International Container Terminal Services Inc.
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| Public company (: ) | |
| Founded | December 24, 1987 |
| Founder | Enrique Razon |
| Headquarters | Manila, Philippines |
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Number of locations
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29 |
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Key people
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Enrique K. Razon Jr. (Chairman and President) |
| Services | Container Port Establishment Port Management Cargo Handling Rail Freight |
| Revenue |
₱11.388 billion ( 30.1%) (YoY) (2007) |
|
₱11.39 billion ( 17.7%) (2007) |
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₱2.79 billion ( 52.1%) (2007) |
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| Total assets | ₱31.776 billion |
| Total equity | ₱18.4 billion |
| Owner | Capital Group Companies (8.7%) |
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Number of employees
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1,305 (As of 2007) |
| Website | www.ictsi.com |
International Container Terminal Services, Inc. (ICTSI) (: ICT) is a port management company in the Philippines. It was incorporated on December 24, 1987, and has been cited by the Asian Development Bank as one of the top five major maritime terminal operators in the world.
ICTSI was established by Filipino businessman Enrique K. Razon, whose family has been managing harbors in the Philippines for three generations, in connection with the bidding for the Manila International Container Terminal (MICT) contract. In February 2015, Forbes magazine named Razon the Third Richest Man in the Philippines, with a personal wealth of $5.2 billion.
In May 1988, the Philippine Ports Authority awarded the MICT contract to ICTSI, which started its operations of MICT on June 12, 1988. In March 1992, ICTSI's shares were listed on the Manila and Makati Stock Exchanges (now the ) following the initial public offering of its shares.
The principal business of ICTSI is the management, operation, and development of container terminals. The company directly operates the MICT at the Port of Manila. In addition to its core container terminal activities, ICTSI has developed an inland container depot in Calamba, Laguna linked via rail to the MICT. The company has entered into a joint venture with a local company to develop a container terminal in Batangas.
After consolidating its base and flagship operations at the MICT, ICTSI launched an aggressive international and domestic expansion program in 1994 and now has operations in Argentina, Australia, Brazil, China, Colombia, Congo, Croatia, Ecuador, Georgia, Honduras, Indonesia, Iraq, Madagascar, Mexico, Nigeria, Pakistan and Poland
In September 2012, Capital Group Companies CGC has acquired 8.7% of the company shares.
Manila International Container Terminal, Manila, Philippines
In 1988, ICTSI won in an international tender a 25+25-year concession to manage, operate and develop the Manila International Container Terminal (MICT), ICTSI’s flagship operation and the Philippines’ leading international trading gateway. ICTSI’s responsibilities include: port management, operations and administration, port development and construction including port planning and programming supply of all equipment, and investment risk.
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