Saturday, November 14, 2009

Madhu Koneru: Young NRI Entrepreneur

 Madhu Koneru
Group CEO: MEC Holdings (Singapore and Indonesia)
Executive Director: Trimex International FZE (Dubai)
Managing Director: RAK Minerals and Metals investments (RMMI - Dubai)
Director: Padaeng Industries PLC (Thailand)
Director: Al-Ghanem Trading and Contracting Co Ltd., (Jordan)
Director: TJ Shipping and Logistics (Dubai)

Under Madhu Koneru’s strategic guidance, MEC Holdings, an affiliate of Trimex Group, a global minerals and metals conglomerate, has established a unique framework of companies to bring to fruition their vision for Indonesia, and subsequently other countries in the region such as China and India. MEC Holdings includes MEC Coal, MEC Infrastructure, MEC Agriculture, and the MEC Foundation.
As the Group CEO of MEC Holdings, Madhu Koneru, 34, leads pioneering investments in the future of Indonesia. With the country’s abundant resources and strategic location it will play a key role in supplying the world’s energy needs whilst at the same time providing sustainable growth opportunities for its people.
MEC Coal a JV with Ras Al Khaimah (RAK) Government invests in and manages large-scale coal projects in Indonesia. MEC Coal is developing one of the largest green field coal mines in Asia, located in East Kalimantan Province of Indonesia. MEC Coal has also tied up with NALCO for setting up a 1400 mw captive power plant and aluminium smelter.

From mines to market has been the vision at MEC Infrastructure, a JV with RAK Government. The company has obtained Indonesia’s first private railway license to develop a 130 kilometre integrated freight corridor from the mine site in Muara Wahau to the port in Bengalon. Integration with the rest of the group ensures reliable supply of coal to customers in a cost efficient manner without interruptions. MEC Infrastructure has obtained a port license to develop suitable facilities for the export of coal and import of varying raw materials in Bengalon, East Kalimantan Province of Indonesia. The port will be the region’s first fully integrated facility to load vessels using an automated conveying system. Port development is concurrent with the development of mines and the railway project.

Completing the suite of companies is MEC Agriculture which aims to utilise the by-product of coal mining to create a healthy agricultural framework, developing local land and providing local jobs.

Supporting the developments taking place in Indonesia, the MEC Foundation is being set up to enhance the lives, living standards and education of local communities throughout Indonesia.
Prior to establishing MEC Holdings, Koneru played an important role in growing the Trimex Group. His intrinsic involvement in the company’s core business activities has seen RAK Minerals and Metals Investments (RMMI), a Trimex joint venture, evolve into a trans-global $2 billion conglomerate, expanding into Africa, Europe, India and the Middle East. As Trimex’s Executive Director, his entrepreneurialism and assertive leadership were instrumental in developing the strategic partnerships and cogent blueprint that ultimately led to MEC’s launch.
Koneru is a member of the Board of Directors in Trimex Group, RMMI, Padaeng Industries PLC , a zinc mining and Smelter Company that owns the only zinc smelter plant in Southeast Asia, Al Ghanem Industrial Company Kuwait and TJ Shipping and Logistics.
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