Empresas ICA, S.A.B. de C.V. (OTCMKTS: ICAYY) is a Mexico-based conglomerate primarily engaged in the construction, infrastructure development and concessions sectors. Founded in 1947 by engineer Bernardo Quintana Arrioja, the company established itself as a leading builder of landmark projects in Mexico, including highways, airport terminals, power plants and industrial complexes. Over the decades, ICA has expanded its engineering and design capabilities to cover civil works, structural engineering, mechanical and electrical installations, as well as project management services for public- and private-sector clients.
In addition to traditional contracting, ICA’s Concessions and Industrial Operations divisions underpin recurring revenue streams. The Concessions unit operates major toll roads and airport facilities under long-term contracts with governmental authorities, leveraging the firm’s expertise in road design, maintenance and traffic management systems. Through its Industrial Operations arm, ICA produces and supplies ready-mix concrete, asphalt, aggregates and specialized construction equipment, serving both internal projects and third-party customers across various sectors.
Although Mexico remains ICA’s core market, the company has pursued international contracts and joint ventures throughout Latin America, participating in infrastructure programs in Central America and the Caribbean. ICA continues to position itself as a partner to governments and multinational corporations seeking turnkey solutions for complex infrastructure needs, from water treatment and urban mass transit systems to energy-generation facilities, including conventional and renewable power plants.
Under the leadership of CEO Alejandro L. Puente and a board composed of industry veterans, ICA is focused on strengthening its concession portfolio and optimizing its industrial operations through operational efficiencies and digital construction tools. The company has emphasized sustainable building practices and environmental compliance, aligning its future growth strategy with Mexico’s infrastructure modernization goals and the evolving demands of urban development and clean energy initiatives.
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