BUSINESS

IJM Corp Secures RM561 Mln Contracts Via Subsidiary

19/08/2024 06:58 PM

KUALA LUMPUR, Aug 19 (Bernama) -- IJM Corp Bhd’s wholly owned subsidiary IJM Construction Sdn Bhd has secured two contracts worth a combined RM561 million comprising a data centre in Johor and an industrial manufacturing facility in Penang.

In a statement today, IJM Corp said a 50:50 joint venture between Woh Hup Malaysia Sdn Bhd and IJM Construction has been awarded a RM508 million contract from an international data centre developer.

The project involves the construction of two data centre buildings in Gelang Patah, Johor, with building one scheduled for completion in the third quarter of 2025 (3Q 2025) and building two in 1Q 2026.

The group said IJM Construction has also secured a RM307 million contract for the construction of a new electrical and electronic (E&E) manufacturing and warehousing facility in Batu Kawan, Penang.

It added that the state-of-the-art 560,000-square-foot facility, located on an 8.09-hectare (20-acre) plot within the Bandar Cassia Technology Park, is for a US-based company in the E&E sector, which aims to support growth in the semiconductor capital equipment and healthcare device markets. 

Construction of the facility is set to begin in August 2024, with completion expected by October 2025.

IJM Corp group chief executive officer/managing director Lee Chun Fai said securing these contracts highlights IJM Construction’s expertise in managing complex projects on accelerated schedules, as specialist builders of industrial buildings, data centres and integrated logistics centres. 

“The increasing demand for data centres and E&E facilities aligns with our strategic focus, opening new avenues for growth in these critical sectors. Collaborating with reputable partners such as Woh Hup enhances our ability to meet industry demands and deliver reliable results,” he added.

The two contracts have brought IJM Construction’s secured jobs year-to-date to RM1.9 billion. Including the RM6.0 billion outstanding order book as of March 31, 2024, the group’s total order book now stands at RM7.9 billion.

-- BERNAMA


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