YTL Corporation
YTL Corporation Berhad is a prominent Malaysian multinational conglomerate with a significant focus on building infrastructure. Founded in 1955 by Yeoh Tiong Lay, the company has expanded its operations across numerous sectors, making it one of the largest companies listed on Bursa Malaysia.
Core Operations
YTL Corporation's core operations are concentrated primarily within Malaysia, although its reach extends internationally. Below are some of the major subsidiaries and sectors in which YTL Corporation is involved:
YTL Power International
YTL Power International Berhad is a key subsidiary of YTL Corporation, specializing in power generation and utilities. It operates major power plants, including a 1,212 MW combined cycle power plant located at Paka, Terengganu and another at Pasir Gudang, Johor. Furthermore, it owns Wessex Water in the United Kingdom and provides telecommunications services through YTL Communications, under the YES brand.
Property Development
YTL Corporation is heavily involved in property development through its subsidiary YTL Land. The company has developed significant properties, including major townships like Sentul in Kuala Lumpur. Additionally, YTL Corporation has substantial investments in the Starhill Global REIT, a Singapore-based Real Estate Investment Trust that invests in prime retail and office properties across Singapore, Malaysia, Japan, and China.
Construction and Engineering
YTL Construction is renowned for undertaking large-scale infrastructure projects, which encompass the building of power plants, airports, hospitals, and railway lines, alongside commercial and residential buildings. This branch of the company has facilitated YTL's position as a leader in the construction sector within Malaysia and beyond.
Leadership
YTL Corporation is prominently driven by members of the Yeoh family. Francis Yeoh, a key figure in the company's growth, expanded YTL into a diverse conglomerate, guiding it through various business sectors. Ruth Yeoh and Rebekah Yeoh, also part of the family, have taken significant roles within the company, contributing to its corporate social responsibility initiatives and financial strategies, respectively.
International Ventures
YTL Corporation's international influence extends through various ventures, including its ownership of Wessex Water in the UK, and its involvement in the proposed Bristol Arena, a project illustrating its commitment to expanding its portfolio in the European market.
Related Topics
This vast and diverse business presence highlights YTL Corporation's role as a major player in multiple spheres, underlining its significant contribution to Malaysia's economic landscape and its growing international footprint.