KUALA LUMPUR (Nov 23): IJM Corp Bhd has secured two contracts for the construction of a manufacturing facility and a commercial tower in Penang worth RM422.18 million, sending its construction orderbook to RM4.8 billion.

These job wins in Penang came on the heels of IJM securing two major contracts in Selangor last month — a RM831 million construction contract for a government hospital in Kapar and a RM150.8 million contract for the construction of an Inland Revenue Board (IRB) office tower in Shah Alam, said IJM Corp in a statement on Wednesday (Nov 23).

The first contract is for the construction of a new chip assembly and testing facility with a value of RM341.39 million, awarded by ASE Electronics (M) Sdn Bhd (ASEM), while the second contract is for the construction of a 45-storey Maritime Signature commercial tower located at Karpal Singh Drive in Georgetown, valued at RM80.79 million, and awarded by Bionic Develoment Sdn Bhd.

ASEM is the Malaysian subsidiary of Advanced Semiconductor Engineering Inc, a global provider of semiconductor manufacturing services in assembly and test.

Located in Penang’s Bayan Lepas Free Industrial Zone, the construction of ASEM’s new semiconductor assembly and testing facility will comprise two buildings, namely, plants 4 and 5 with a built-up area of 982,000 square feet.

The two buildings will be constructed over two phases, consisting of a six-storey production floor space, office space, multi-storey car parks, a link bridge, as well as a centralised utility building base.

Meanwhile, the Maritime Signature commercial tower, comprising of office suites, shoplots, duplex units and a car parking podium, is set to commence in December this year and will be completed within 42 months.

IJM Corp group chief executive officer and managing director Liew Hau Seng said the group’s solid track record for building construction has consistently enabled it to secure contracts from existing and new clients.

These two job wins, he noted, reaffirm IJM Construction’s market leadership as the builder of choice in Penang.

“We are delighted that ASEM has chosen IJM Construction to deliver their building expansion project, riding on the rapid growth witnessed by the semiconductor industry.

“Despite continued economic uncertainty, the key markets in which IJM operates [in] remain strong and with our continued policy of developing key strategic relationships with both our clients and supply chain, we are confident that the recent order book wins will place the company in a secure position for the future,” said Liew.

Among IJM Construction’s ongoing construction projects in Penang are the Mezzo residential tower — a 34-storey hotel and office tower, the Waterfront Shoppes retail mall and the Penang Waterfront Convention Centre at The Light City, Gelugor, as well as a factory expansion for the leading electronics manufacturing firm ViTrox Corporation Bhd’s facility in the Batu Kawan Industrial Park.

Source: EdgeProp, 23 November 2022.