In 1987, the Razon Group and the Soriano Group incorporated ICTSI, initially to bid for the Manila International Container Terminal (MICT) in the Philippines.
After winning the MICT contract 1988, Mr. Razon spearheaded the MICT’s development program.
After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994. The company continues to pursue prospects in Asia, the Middle East, Africa, the Americas and Europe.
Mr. Razon sits on the board of most ICTSI subsidiaries worldwide and of several leading foreign and Philippine corporations. His other investments are in real estate, power, and leisure facilities including a golf course in the Philippines. Mr. Razon also chairs the ICTSI Foundation, Inc., which implements the ICTSI Group’s corporate social responsibility advocacies worldwide.