MMC Corporation

MMC Corporation Berhad
FormerlyMalaysia Mining Corporation Berhad
Company typePublic limited company
MYX: 2194
ISINMYL2194OO008
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
RevenueIncrease RM 4.984 billion (2018)[2]
Increase RM 38.94 million (2018)[3]
Total assetsIncrease RM 25.305 billion (2018)[2]
Total equityIncrease RM 10.223 billion (2018)[2]
OwnerSyed Mokhtar Albukhary (51%)
SubsidiariesNCB Holdings
Websitewww.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%.

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

  • MMC Engineering Sdn Bhd (100%)
  • MMC Pembetungan Langat Sdn Bhd (100%)
  • MMC Oil & Gas Engineering Sdn Bhd (100%)
  • MMC Gamuda
    • MMC Gamuda Joint Venture Sdn Bhd (50%)
    • MMC Gamuda KVMRT (PDP) Sdn Bhd (50%)
    • MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (50%)
    • MMC Gamuda KVMRT (T) Sdn Bhd (50%)
  • UEM-MMC Joint Venture Sdn Bhd (50%)
  • Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd (SMART) (50%)

Industrial Development

  • Senai Airport City Sdn Bhd (100%)
  • Seaport Worldwide Sdn Bhd (100%)
  • Northern Technocity Sdn Bhd (100%)

References

  1. ^ "constructionall.com". www.constructionall.com.
  2. ^ a b c 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.
  13. ^ "SMART Motorway Tunnel". www.smarttunnel.com.my.