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 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.