MMC Corporation

Last updated
MMC Corporation Berhad
FormerlyMalaysia Mining Corporation Berhad
Company type Public limited company
MYX: 2194
ISIN MYL2194OO008
Founded1911;114 years ago (1911) [1]
HeadquartersGround Floor, Wisma Budiman, Persiaran Raja Chulan, 50200 Kuala Lumpur, Malaysia
Key people
Shamsul Azhar Abbas, Chairman
Che Khalib Mohamad Noh, Group Managing Director
RevenueIncrease2.svg RM 4.984 billion (2018) [2]
Increase2.svg RM 38.94 million (2018) [3]
Total assets Increase2.svg RM 25.305 billion (2018) [2]
Total equity Increase2.svg RM 10.223 billion (2018) [2]
Owner Syed Mokhtar Albukhary (51%)
Subsidiaries NCB Holdings
Website www.mmc.com.my

MMC Corporation Berhad (abbreviated as MMC; MYX : 2194) 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%.

Contents

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[ buzzword ] 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 51 km (32 mi) 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 329 km (204 mi) 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

References

  1. ↑ "constructionall.com". www.constructionall.com.
  2. 1 2 3 3QFY18 Bursa Announcement www.mmc.com.my. Dicapai pada 1 Mei 2018.
  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. ↑ "Home". ptp.com.my.
  6. ↑ "Home". johorport.com.my.
  7. ↑ "Home - Red Sea Gateway Terminal". www.rsgt.com.
  8. ↑ "Home". malakoff.com.my.
  9. ↑ "Home". gasmalaysia.com.
  10. ↑ "Home". Aliran Ihsan Resources Berhad.
  11. ↑ "Home". mymrt-underground.com.my.
  12. ↑ "Electrified Double Track Project. Ipoh-Padang Besar". www.2t.com.my. Archived from the original on 2021-02-23. Retrieved 2014-08-16.
  13. ↑ "SMART Motorway Tunnel". www.smarttunnel.com.my.
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