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Fri November 15 2024

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IJM wins two more contracts in Penang

23 Nov 22 Malaysian contractor IJM Construction has won two contracts in Penang worth a total RM422.18m (£76m).

ASEM's assembly and testing facility is due for completion in 2025
ASEM's assembly and testing facility is due for completion in 2025

ASE Electronics (ASEM), the Malaysian subsidiary of Taiwanese firm Advanced Semiconductor Engineering, has appointed IJM as main contractor for a new semiconductor assembly and testing facility in Penang鈥檚 Bayan Lepas free industrial zone. This contract is worth RM342.4m.

The facility will comprise two buildings totalling 982,000 square feet to be constructed over two phases. They will consist 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 site following a ground-breaking ceremony which took place on 10th November 2022. The project is scheduled for completion in 2025.

鈥淲e are delighted that ASEM has chosen IJM Construction to deliver their building expansion project, riding on the rapid growth witnessed by the semiconductor industry,鈥 said Liew Hau Seng, group CEO and managing director of IJM.

鈥淭he client has called for green construction methods that emphasise ecological balance, conservation, and resource recycling and reuse to be adopted for the project. This aligns well with our group鈥檚 sustainability agenda and proven expertise in聽constructing green building projects in Malaysia,鈥 added Liew.

The second contract is for the construction of聽the聽45-storey聽Maritime Signature聽commercial tower located at Karpal Singh Drive in Georgetown. The client is Bionic Development, a subsidiary of the UK-based Bionic Group, a specialist in the provision of multimedia solutions to the construction industry.

Construction of the tower, comprising offices, shops, duplex units and car parking, is scheduled to start in December with completion expected within聽42聽months.

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This contract, valued at RM80.79m, was awarded to Jurutama, a wholly owned subsidiary of聽IJM Construction聽in October.

These two contract wins in Penang came on the heels of IJM securing two major contracts in Selangor last month: a RM831m construction contract for a government hospital in Kapar and a RM150.8m contract for the construction of an Inland Revenue Board (IRB) office tower in Shah Alam.

IJM Construction鈥檚 ongoing construction projects聽in Penang聽include聽Mezzo residential tower, a 34-storey hotel and office tower, Waterfront Shoppes聽retail mall and聽Penang Waterfront Convention聽Centre at The Light City, Gelugor.

IJM is also building a聽factory extension for electronics manufacturing firm ViTrox Corporation鈥檚 facility in Batu Kawan Industrial Park.

IJM Construction currently has forward orders worth RM4.8 billion with private and public sector clients and including building construction and civil engineering projects.

聽鈥淒espite continued economic uncertainty, the key markets in which IJM operates 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,鈥 said Liew.

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