Empresas ICA, S.A.B. de C.V. (NYSE: ICA) announced that it won two construction contracts worth a total of approximately US$63.1 million, according to a Bloomberg report today.  The report said the contracts are to build a convention center in central Mexico and renovate a runway at Mexico City’s airport. 

Empresas ICA is Mexico’s largest construction company and a major competitor of Carlos Slim’s Carso Infraestructura y Construccion, S.A.B. (CICSA).  It is headed by Chief Executive Officer Jose Luis Guerrero, who holds a Ph.D. in Engineering from the University of Illinois at Urbana-Champaign.  Empresas ICA was founded by a group of Mexican engineers in 1947 as Mexico boomed after World War II.  Some analysts have said that Empresas ICA’s long and successful track record in Mexican infrastructure give it an advantage over its less experienced competitors.  Keep an eye out for ICA as the Mexican government issues bid awards for infrastructure projects as part of its 2007-2012 National Infrastructure Program.