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 Corporation headquarters in Kuala Lumpur. | |
| Formerly | Malaysia Mining Corporation Berhad |
|---|---|
| Company type | Public limited company |
| MYX: 2194 | |
| ISIN | MYL2194OO008 |
| Founded | 1911[1] |
| Headquarters | 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] |
| RM 38.94 million (2018)[3] | |
| Total assets | RM 25.305 billion (2018)[2] |
| Total equity | RM 10.223 billion (2018)[2] |
| Owner | Syed Mokhtar Albukhary (51%) |
| Subsidiaries | NCB Holdings |
| Website | www |
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
editPorts & Logistics
edit- MMC Port Holdings Sdn Bhd (100%)
- Pelabuhan Tanjung Pelepas Sdn Bhd (70%)
- Johor Port Berhad (100%)
- Northport (Malaysia) Bhd (100%)
- Penang Port Sdn Bhd (100%)
- Tanjung Bruas Port Sdn Bhd (70%)
- SPT Services Sdn Bhd (70%)
- Red Sea Gateway Terminal Company Ltd (20%)
- JP Logistics Sdn Bhd (100%)
- Kontena Nasional Berhad (100%)
- KTMB MMC Cargo Sdn Bhd (49%)
- Senai Airport Terminal Services Sdn Bhd (100%)
Energy & Utilities
edit- Gas Malaysia Berhad (30.9%)
- Malakoff Corporation Berhad (37.6%)
- Aliran Ihsan Resources Berhad (100%)
Engineering
edit- 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
edit- Senai Airport City Sdn Bhd (100%)
- Seaport Worldwide Sdn Bhd (100%)
- Northern Technocity Sdn Bhd (100%)
References
edit- ^ "constructionall.com". www.constructionall.com.
- ^ a b c 3QFY18 Bursa Announcement www.mmc.com.my. Dicapai pada 1 Mei 2018.
- ^ Arjuna Chandran Shankar (27 November 2018). MMC Corp 3Q net profit doubles The Edge Markets. Dicapai pada 27 Februari 2019.
- ^ Fauzi Jaafar and Fadzil Zainol (12 September 2016). MMC Corporation lambang kejayaan syarikat bumiputera Utusan Malaysia. Retrieved on 4 March 2017.
- ^ "Home". ptp.com.my.
- ^ "Home". johorport.com.my.
- ^ "Home - Red Sea Gateway Terminal". www.rsgt.com.
- ^ "Home". malakoff.com.my.
- ^ "Home". gasmalaysia.com.
- ^ "Home". Aliran Ihsan Resources Berhad.
- ^ "Home". mymrt-underground.com.my.
- ^ "Electrified Double Track Project. Ipoh-Padang Besar". www.2t.com.my.
- ^ "SMART Motorway Tunnel". www.smarttunnel.com.my.