MMC Corporation Berhad

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 Berhad
FormerlyMalaysia Mining Corporation Berhad
TypePublicly traded company
MYX: 2194
ISINMYL2194OO008
Founded1911 [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
Revenue RM 944,077 billion (2018)[2]
RM 38.94 million (2018)[3]
Total assets RM 24,985,455 billion (2018)[2]
Total equity RM 10,223,517 billion (2018)[2]
SubsidiariesNCB Holdings
Websitewww.mmc.com.my

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 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. 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. http://www.ptp.com.my
  6. http://www.johorport.com.my
  7. "Home - Red Sea Gateway Terminal". www.rsgt.com.
  8. http://www.malakoff.com.my
  9. http://www.gasmalaysia.com
  10. "Home". Aliran Ihsan Resources Berhad.
  11. http://www.mymrt-underground.com.my/
  12. "Electrified Double Track Project. Ipoh-Padang Besar". www.2t.com.my.
  13. "SMART Motorway Tunnel". www.smarttunnel.com.my.
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