Profile: Empresa ICA SAB de CV (ICA)
10 Mar 2014
Empresas ICA, S.A.B. de C.V. (ICA) is a holding company. Through its subsidiaries, the Company is engaged in engineering, procurement and construction 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. In addition, it is engaged in the development and marketing of real estate, the construction, maintenance and operation of airports, highways, bridges and tunnels and in the management and operation of water supply systems and solid waste disposal systems under concessions granted by governmental authorities. ICA operates in six segments: Civil Construction, Industrial Construction, Housing, Airports, Concessions, and Corporate and Other. 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 Civil Construction segment focuses on infrastructure projects in Mexico, including the construction of roads, highways, transportation facilities (such as mass transit systems), bridges, dams, 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 and shopping centers. The Civil Construction segment has also pursued opportunities in other parts of Latin America, the Caribbean, Asia and the United States. The Civil Construction segment performs activities, such as demolition, clearing, excavation, de-watering, drainage, embankment fill, structural concrete construction, concrete and asphalt paving, and tunneling. During the year ended December 31, 2012, the Civil Construction segment accounted for approximately 68.6% of total revenues.
The Industrial Construction segment focuses on the engineering, procurement, construction, design and commissioning of large manufacturing facilities, such as power plants, chemical plants, petrochemical plants, fertilizer plants, pharmaceutical plants, steel mills, paper mills, drilling platforms and automobile and cement factories. During 2012, the Industrial Construction segment accounted for 13.7% of total revenues.
The Housing Development segment participates in all stages of the housing industry, including acquiring the land and the permits and licenses required to build on it, performing and procuring architectural and engineering design, facilitating buyer financing and constructing and marketing homes. Some construction services are sub-contracted, such as urbanization. During 2012, the Housing Development segment accounted for 3% of the Company’s revenues. During 2012, the Company sold 6,677 houses, respectively.
Through GACN, ICA operates 13 airports in the Central North region of Mexico pursuant to concessions granted by the Mexican government, including the Monterrey airport, which accounted for approximately 7% of its revenues during 2012. The airports serves 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.
The concessions segment focuses on the construction, development, maintenance and operation of long-term concessions of toll roads, tunnels and water projects. The construction work the Company performs on the concessions is included in the Civil Construction segment. During 2012, ICA participated in five operating concessioned highways and one operating concessioned tunnel (the Acapulco tunnel). During 2012, the concessions segment accounted for 9.6% of the Company’s total revenues.
Corporate and Other
The Company’s corporate and other segment includes the real estate operations. The Company includes operations through its subsidiary Grupo ICA S.A. de C.V.
Empresa ICA SAB de CV
Piso 15,Blvd.Manuel Avila Camach
Col. Lomas de Chapultepec
MIGUEL HIDALGO 11000