MMC Corporation explained

MMC Corporation Berhad
Former Name:Malaysia Mining Corporation Berhad
Type:Public limited company
Foundation:[1]
Location:Ground Floor, Wisma Budiman, Persiaran Raja Chulan, 50200 Kuala Lumpur, Malaysia
Key People:Shamsul Azhar Abbas, Chairman
Che Khalib Mohamad Noh, Group Managing Director
Revenue: RM 4.984 billion (2018)[2]
Net Income: RM 38.94 million (2018)[3]
Assets: RM 25.305 billion (2018)
Equity: RM 10.223 billion (2018)
Owner:Syed Mokhtar Albukhary (51%)
Subsid:NCB Holdings

MMC Corporation Berhad (abbreviated as MMC;) is a Malaysian utility and infrastructure conglomerate, with diversified businesses under three divisions: Energy & Utilities, Ports & Logistics, and Engineering. Syed Mokhtar Albukhary is the company's biggest shareholder at 51%,[4] while several government-linked investment companies own over 30%.

MMC's key businesses in its Ports & Logistics division. MMC Ports is currently one of the 10 largest port operators in the world with a total throughput of 15.8 mil TEUs in 2018. MMC Ports includes the Port of Tanjung Pelepas,[5] Johor Port,[6] Penang Port, Northport and Tanjung Bruas Port. MMC also has an associate stake in Red Sea Gateway Terminal Company Limited,[7] which operates a container terminal at Jeddah Islamic Port, Kingdom of Saudi Arabia. Additionally, MMC operates Senai Airport, the only airport not under Malaysia Airport Holdings Berhad's portfolio.

Under its Energy & Utilities division, MMC has a controlling stake in Malakoff Corporation Berhad, Malaysia's largest independent power producer.[8] It is the single largest shareholder of Gas Malaysia Berhad, the sole supplier of reticulated natural gas in Peninsular Malaysia,[9] and it wholly owns Aliran Ihsan Resources Berhad, a water solutions provider,[10] also owned by MMC.

MMC's Engineering division has a leading role as the Project Delivery Partner and underground works package contractor for the 51km (32miles) Sungai Buloh-Kajang Line of the Klang Valley Mass Rapid Transit (KVMRT) project.[11] MMC-Gamuda built the Bukit Berapit Rail Tunnel, Southeast Asia's longest rail tunnel, as part of the 329km (204miles) Ipoh-Padang Besar Electrified Double Tracking Project[12] and the Stormwater Management and Road Tunnel (SMART) motorway,[13] the first-of-its-kind dual-purpose tunnel in the world.

MMC is the first and oldest construction company in Malaysia as it dates back more than 100 years ago.

Subsidiaries

Ports & Logistics

Energy & Utilities

Engineering

Industrial Development

Notes and References

  1. Web site: constructionall.com. www.constructionall.com.
  2. http://www.mmc.com.my/MMCB%203rd%20Quarter%202018.pdf 3QFY18 Bursa Announcement
  3. Arjuna Chandran Shankar (27 November 2018). MMC Corp 3Q net profit doubles The Edge Markets. Dicapai pada 27 Februari 2019.
  4. Fauzi Jaafar and Fadzil Zainol (12 September 2016). MMC Corporation lambang kejayaan syarikat bumiputera Utusan Malaysia. Retrieved on 4 March 2017.
  5. Web site: Home . ptp.com.my.
  6. Web site: Home . johorport.com.my.
  7. Web site: Home - Red Sea Gateway Terminal. www.rsgt.com.
  8. Web site: Home . malakoff.com.my.
  9. Web site: Home . gasmalaysia.com.
  10. Web site: Home. Aliran Ihsan Resources Berhad.
  11. Web site: Home . mymrt-underground.com.my.
  12. Web site: Electrified Double Track Project. Ipoh-Padang Besar. www.2t.com.my.
  13. Web site: SMART Motorway Tunnel. www.smarttunnel.com.my.

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