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Wednesday, April 24, 2024

MHC renamed to reflect port’s steady growth

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International Container Terminal Services Inc. (ICTSI) said Monday it is rebranding one of its major ports in the Philippines—the Manila Harbor Center (MHC) to Manila Multipurpose Terminal.

The rebranding underscores the company’s steady growth and synergies with ICTSI, the company said.

“As a subsidiary of International Container Terminal Services Inc. (ICTSI), we embarked on this rebranding initiative to echo the ICTSI Group’s global standards and industry leadership,” said Phillip Marsham, ICTSI  global  director for Manila Multipurpose Terminal.

“Manila Multipurpose Terminal embodies a renewed corporate vision that centers on excellence, efficiency and innovation. Embracing ICTSI’s values, we are excited to move forward to a new chapter in general cargo operations in the Philippines,” he said.

Aside from the terminal name change, the company also introduced a new logo that is more aligned with the ICTSI brand.

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ICTSI, owned by businessman Enrique Razon Jr., acquired full ownership of MHC in 2021 for P2.45 billion.

It is the largest and busiest international bulk and breakbulk operations in the Philippines, playing a crucial role in the nation’s supply chain across key industries.

Under ICTSI’s management, the port facility experienced a significant leap in productivity resulting from streamlined processes and new technologies.

It said ICTSI’s global brand of port operation enabled Manila Multipurpose Terminal to leverage new opportunities and navigate the shifting trends in global trade.

MMT, with an annual capacity of 10 million metric tons, sits on a 13.2-hectare facility and serves major industries including construction, mining, power, telecommunication, manufacturing and agriculture.       

ICTSI is involved in 33 terminal concessions and port development projects in emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa. It also has nine terminal operations in the Philippines.

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