Lumut Port Anticipates Bright Future And An Expansion Will See Capacity Surpass 14 Million MT

07 Mar 2016


 

March 7, 2016 - Lumut – Lumut Maritime Terminal Sdn Bhd (LMTSB), the owner/operator of Lumut Maritime Terminal (LMT) and operator of Lekir Bulk Terminal (LBT), expects a healthy and sustainable growth this year despite operating in a challenging business environment.


LMTSB will continue to provide and maintain its efficient and provide top-notch services at competitive cost to its clients. LMT handles close to 411 vessels & barge calls per year and with the current berths, the port can handle up to 3.5 million tonnage. LMTSB’s 2016-2020 Business Strategic Plan poised to achieve up to 90% incremental in port capacity for LMT.


LMTSB, a subsidiary of Perak Corporation Berhad with Tenaga Nasional Berhad (TNB) as their share partner, has managed to generate and boost the state’s economy particularly in the Manjung district.


LMTSB is embarking on a 5-year Business and Strategic Plan to transform into a more efficient and dynamic port. This calls for a capital expenditure costing more than RM200 million which involves adding additional barge berth, wharf extension and integrated Port Management System. With the implementation of the expansion port under the five years business and strategic plan, LMT would compete in a totally different field. LMT is projecting a healthier and a continued sustainable growth in the coming years.


“With the strong support from LMT’s existing customers as well as new acquired customers, we are confident that LMT is on track to a significant growth”, said Mubarak Ali bin Gulam Rasul, Chief Executive Officer of LMT during the 20th Anniversary celebration held at the Lumut Port Industrial Park, Kg Acheh, Lumut. The 20th Anniversary celebration and the ground breaking ceremony for the expansion was officiated by YAB Dato’ Seri DiRaja Dr Zambry Bin Abd Kadir, Chief Minister of Perak in the presence of the State dignitaries together with the  board members of PKNP, Perak Corp, TNB, Integrax, LMT and invited guests.


The 20th Anniversary celebration is to honour the achievements of LMT over the last 20 years from a humble beginning and to record LMTSB’s appreciation to the founding members and all stakeholders that have supported LMT and have made LMT where it is now. The ground breaking ceremony marks a new milestone for LMT in transforming it into a more efficient and dynamic port.


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