Carlos Slim’s Cicsa eyes expansion by teaming up with Spain’s FCC
Carso Infraestructura y Construcción (Cicsa), the infrastructure arm of Mexican billionaire Carlos Slim’s Grupo Carso, plans to expand to the rest of Latin America together with Spain’s FCC.
Slim is the majority shareholder of FCC.
The companies will bid in the region’s tenders as equal partners due to lack of new public works in Mexico, according to Carso’s Q2 results report.
“Amidst the sharp reduction in public projects, we have sought to diversify the businesses through new projects in South America with FCC, specifically highways in Panama and Nicaragua,” it said.
Besides Europe, FCC is present in Australia, Canada, the US, and in Latin America the footprint consists of Brazil, Chile, Costa Rica, Panama and Peru.
In the Mexican market, Cicsa will continue with its focus on projects in the water, construction, hydrocarbons, industrial, infrastructure and telecommunication sectors.
Cicsa is among Mexico’s biggest builders and under the administration of President Andrés Manuel López Obrador it has benefited from several large contracts, including the 18.6bn-peso (US$771mn) second section of the Maya train that runs from Escárcega to Calkiní in Campeche state. It won the 235km project together with FCC back in 2020.
Cicsa recently made an offer of 2.8bn pesos to build an offshore platform off Campeche Bay for Mexico’s national oil company Pemex.
The domestic portfolio also includes projects such as the US$524mn Mitla-Tehuantepec toll route, a 169km road linking the Oaxaca valley with the Tehuantepec isthmus, and the Las Varas-Puerto Vallarta highway.
Fueled by the buildings segment, Cicsa’s sales jumped 21.5% year-on-year in the second quarter to 11.6bn pesos. The net profit rose from 502mn to 716mn in the same comparison.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Infrastructure
The infrastructure hurdles Uruguay's next government must clear
Ahead of the second round of the presidential elections, BNamericas talks with Alejandro Ruibal, president of the construction chamber (CCU) and ex...
54.5 kilometers of double track were enabled on Route 5
The project required an investment of nearly US$150 million, executed under the construction and rehabilitation modality.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Concession Route 5, Section Iquique - Arica
- Current stage:
- Updated:
7 days ago
- Project: Valparaiso cable car
- Current stage:
- Updated:
7 days ago
- Project: New prison in Ica
- Current stage:
- Updated:
7 days ago
- Project: Expansion of the Santa Marta Airport (Simón Bolívar Airport)
- Current stage:
- Updated:
7 days ago
- Project: Pacific Train Rehabilitation
- Current stage:
- Updated:
6 days ago
- Project: Rionegro light rail
- Current stage:
- Updated:
7 days ago
- Project: St. Vincente de Paul Regional Hospital
- Current stage:
- Updated:
7 days ago
- Project: Rehabilitation of the Air Side of the Piura Airport (RMLA)
- Current stage:
- Updated:
7 days ago
- Project: Cumbil bridge-Santa Cruz-Succhabamba-Chancaybaños-Chotano tunnel highway
- Current stage:
- Updated:
6 days ago
- Project: Illapel new hospital
- Current stage:
- Updated:
7 days ago
Other companies in: Infrastructure (Spain)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Lynka S.L.L.  (Lynka)
- Company: Pinearq S.L.P.  (Pinearq)
- Company: Intervías Construcciones S.l.  (Intervías Construcciones)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Joca Ingeniería y Construcciones S.A.  (Joca)
-
Spanish engineering and construction firm Joca Ingeniería y Construcciones S.A., a subsidiary of Spanish Grupo Joca, specializes in water treatment, construction and civil works...
- Company: Fomento de Construcciones y Contratas, S.A.  (FCC)
-
Spanish construction company Fomento de Construcciones y Contratas, S.A. (FCC) specializes in environmental services and water management, and construction of large infrastructu...
- Company: ILI Logística Internacional