MMC Corporation Berhad

Infobox_Company
company_name = MMC Corporation Berhad
company_
company_type = Berhad (Bursa Malaysia:MMCCORP)
foundation = (1911) cite web | url=http://www.mmc.com.my/content.asp?menuid=100008&rootid=100000 | title=Milestones of MMC Corporation Berhad | accessdate=2007-06-25]
location_city = Kuala Lumpur
location_country = Malaysia
key_people = Hasni Harun, CEO Malaysia
revenue = MYR profit 5.72billion (2007)
homepage = [http://www.mmc.com.my/ http://www.mmc.com.my]

MMC (myx|2194) is an investment holding company with interests in "Transport & Logistics, Energy & Utilities and Engineering & Construction".

In Transport and Logistics, MMC holds equity stakes in the [http://www.mmc.com.my/content.asp?menuid=100013&rootid=100001&parentid=100010] Port of Tanjung Pelepas (the fastest growing container port in South East Asia), [http://www.mmc.com.my/content.asp?menuid=100014&rootid=100001&parentid=100010 Johor Port] (Malaysia’s leading multi-purpose port) and [http://www.mmc.com.my/content.asp?menuid=100071&rootid=100001&parentid=100010 the SMART Motorway Concession.]

In Energy and Utilities, MMC holds equity stakes in [http://www.mmc.com.my/content.asp?menuid=100011&rootid=100001 Malakoff] (Malaysia's largest independent power producer) and natural gas distribution company [http://www.mmc.com.my/content.asp?menuid=100017&rootid=100001&parentid=100011 Gas Malaysia] , among others.

In Engineering and Construction, MMC has been involved in major engineering and construction projects such as the [http://www.mmc.com.my/content.asp?menuid=100028&rootid=100001&parentid=100012 Stormwater Management and Road Tunnel] (SMART) project, an innovative flood mitigation project for the city of Kuala Lumpur. Through [http://www.mmc.com.my/content.asp?menuid=100029&rootid=100001&parentid=100012 Zelan] , MMC has interests in [http://www.mmc.com.my/content.asp?menuid=100029&rootid=100001&parentid=100012 IJM] , a leading construction company with a strong international track record and [http://www.mmc.com.my/content.asp?menuid=100029&rootid=100001&parentid=100012 Zelan Construction] , a specialist design & build civil contractor for power plants.

History

A History almost a Century Old.First founded in London as Malayan Tin Dredging Limited in 1911, the Company transferred its domicile to Malaysia by incorporating Malayan Tin Dredging (M) Berhad (MTD) in 1976, then the largest tin dredging group in Malaysia. In 1981, MTD merged with New Tradewinds Sdn Bhd which had earlier taken over London Tin Corporation (LTC), the world's largest tin mining company, adopting the name Malaysia Mining Corporation Berhad to become the world's largest integrated tin producer. The Company was listed on Bursa Malaysia on 12 July 1977.

The Need for Change.In 1983, the Company made a calculated business decision to cease tin mining operations in Malaysia in view of increasing operational costs, low tin grades, shortage of labour and the shrinking demand for tin worldwide. The Company, however, maintained its gold and diamond mining operations in Australia through Plutonic Resources Limited (Plutonic) and Ashton Mining Limited. The 1997 merger of Homestake Mining Company (Homestake) with Plutonic resulted in the Company's associate interest in Plutonic being replaced by an investment stake in Homestake. MMC sold its stake in Homestake in 1998 and its stake in Ashton in 2000.

Reinventing MMC.Since the onset of the new millennium, MMC has been undergoing a process of transformation. The Company has divested all of its mining interests and is today focused on achieving its vision of becoming a premier Utilities and Infrastrucure group.

MMC Management

MMC Board of Directors
*Chairman: Dato' Wira Syed Abdul Jabbar bin Syed Hassan
*CEO International: Feizal Ali
*CEO Malaysia: Hasni Harun
*Senior Independent Director: Dato' Abdullah bin Mohd. Yusof
*Independent Director: Halim bin Haji Din
*Director: Ahmad Jauhari bin Yahya
*Director: Tan Sri Dato' Ir. (Dr.) Wan Abdul Rahman bin Haji Wan Yaacob
*Director: Datuk Mohd Sidik Shaik Osman
*Independent Director: Ooi Teik Huat

MMC Senior Management
*CEO International: Feizal Ali
*CEO Malaysia: Hasni Harun
*Director, Corporate Affairs: Yoong Nim Chee
*CFO: Anwar Syahrin Abdul Ajib
*Senior General Manager, Corporate Services: Azlan Shahrim
*Senior General Manager, Corporate Planning: Dr. Mabel Lee
*Group Legal Advisor: Elina Mohamed
*General Manager, Human Resources: Zainudin Ismail
*General Manager, Corporate Secretarial, Ahmad Aznan Mohd Nawawi
*General Manager, Investor Relations & Business Development: Azharuddin Nordin
*General Manager, Contracts & Procurement: Vincent Chiu

External links

* [http://www.mmc.com.my/ MMC Corporation Berhad Official Website]
* [http://www.ptp.com.my/ Port of Tanjung Pelepas]
* Jazan Economic City
* [http://www.jazanecity.com/ Jazan Economic City Official Website]

History

* [http://www.mmc.com.my/content.asp?menuid=100008&rootid=100000 MMC Milestones]

References and footnotes