Profile: Empresas ICA SAB de CV (ICA)
2 Jun 2015
Empresas ICA, S.A.B. de C.V. (ICA), incorporated on July 25, 1979, is a holding company. The Company is engaged in a range of construction and related activities including the construction of infrastructure facilities as well as industrial, urban and housing construction, for both the Mexican public and private sectors. ICA operates in four segments, which include Civil construction, Concessions, Airports, and Corporate and other. ICA’s subsidiaries are also involved in the construction, maintenance and operation of highways, bridges and tunnels granted by the Mexican government and foreign governments under concessions. Through its subsidiaries and affiliates, the Company also manages and operates airports and municipal services under concession arrangements. In addition, some of ICA’s subsidiaries are engaged in real estate and housing development. The Company also provides mining related services, such as exploration and exploitation of deposits for others, transportation and other mining-related activities.
The Company’s civil construction segment focuses on infrastructure projects in Mexico, including the construction of roads, highways, transportation facilities (such as mass transit systems), bridges, dams, ports, hydroelectric plants, prisons, tunnels, canals and airports, as well as on the construction, development and remodeling of large multi-storied urban buildings, including office buildings, multiple-dwelling housing developments shopping centers. Its civil construction also operates in other parts of Latin America, the Caribbean, Asia and the United States, and is also pursuing opportunities outside of Mexico in Panama, three in Colombia, one in Costa Rica, one in Chile and, through its San Martin subsidiary, certain projects in Peru. The Company’s civil construction business performs activities such as demolition, clearing, excavation, de-watering, drainage, embankment fill, structural concrete construction, concrete and asphalt paving, mining services and tunneling.
ICA’s civil construction business also includes revenues earned by the Company’s construction subsidiaries for construction work on its concessions performed under engineering, procurement and construction (EPC) contracts with its concessionaire subsidiaries. Some of the Company’s construction projects include the Apulco, Comedero, El Novillo, El Caracol, Cajon de Peña, Tomatlan, Infiernillo, Chicoasen, El Guineo, El Cobano, Jicalan, Falcon, Huites, Aguamilpa, Caruachi, El Cajon and the La Yesca dams; the Guadalajara-Colima, Mazatlan-Culiacan, Leon-Lagos-Aguascalientes, Guadalajara-Tepic, Mexico City-Morelia-Guadalajara, Cuernavaca-Acapulco, Oaxaca-Sola de Vega and Torreon-Saltillo concessioned highways and the Tehuacan-Oaxaca federal highway; 17 of the 58 existing airports in Mexico and two airports outside Mexico; hotels and office buildings, including the Maria Isabel Sheraton, Hyatt Regency, Paraiso Radisson Mexico City, Westin Regina Los Cabos and the Torre Mayor, among others; lines one through nine, A and part of B of the Mexico City metro system, and the Mexico City sewage system.
The Company competes with IDEAL and Carso Infraestructura y Construcciones, S.A. de C.V., both related parties of Grupo Carso, Tradeco Infraestructura, S.A. de C.V., La Peninsular Compañia Constructora S.A. de C.V. (a member of Grupo Hermes), Promotora y Desarrolladora Mexicana, S.A. de C.V., Azvi-Cointer de Mexico, S.A. de C.V., Fomento de Construcciones y Contratas, S.A., or FCC, ACS Actividades de Construcciones y Servicios, S.A. and Dragados S.A. (together, ACS), Constructora Norberto Odebrecht S.A. and Andrade Gutierrez S.A.
The Company’s concessions segment focuses on the construction, development, maintenance and operation of long-term concessions of tollroads, tunnels, social infrastructure and water projects. The construction work, which the Company performs on its concessions is included in its Civil Construction segment when, pursuant to an EPC contract, it sub-contracts one of the Company’s construction subsidiaries to perform the work. If the construction work is contracted with a third party, ICA’s construction subsidiaries do not perform any construction services. In these cases, the construction revenues are recognized within the concessions segment rather than the civil construction segment. The Company participates in all stages of infrastructure project development, including formulation, engineering, structuring and financing, construction, operation and management as part of a portfolio of assets. It monetizes assets that are in the operating stage and arrange new projects under development.
ICA’s contracting practices involve Mexican state and municipal governments and the governments of certain foreign countries award concessions for the construction, maintenance and operation of infrastructure facilities. The Company’s contracting practices include highway and tunnel concessions, which involve the Kantunil-Cancun Highway, Acapulco tunnel, Acapulco Scenic Bypass, Rio Verde-Ciudad Valles Highway, The La Piedad Bypass, Barranca Larga-Ventanilla, Palmillas – Apaseo El Grande, Mitla-Tehuantepec highway, Nuevo Necaxa-Tihuatlan Highway and Autovia Urbana Sur; port concessions, which include Lazaro Cardenas Port Terminal, and water distribution and water treatment concessions, which include Aqueducto II water supply system, El Realito water supply system, Agua Prieta water treatment plant and Atotonilco water treatment plant.
The Company competes with IDEAL, Globalvia Infraestructuras, S.A. de C.V., Compañia Contratistas Nacional, S.A. de C.V., La Peninsular Compañia Constructora, S.A. de C.V., OHL Mexico, S.A.B. de C.V., Promotora y Operadora de Infraestructura, S.A.B. de C.V., Tradeco Infraestructura, S.A. de C.V., Fomento de Construcciones y Contratas, S.A., FCC Aqualia, S.A., Acciona Agua, S.A., Abengoa Mexico, S.A. de C.V. and Impulsa Infraestructura, S.A. de C.V.
Airports segment is operated by Aeroports de Paris Management (ADPM) and the Company’s subsidiary Aeroinvest. Through GACN, the Company operates 13 airports in the Central North region of Mexico pursuant to concessions granted by the Mexican government, including the Monterrey airport. The airports serve a major metropolitan area (Monterrey), three tourist destinations (Acapulco, Mazatlan and Zihuatanejo), two border cities (Ciudad Juarez and Reynosa) and seven regional centers (Chihuahua, Culiacan, Durango, San Luis Potosi, Tampico, Torreon and Zacatecas). All of the airports are designated as international airports under Mexican law, meaning that they are all equipped to receive international flights and maintain customs, refueling and immigration services managed by the Mexican government.
The Competes with airports in Mexico, which include Los Cabos, Cancun and Puerto Vallarta and abroad, such as Puerto Rico, Florida, Cuba, Jamaica, the Dominican Republic, other Caribbean islands and Central America.
Corporate and Other
The Company’s corporate and other segment includes all of its real estate operations, including the Company’s entry-level housing operations as well as its corporate operations through the its subsidiary Grupo ICA S.A. de C.V. Its housing operations cover all stages of the housing industry, performing and procuring architectural and engineering design, facilitating buyer financing and constructing and marketing homes. The Company subcontracts some of its construction services, such as urbanization.
The Company competes with Corporacion GEO, S.A.B. de C.V., Grupo Javer, S.A. de C.V., Grupo Sadasi, S.A. de C.V., Inmobiliaria Ruba, S.A. de C.V., and Consorcio Ara S.A.B. de C.V.
Empresas ICA SAB de CV
Blvd. Manuel Avila Camacho 36
piso 15, Col. Lomas de Chapultep
MEXICO, D.F. 11000