IJM wins RM422mil building contracts in Penang

Artist rendering of ASE Malaysia’s new facility with a built-up area of 982,000 square feet in the Bayan Lepas Free Industrial Zone.

KUALA LUMPUR: IJM Corp Bhd’s wholly owned subsidiary, IJM Construction Sdn Bhd has secured two contracts for the construction of a manufacturing facility and a commercial tower in Penang worth RM422.18mil in total.

These job wins in Penang came on the heels of IJM securing two major contracts in Selangor last month – an RM831mil construction contract for a government hospital in Kapar and an RM150.8mil contract for the construction of an Inland Revenue Board (IRB) office tower in Shah Alam.

In a statement, IJM said IJM Construction received a letter of award (LOA) from ASE Electronics (M) Sdn Bhd (ASEM), the Malaysian subsidiary of Advanced Semiconductor Engineering, Inc, for the construction of its new chip assembly and testing facility with a contract value of RM341.39mil.

The construction of ASEM’s new semiconductor assembly and testing facility will comprise two buildings (Plants 4 and 5) with a built-up area of 982,000 sq 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.

IJM Construction has taken possession of the project site following a ground-breaking ceremony which took place on Nov 10. The project is scheduled for completion in 2025.

The second contract is for the construction of the 45-storey Maritime Signature commercial tower located at Karpal Singh Drive in Georgetown.

Jurutama Sdn Bhd, a wholly owned subsidiary of IJM Construction received the LOA with a contract value of RM80.79mil from Bionic Development Sdn Bhd in October.

Construction for the commercial tower comprising office suites, shop lots, duplex units, and car parking podium is set to commence in December 2022 and will be completed within 42 months.

IJM Construction’s order book remains healthy at RM4.8bil, comprising a good mix of private and public sector as well as building construction and civil engineering projects that provide near-term earnings visibility.

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