Summary
MMC Corporation celebrates a century in business and nation- building this year. As it looks back with pride at its formidable history, what can we look forward to in the furture?
MMC Corporation Bhd celebrates 100 years in business this year. During its century-long history, the company has marked several key milestones to emerge as a corporate powerhouse and a key partner in nation building with interests in transport and logistics, energy and utilities, and reengineering and construction sectors.See the full content of this document
Extract
Corporate Powerhouse
These include stakes in strategic assets like Johor Port Bhd, which is Malaysia's largest container terminal and leading multi- purpose port; Malakoff Corporation Bhd, the country's largest independent power producer and Gas Malaysia Sdn Bhd, the country's sole supplier of natural gas to the non-power sector. Today, it has under its employment more than 5,000 people.
The entry of successful Bumiputera entrepreneur Tan Sri Syed Mokhtar Albukhary as shareholder of MMC in the year 2000 heralded a new era for the group that ensured the shift into infrastructure and utilities from tin mining previously.Currently, the group is also undertaking the electrified double- tracking railway project between Ipoh and Padang Besar and has been recently appointed as the Project Delivery Partner for the Klang Valley Mass Rapid Transit (MRT) project. In recent years, it has ventured overseas and owns interests in companies in the utilities and logistics sectors, namely, in Saudi Arabia, Jordan and Algeria.`MMC's centennial is an opportunity to look back with pride at the group's remarkable history and also to look forward to exciting developments as it gears up for greater things,' Datuk Hasni Harun, MMC's group managing director, tells Malaysian Business.To prepare for this, Hasni says on the cards are plans to unlock value from the group's stable of companies. ...See the full content of this document
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