IJM's RM1.23bil Kulim deal signals breakthrough in semiconductor manufacturing
KUALA LUMPUR: IJM Corp Bhd’s RM1.23 billion contract to build a semiconductor manufacturing facility in Kulim marks a breakthrough in its advanced manufacturing business, analysts said.
A RM1.23 billion contract to build a semiconductor manufacturing facility in Kulim has been awarded to IJM Corp Bhd, marking a significant breakthrough for the company's advanced manufacturing business. The fast-track project, to be constructed in the fourth quarter of 2026, will generate a high-single-digit profit before tax and potentially boost earnings in the financial years ending March 2027 and 2028.
Hong Leong Investment Bank analyst Brian Chin noted that IJM's in-house industrialised building system (IBS) capabilities were likely instrumental in securing the contract, given its tight 14-month construction timeline. The deal, awarded to IJM Construction, a wholly-owned subsidiary of IJM, is the company's first billion-ringgit semiconductor plant package as a main contractor, bolstering its position in Malaysia's semiconductor supply chain.
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