IJM Corporation

What IJM Corporation does

IJM Corporation Berhad is a Malaysian-listed (Bursa Malaysia: IJM) diversified engineering and infrastructure conglomerate founded in 1983 through the merger of three construction companies and headquartered in Petaling Jaya, Selangor, with approximately 3,600 employees as of June 2025. The group operates four integrated divisions: Construction (IJM Construction, including data centre delivery with Uptime Institute Tier III and LEED Gold accreditation), Property (IJM Land, with residential, commercial and industrial projects across Malaysia and the UK), Industry (ICP, which operates Southeast Asia's largest automated spun pile facility at Bestari Jaya and is the first in the region to produce large-diameter piles up to 90 metres, and IJM IBS, a SMART Industrialised Building System manufacturer), and Infrastructure (toll road concessions including NPE, BESRAYA and LEKAS, plus Kuantan Port, which processes around 26 million tonnes of cargo annually under a 40% strategic partnership with Guangxi Beibu International Port Group).

IJM generates revenue through project-based construction contracts, the sale of residential and commercial property units, the supply of precast concrete piles and IBS components, recurring toll road receipts, and port handling fees, with FY2026 group revenue of RM 6.88 billion split across construction (RM 3.6 billion), industry (RM 1.2 billion), property, and infrastructure concessions. Its go-to-market is enterprise direct sales targeting government agencies, hyperscale data centre operators and institutional developers for large projects, and direct-to-buyer sales for property units. The group holds a record RM 17.3 billion construction order book as of April 2026, of which 55% is from data centre and industrial building projects, and has internationalised into the UK through JRL Group (50% stake), the Innova joint venture with Network Rail (estimated GDV exceeding £7 billion across 12 London sites), Royal Mint Gardens, the Wheat Quarter, and the 25 Finsbury Circus office refurbishment.

The company is institutionally owned, with the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (KWAP) collectively holding over 43% of shares, and is pursuing three value-realisation initiatives (planned construction-arm listing, monetisation of matured toll concessions, and the ongoing India exit) to deliver RM 3 billion of shareholder distributions over three years following the lapse of Sunway Berhad's RM 11 billion takeover bid on 6 April 2026.

Name

IJM Corporation

Legal name

IJM Corporation Berhad

Website

https://ijm.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IJM Corporation Berhad is a Malaysian-listed diversified engineering conglomerate operating four divisions — Construction, Property (IJM Land), Industry (ICP piles and IJM IBS), and Infrastructure (toll roads and Kuantan Port) — serving government, hyperscale data centre operators, and property buyers across Malaysia, the UK, and selected Asian markets.

Ownership category

akta.pro rank

Product category

Diversified Construction and Infrastructure

NAICS

Other Heavy and Civil Engineering Construction (237990), Heavy and Civil Engineering Construction (237), Other Heavy and Civil Engineering Construction (2379)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Heavy Construction Other Than Bldg Const - Contractors (1600), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Right-of-way access, foundations & civil works for T&D projects (EUADAKAJ)

Keywords

• Construction services
• Property development
• Building materials manufacturing
• Infrastructure concessions
• Toll road operations

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction: Construction division generates revenue from building and civil engineering projects including data centres, industrial buildings, and infrastructure projects. FY2026 revenue surged 41.1% to RM3.6 billion.
2. Property Development: Property division develops residential, commercial, and industrial properties under IJM Land brand, with projects across Malaysia and UK.
3. Infrastructure Concessions - Toll: Toll road operations generating recurring revenue from highway concessions including NPE, BESRAYA, LEKAS, with New Pantai Expressway Extension (NPE 2) under construction.
4. Infrastructure Concessions - Port: Kuantan Port operations with 26 million tonnes annual cargo throughput, 40% partnership with Guangxi Beibu International Port Group.
5. Industry - Building Materials: ICP manufacturing of precast concrete piles and IJM IBS SMART building systems, serving internal construction needs and external customers. FY2026 revenue increased 17.6% to RM1.2 billion.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

IJM Corporation Berhad is a diversified Malaysian engineering and infrastructure conglomerate operating four core divisions: Construction (civil engineering, building works, data centres), Property (IJM Land residential, commercial, and industrial developments), Industry (ICP precast concrete piles and IJM IBS industrialised building systems manufacturing), and Infrastructure (toll road concessions and Kuantan Port operations). The group delivers turnkey construction services, develops long-cycle real estate assets, manufactures building materials, and owns and operates infrastructure concessions across Malaysia with growing international presence in the UK.

Product overview

IJM Corporation Berhad is a diversified Malaysian conglomerate operating four core divisions: Construction, Property (IJM Land), Industry (ICP and IJM IBS), and Infrastructure (Toll and Port). The Construction division provides engineering and building services for residential, commercial, infrastructure, industrial, and data centre projects. The Property division develops residential, commercial, and industrial properties across Malaysia with international exposure in the UK. The Industry division manufactures pretensioned spun concrete piles (ICP) and provides SMART industrialised building system solutions (IJM IBS). The Infrastructure division operates toll road concessions and Kuantan Port, providing recurring revenue streams. The group has expanded internationally with UK property developments through subsidiaries and joint ventures including JRL Group, Royal Mint Gardens, and the Innova Network Rail partnership. Recent strategic initiatives include data centre construction, the RM1.96 billion Sedenak industrial park JV in the Johor-Singapore SEZ, and portfolio optimisation targeting RM3 billion shareholder distributions over three years.

Differentiator

Problem solved

Functional benefit

Brands

• IJM Construction: Construction division providing civil and building construction services including data centre development
• IJM Land
• ICP (Industrial Concrete Products)
• IJM IBS
• Kuantan Port

Products and services

• IJM Construction Construction services across residential, commercial, infrastructure, industrial buildings, and data centre projects in Malaysia and international markets, with Uptime Institute Tier III certification and LEED Gold accreditation capabilities.
• IJM Land Property development of residential, commercial, and industrial projects across Malaysia (e.g. Bandar Rimbayu, The Light Waterfront Penang, Emerald Hillview) with international UK exposure.
• ICP (Industrial Concrete Products) Manufactures PHC (Pretensioned Spun Concrete) piles and pretensioned spun concrete piles, including large-diameter piles up to 90 metres, operating Southeast Asia's largest automated spun pile facility at Bestari Jaya.
• IJM IBS (Industrialised Building Systems) SMART IBS solutions integrating IR4.0 automation technologies for precast manufacturing, enabling accelerated project delivery with precision and sustainability for mission-critical developments.
• IJM Toll Roads Operates and manages toll road concessions including New Pantai Expressway (NPE), BESRAYA, and LEKAS highways, providing recurring toll revenue and transportation infrastructure services.
• Kuantan Port Strategic maritime gateway processing approximately 26 million tonnes of cargo annually, with a 40% partnership with Guangxi Beibu International Port Group supporting Malaysia-China trade and Belt and Road Initiative connectivity.
• IJM Land Sedenak Industrial Park RM1.96 billion industrial and commercial development within the Johor-Singapore Special Economic Zone, covering 307.17 acres in Sedenak, Kulai, designed for advanced manufacturing, biopharmaceuticals, renewable energy, and integrated logistics.

Quantifiable outcome

• 55% of Malaysian construction order book from data centre and industrial projects
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Southern Catalyst Sdn Bhd (SOCAT)flagshipStrategic or Co-development Partner · 25 May 2026Joint venture to develop a RM1.96 billion industrial park in Sedenak, Johor-Singapore Special Economic Zone. IJM Land holds 70% equity stake while SOCAT holds 30%. The development spans 307.17 acres over 6-8 years, supporting advanced manufacturing, biopharmaceuticals, renewable energy, and integrated logistics.
• Guangxi Beibu International Port GroupcoreStrategic or Co-development Partner · 1 January 201340% strategic partnership formed in 2013 ahead of Belt and Road Initiative announcement. Partnership supports Kuantan Port expansion including New Deep Water Terminal, working with MCKIP and MCKILP to form connected ecosystem linking ports, industry and logistics.
• JRL GroupcoreStrategic or Co-development PartnerIJM holds 50% equity interest in JRL Group, a leading UK construction company established in 1996 with integrated contracting and engineering capabilities. JRL delivers residential, commercial and institutional projects and supports IJM's long-term expansion in the UK market.
• Network Rail (Innova Partnership)flagshipStrategic or Co-development PartnerInnova is a joint venture between IJM's UK subsidiary and Network Rail Property focused on developing 12 underutilised rail-linked sites across key London locations. Estimated GDV exceeding £7 billion for mixed-use developments including homes, commercial, life-sciences and logistics spaces.
• Staycity GroupcoreChannel Partner/ Reseller/ Distributor30-year lease agreement with Staycity Group for 463-room aparthotel under Wilde brand at 88 Royal Mint Street development in central London. Project targeted for completion in 2028.

Scale indicators15 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• WCT Holdings Berhad: WCT is a Malaysian engineering and construction group with operations in civil engineering, building construction and property development — a comparable profile to IJM Construction and IJM Land for mid-tier Malaysian infrastructure and real estate projects.
• Gamuda Berhad: Gamuda is one of Malaysia's largest engineering and infrastructure groups with parallel exposure to construction, property development and water concessions — closely mirroring IJM's four-division platform and its core business of civil engineering and large-scale infrastructure delivery in Malaysia.
• UEM Sunrise Berhad: UEM Sunrise combines Malaysian property development with construction and infrastructure concessions under UEM Group, paralleling IJM's mix of property, construction and toll-road infrastructure businesses in Malaysia.
• Eco World Development Group Berhad: Eco World is a Malaysian-listed property developer with townships and industrial developments (including near the JS-SEZ), directly comparable to IJM Land's residential and industrial park developments in Iskandar Malaysia.
• Malaysian Resources Corporation Berhad (MRCB): MRCB is a Malaysian construction and property group with experience in large-scale transit-oriented developments (e.g., KL Sentral), making it a direct peer to IJM's construction and property development businesses in Malaysia.
• Sunway Berhad: Sunway is the Malaysian conglomerate that launched the RM11 billion takeover bid for IJM in 2026; it is one of the closest comparables given its construction, property, healthcare and infrastructure businesses operating in identical Malaysian end markets.
• SP Setia Berhad: SP Setia is Malaysia's largest property developer by land bank and revenue, directly comparable to IJM Land's residential and commercial development pipeline across Malaysia with similar exposure to integrated township projects.
• Balfour Beatty plc: Balfour Beatty is a UK-listed international infrastructure and construction group with rail, property and engineering services — directly comparable to IJM's UK operations through JRL Group and the Innova Network Rail joint venture.
• Westports Holdings Berhad: Westports operates Malaysia's largest container port and is the most direct domestic comparable to IJM's Kuantan Port operations, sharing the same regulatory and concession-driven recurring-revenue model.

Broad incumbents

• YTL Corporation Berhad: YTL is a diversified Malaysian conglomerate with construction, property, utilities and infrastructure businesses (including toll roads) — a broader incumbent peer that overlaps with IJM's diversified platform while operating across more industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ijmcareer
• LinkedInmy.linkedin.com/company/ijm-corporation-berhad
• Instagraminstagram.com/ijmcorporationberhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IJM Corporation