced its graduated table of operations. Today, IJM is one of Malaysia ‘s largest and most diversified building group in footings of undertakings undertaken and geographical spread. Having earned a solid repute in each of its specialized building Fieldss, IJM is efficaciously Malaysia ‘s largest “ Construction Supermarket ” .
Highwaies, Roads and Bridges
Airports, Railways & A ; Monorails
Foundation, Water Supply & A ; Marine Work
Power, Oil & A ; Gas
Undertakings undertaken and successfully completed include:
The North Klang Valley Expressway,
Several subdivisions of the North-South Expressway,
The Jelutong Expressway in Penang,
The U4 Expressway in Putrajaya,
The Kuala Lumpur International Airport Runway 2 and MAS Cargo Terminal,
The Kuala Lumpur Light Rail Transit,
KTM dual trailing, pelabuhan tanjung pelepas rail nexus,
Petronas Gas Processing Plant 5 and 6 in Terengganu,
Port Klang Power Station, and
The Kuala Terengganu Water Treatment Plant.
Resorts, Hotel & A ; Clubs
Condominiums & A ; Housing
Commercial & A ; Cultural Complexes
Hospitals, Clinics & A ; Medical Centres
Preservation and Renovation
In edifice building and industrial edifice systems, IJM has successfully built brilliant tower block edifices and landmarks that characterise the state ‘s skyline.
In its portfolio of building undertakings, IJM has built:
The world-class Mid Valley Megamall in Kuala Lumpur,
Epicurean condominiums such as the Hampshire Park, Riana Green and Sri Pangkor Condominiums, and
Impressive hotels, resorts and nines such as the Renaissance and the New World hotels in Kuala Lumpur, the Pan Pacific Resort in Pulau Pangkor, the Berjaya Hotel and Beach Resort in Mauritius and the Riviera Bay Resort in Melaka.
Other landmarks to add to its impressive portfolio are turnkey undertakings undertaken that include:
The Putrajaya Convention Centre
The National Heart Centre,
The Ministry of Works Office Complex,
The National Theatre in Kuala Lumpur,
The Putrajaya Clinic and Hospital, and
The Putrajaya Library.
Leveraging on the Group ‘s building expertness, the Group expanded into belongings development and direction. This Division was among the innovators to come in into the privatized mass lodging undertakings in Selangor and Penang in the early 80 ‘s. Its success spearheaded the Group into belongings development that has now become a major portion of the Group ‘s activities. Since so, the Properties Division has made impressive inroads into the development of monolithic mixed-use developments, ambitious orbiter townships, large-scale condominium undertakings, industrial and office Parkss and corporate central office of major local and international corporations.
The Properties Division takes pride in its punctilious planning to present undertakings that meet client outlooks in every facet of design, environment, landscape, map and aesthetics. Every undertaking is guaranteed of completion on clip with high criterions of quality backed by IJM Construction ‘s ISO 9002 criterions every bit good as the IJM Quality and Safety Assessment System ( IQSAS ) .
After completion, IJM ‘s belongings ventures are good serviced and managed. Its subordinates and an associate company supply care and security services for belongingss managed or developed by the Group. These include the full scope of belongings direction, post-completion direction and other care services. The Group ‘s high-quality care criterions of its edifices guarantee a clean and healthy environment for its residents and continued high value for belongingss. These are the of import factors that contribute to IJM ‘s success in belongings development.
Today, IJM ‘s belongings development are concentrated in the high growing countries of the state, covering the full scope of residential, commercial, retail, industrial and mixed-use developments.
IJM took the chance to transform its internal edifice stuff operations, such as quarrying and ready-mixed concrete, into a nucleus activity when demand grew significantly outside the Group, puting the foundation for the Group ‘s nowadays Industries Division.
Besides being one of Malaysia ‘s largest quarrying groups, the Industries Division ‘s enlargement in steel fiction workss, scaffolding leases and the industry of prestressed concrete hemorrhoids concern has become a significant subscriber to the Group ‘s activities.
Today, IJM ‘s subordinates, Strong Mixed Concrete Sdn. Bhd. have emerged as a niche participant in the extremely competitory ready-mixed concrete concern while Scaffold Master Sdn. Bhd. ‘s concern in scaffolding leases is the largest in the state. Malayan Rock Products is one of Malaysia ‘s largest quarrying groups, with an one-year capacity transcending 6.5 million dozenss of granite and industrial-use rocks. It is the first prey in Malaysia to be awarded the ISO 9002 certification for its quality direction in sum and premix production. Its preies are located in the Klang Valley, Johor Bahru and Kuantan.
Industrial Concrete Products Berhad, a public listed associate company of the Group, is the state ‘s largest maker of prestressed spun concrete hemorrhoids. An ISO 9002 certified company ; its merchandises are besides exported.
Other merchandises manufactured by the Group include HDPE pipes and armored combat vehicles.
IJM ‘s variegation scheme besides saw its entry into the oil thenar plantation concern.
Incorporated in 1985, IJM Plantations Berhad has an extended country of well-managed oil thenar plantations of over 22,000 hectares consisting of 14 estates and a plantable modesty of 8,000 hectares in Sandakan, Sabah.
Complementing the plantations, the Division has three thenar oil Millss capable of treating 750,000 metric tons of oil thenar fruits per twelvemonth. These state-of-the-art processing Millss systematically produce consequences above the industry ‘s mean. In add-on, the Division has set up a thenar meat suppression works with a capacity of 250 metric tons per twenty-four hours for the processing of byproducts.
Significant investings have besides been made in Research and Development and preparation to keep the Division ‘s competitory border good into the hereafter. A Research and Training Centre has been established for this intent along with tests on oil thenar assortment betterment and scientific agriculture. Training plans have been initiated to maintain staff abreast with the latest best patterns and to heighten operational efficiencies. The Division takes pride in its ain production of quality intercrossed seeds to run into the demands of its enlargement.
The Division ‘s other complementary and downstream activities include the trading of agrochemical and fertilisers and agromanagement services. Activities in the grapevine include port and bulking services for the industry.
IJM Plantations Berhad was listed on the chief board of the Malaysia Securities Exchange Berhad ( MSEB ) in July 2003 and is a subordinate company of the IJM Group.
Following its amalgamation with Road Builder ( M ) Holdings Berhad in early 2007, IJM to the full owns and operates two urban toll grants in Malaysia, viz. the Sungai Besi Highway and New Pantai Highway. In add-on, IJM entirely owns Kuantan Port and 39 % of Kemaman Port, both located on the East Coast of Peninsular Malaysia.
aˆ? Highway Toll Concessions
The 6-lane Sungai Besi Highway commenced tolling in 1999 and has since been a critical arteria that runs southbound from the Jalan Istana Interchange in Kuala Lumpur to Universiti Putra Malaysia, Putrajaya and Seremban. The toll manner provides convenient handiness for route users to make landmark finishs such as the Selangor Turf Club, The Palace of Golden Horses, Mines Wonderland, Mines Shopping Center and South City Plaza. The toll manner besides offers users a host of installations from automated toll aggregation lanes to petrol booths, nutrient stables and more and is moreover ISO 9002 certified.
The New Pantai Expressway, opened in early 2004, is a 19.6 kilometer double 3-lane carriageway and incorporates an Intelligent Transportation System that relies on fibre ocular communicating to convey variable messages to drivers in front of clip. The main road, which was ab initio intended to relieve traffic congestion along the Federal Highway Route II, is progressively going a popular option for automobilists from the dumbly populated countries of Subang Jaya, Old Klang Road, Pantai and Bangsar enjoy a drum sander thrust into Kuala Lumpur City Centre.
aˆ? Port Operationss
In line with authorities ‘s program to turn the East Coast of Peninsula Malaysia into a regional petrochemical hub, Kuantan Port and Kemaman Port both play outstanding functions as taking nautical trade and logistic Centres in the part.
Strategically located in the province of Pahang on the eastern seaside of Peninsular Malaysia, Kuantan Port is developing into a major international port in tandem with the rapid enlargement of the industrial and fabricating activities of the East Coast Corridor. Supported by first-class port installations and services, a huge market outreach and a strong web of planetary transportation connexions have strengthened the place of Kuantan Port as a petrochemical hub port and a major container terminus of the East Coast part.
Kuantan Port Consortium Sdn Bhd besides operates Kemaman Port ‘s 510 meter long West Wharf. Besides the West Wharf, we have taken 39 % involvement in the denationalization of Kemaman Port to pull off and run the East Wharf and Liquid Chemical Berth under Konsortium Pelabuhan Kemaman Sdn Bhd.
In add-on to the Kemaman Port operations, we have besides taken involvement in the development of the next Teluk Kalung Industrial Area in Kemaman. The country provides first-class logistics and is a cost effectual solution for heavy, chemical and petrochemical industries.
IJM has besides made its grade in several major international joint venture undertakings affecting substructure investings in Latin America, India, Vietnam and China.
In 1996, the Group entered into an understanding with companies from Argentina, Brazil and Mexico to take part in the Western Access Tollway Project in Buenos Aires, Argentina. The ensuing joint-venture company was granted a “ Build, Operate and Transfer ” grant for the impressive 55km expressway from Buenos Aires to Lujan. The joint-venture company, Grupo Concesionario del Oeste S.A is now listed on the Buenos Aires Stock Exchange.
In India, the Group has made important inroads into the building of major main roads and is today one of the taking foreign route contractors at that place. IJM has to day of the month, secured 5 toll grants on a built-operate-transfer ( “ BOT ” ) footing – Swarna Tollway in Andra Pradesh, Rewa Tollway in Madya Pradesh, Jaipur-Mahua Tollway in Rajasthan and Trichy Tollway in Tamil Nadu, of which the latter 2 are soon under building.
In Vietnam, the Group has a major interest in the first of all time built-operate-transfer ( “ BOT ” ) Binh An Water Supply strategy. The strategy now supplies over 100,000 three-dimensional metres of drinkable H2O daily to Ho Chi Minh City.
The Group ‘s grants in China, acquired in the mid-90 ‘s, have been productively disposed of in recent old ages. These include:
A important interest in the Guangdong Provincial Expressway Development Co Ltd, which operates two freewaies that form a national bole route plus a major span across the Jiujiang River.
A joint-venture company runing the grant rights for toll aggregation, direction, operation and care of the Yangzhong Changjiang Bridge for 25 old ages, and
A joint-venture company which successfully completed the building and operation of the Wuxi Nenda Co-Generation Plant, Xishan City, Jiangsu Province.
Corporate SOCIAL RESPONSIBILITY
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Corporate duty ( “ CR ” ) is an built-in portion of IJM ‘s concern doctrine and corporate civilization.
Our embracing of good CR stems from our aspiration to present sustainable value and betterments to society, over the long term, by using best patterns in our cardinal functions as:
A seaport for capital and endeavor in the market place ;
A nurturer of the environment ;
A developer of communities ; and
A supplier of chances at the workplace.
The policy statement is farther expanded in the Group ‘s CSR Framework. The Group strongly subscribes to the basic rules of CSR as set out in Bursa Malaysia ‘s CSR Guidelines, as a footing for its ain CSR Framework as reflected in the diagram:
IJM ‘s accent on Corporate Social Responsibility ( CSR ) reflects its strong belief that economic success must be accompanied by a sustainable positive impact on the environment and society. This doctrine is guided by the Group ‘s CSR Framework and policy statements, and is embraced in all its operations through a broad scope of environmental-friendly and operational best direction patterns to accomplish long term sustainable addition for all stakeholders. The Group ‘s building concern, cognisant of its imprint on the environment, has committed itself to the codification of behavior prescribed in Environmental Management System ISO 14001, while our plantations unit employs sound agronomic environmental patterns and continues to be involved in the Roundtable on Sustainable Palm Oil ( RSPO ) to advance environmental issues, growing and sustainable production and usage of palm oil.
The Group is committed to guarantee the highest criterions of good administration, ethical concern behavior and values are practised throughout its operations. As portion of the Group ‘s philanthropic attempts, it has carried out legion community programmes in countries of societal public assistance, instruction and athleticss development and will go on to place activities where its support can do a existent difference. The Group is besides committed to supply for the well-being at the workplace through increased consciousness, answerability and continual preparation of employees and contractors towards the behavior of all activities in an ethical, environmentally responsible, safe and healthy mode.
Mentality for order book sweetening appears assuring as authoritiess accelerate financial stimulation disbursement to spur economic growing whilst input cost direction will be accentuated following volatile monetary value fluctuations the old twelvemonth. Continued focal point on both these aims is imperative for better public presentation.
The Domestic Construction Sector recorded a positive growing for the 2nd consecutive twelvemonth in 2008 by registering a growing rate of 2.1 % ( 2007: 4.6 % ) . The growing was supported by activities across the three sub-sectors in civil technology, residential and nonresidential.
The Federal Government ‘s development outgo increased by 23.5 % in the first half twelvemonth of 2008, chiefly to finance the building of new undertakings and upgrading of bing substructure installations.
FY 2009 was a hard twelvemonth for the Division due to the unprecedented addition in planetary monetary values of edifice stuffs at a clip when the Division ‘s order book was at a record high. In add-on, the intensification of the planetary fiscal convulsion and resulting recognition crunch further dampened the public presentation of the Division.
During the fiscal twelvemonth ended 31 March 2009, the Construction Division recorded a turnover of RM2,355.26 million which represented a fringy addition of merely 0.1 % from the old period ( FY 2008: RM2,353.15 million ) ensuing from a lag in Billingss due to restraints faced in edifice stuffs supplies following drawn-out additions in stuff monetary values. Its pre-tax net income decreased well by 76 % to RM40.33 million ( FY 2008: RM165.56 million ) mostly due to surging building stuff costs and higher adoption costs incurred by its abroad undertakings, peculiarly in India. The consequences were besides impacted by the write down of net incomes recorded in old old ages due to decrease in ultimate net incomes to completion.
In FY 2009, the Division successfully completed several undertakings including the PJ8Development in Petaling Jaya, KLCC Luxury Condominium in Kuala Lumpur, Alam Warisan Package 2 & A ; 3 and Maritime Centre Package 2 in Putrajaya, and The Spring condominium in Penang. In India, completed undertakings included the elevated viaduct and three elevated Stationss on Shahdara-Dilshad Garden Corridor of the Delhi MRTS ( Phase II ) in New Delhi. In the Middle East, the Shaikh Khalifa Bin Salman Highway – Phase V Zallaq Flyover in Bahrain was besides completed.
The Division successfully replenished its order book to RM4,238.00 million in FY 2009 by procuring extra contracts amounting to RM2,143.00 million. Among the major undertakings secured in Malaysia included the Hotel Grand Hyatt ( RM544.90 million ) , Package 1 of the Electrified Double Track Project from Seremban to Gemas ( RM343.09 million ) and SS2 Commercial & A ; Shopping Complex ( RM157.55 million ) . In India, major undertakings secured included the Six Laning of Chilkaluripet- Vijayawada Section of National Highway-5 from KM355 to KM434.15 ( RM550.00 million ) and DMRC Amel C-2 for the Viaduct and Dhaula Kuan Station of the Airport Metro Express ( RM144.93 million ) .
Given the current hushed economic environment, the Construction Division expects to go on confronting disputing times. Nevertheless, with the execution of the Government ‘s pump-priming attempts for case in Malaysia, via an initial RM7 billion stimulus bundle and another RM60 billion “ mini budget ” during FY 2009, chances are now looking for order book sweetening.
In response to the extremely unsure and hard economic and fiscal environment, the Division recognises the demand to beef up its public presentation and sustain competences by heightening its operational efficiency and effectivity. In its attempts for uninterrupted betterment to present high quality merchandises to our valued clients, the Division continues to better on its environmental, safety and wellness patterns, quality control procedures to guarantee conformity with all applicable Government ordinances and statute laws. As portion of its hazard direction programme, the Division continues to regularly reexamine its policies, processs and procedures to better on controls towards accomplishing the Company ‘s aims. In add-on, the Division has placed greater accent on effectual cost and resource direction by continuously bettering on budgeting and coverage procedures in all its undertakings.
These can be portion of fond regards:
PBT: Net income Before Tax
*includes portion of associate and joint venture ‘s gross
**excludes non-recurring damage of good will