KUALA LUMPUR (April 8): MMC Corp Bhd has benefitted from higher demand for cargo storage space at its Port of Tanjung Pelepas in Johor, which is operated by its unit Pelabuhan Tanjung Pelepas Sdn Bhd, due to the recent blockage at the Suez Canal caused by a trapped container ship. 

Speaking at a media briefing today, group managing director Datuk Seri Che Khalib Mohamad Noh said the port was able to accommodate requests for temporary cargo storage.

“So, in actual fact, we had a good result and we are expecting some spike in the couple of weeks,” he said.  

On another note, the utility and infrastructure conglomerate today highlighted that it has partnered with global software solutions leader Ramco Systems Ltd to embark on a major digital transformation of its five ports. 

This technological transformation programme will propel Malaysia to the forefront of global best-in-class ports – which plays a crucial role in mitigating supply chain challenges, including recent disruptions due to Covid-19, the group said.  

“With the support from Ramco Systems, MMC is committed to accelerating digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.  

“The implementation of a common system and integrated technology platform will further maximise synergies and allow all our ports to share expertise and benefit from economies of scale. We aim to leverage on technology as a key differentiator, in order to gain competitive edge and add value to our stakeholders,” Che Khalib said. 

Meanwhile, Ramco group chairman P.R. Venketrama Raja said the partnership is a significant milestone in Ramco’s history, as the implementation of its systems will optimise operational efficiency at MMC Group, thereby translating into faster turnarounds at Malaysian ports and impacting Malaysian trade. 

“We at Ramco have established a strong Malaysian presence through our many years of engagements with multiple large conglomerates within the country, and this engagement was only possible through the hard work of the Ramco team in providing digital transformation to PTP. 

“We look forward to working closely with the MMC team and am confident Ramco’s software will bring great value to MMC’s ports,” he said.

At market close today, shares of MMC Corp traded seven sen or 6.8% higher to RM1.10, giving it a market capitalisation of RM3.35 billion.