ICC

What ICC does

International Construction Consortium (Pvt) Ltd (ICC) is a privately held Sri Lankan construction and property development company founded in 1980. It operates as the only contractor-plus-developer combination of meaningful scale in Sri Lanka, holding the highest CIDA gradings of CS2 (civil engineering) and EM1 (electrical, mechanical, plumbing and fire services), which entitle it to tender for large-scale government infrastructure and unlimited-capacity MEP projects. Over 40+ years the company has delivered 180+ building projects, 46+ road/bridge/infrastructure projects including international airstrips, and 3,500 housing units, with operations extending into the Maldives and Qatar.

ICC's offering is vertically integrated across the construction value chain. It manufactures precast and prestressed concrete products (pipes, beams, piles, slabs, wall panels) at integrated yards in Piliyandala and Anuradhapura; licenses and operates the Elematic Finland ACOTEC precast wall panel system (claimed 5x faster than traditional brick, 3x faster than CLC/AAC block); runs Prefabricated Pre-finished Volumetric Construction (PPVC) modular solutions for apartments, hospitals, hostels and residences; produces readymix concrete, prefinished timber flooring and deck tiles, and the eco-friendly DURRA dry-wall panel made from rice paddy straw. It also operates an MEP services division, a Smart Eco wastewater treatment line using Fixed Bed Biological Reactor technology, and a renewable energy division targeting carbon-negative status by 2025.

The business model combines project-based construction contracts (won via competitive tender leveraging CS2/EM1 grading), manufactured product sales (precast, readymix, timber, DURRA — with select pricing disclosed for concrete pipes via product catalog), and property development income through unit sales, rentals, and hospitality management of its own portfolio (Bay One Residences Colombo at Port City, Oceanfront Condominiums, Mount Clifford Residencies, Orchid Apartments II, The Residencies Kotte, Saama Villas). Go-to-market is enterprise field sales for government and private construction contracts, direct sales galleries for residential units, online marketplace listings on Stockpile.lk for manufactured products, and a captive financing channel via a 2024 Pan Asia Bank partnership. The company is privately held with no public listing and no disclosed revenue figures.

Name

ICC

Legal name

International Construction Consortium (Pvt) Ltd

Website

https://icc-construct.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

ICC (International Construction Consortium) is a privately held Sri Lankan construction and property development company, founded in 1980, holding the highest CS2 and EM1 CIDA gradings, delivering integrated civil engineering, MEP, precast manufacturing, PPVC modular construction, and residential property development across Sri Lanka, the Maldives, and Qatar.

Ownership category

akta.pro rank

Headquarters

HQ city

Nugegoda

HQ country

Sri Lanka

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Contracts: ICC generates revenue by winning and executing large-scale construction contracts for civil engineering works including roads, bridges, highways, commercial buildings, sports facilities, hotels, and infrastructure projects. Revenue is earned through project-based contracts tendered competitively.
2. Property Development & Management: ICC develops and owns residential and commercial properties (serviced apartments, condominiums, housing complexes, commercial buildings) and earns revenue through unit sales, rental income, and hotel/hospitality management fees. The company runs a fully fledged rental management system.
3. Precast & Prestressed Products: ICC manufactures and sells a wide range of precast and prestressed concrete products including pipes, piles, beams, paving blocks, drainage units, and wall panels through dedicated manufacturing facilities.
4. ReadyMix Concrete: ICC produces and delivers ready-mix concrete for construction projects, sold by volume with pricing based on diameter/size specifications.
5. Timber & DURRA Products: ICC manufactures and sells prefinished timber flooring, timber deck tiles, and DURRA wall panels made from rice paddy straw for residential and commercial applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

ICC is a Sri Lanka-based full-service construction company that delivers civil engineering works, roads/bridges/highways, commercial buildings, MEP installations, and property development. It also manufactures and sells proprietary building products including ACOTEC precast wall panels, precast and prestressed concrete components, PPVC modular building solutions, DURRA sustainable panels, timber flooring/deck tiles, and ready-mix concrete, and operates rental and property management services.

Product overview

ICC (International Construction Consortium (Pvt) Ltd) is Sri Lanka's leading construction company established in 1980, offering an integrated portfolio of construction services and specialized construction products. The company operates multiple distinct product lines: (1) ICC Precast and Prestressed Products - a comprehensive range including concrete pipes, bridge beams, cement blocks, paving blocks, box culverts, drainage systems, piles, kerbs, and structural components manufactured at integrated Precast Concrete Yards in Piliyandala and Anuradhapura; (2) ICC ACOTEC Precast Wall Panels - lightweight wall systems using ELEMATIC Finland technology in 75mm/100mm/140mm thicknesses, 5x faster than traditional brick; (3) ICC Modular Building Solutions (PPVC) - prefabricated volumetric construction for apartments, hospitals, hostels, and residential units using off-site fabrication; (4) ICC Prefinished Timber - flooring and deck tiles from fully automated timber production using natural timber with factory-applied finishes; (5) ICC DURRA - eco-friendly drywall partition panels from rice paddy straw with acoustic and fire ratings; (6) ICC Readymix Concrete - ready-to-use concrete with consistent quality; (7) ICC Smart Eco Solutions - wastewater and waste management including Fixed Bed Biological Reactor technology; (8) Property Development & Management - real estate development including Bay One Residences Colombo, Oceanfront Condominiums, and The Residencies Kotte; (9) MEP Services, Civil Engineering, Roads & Bridges, and Design & Build services. The company holds CS2/EM1 CIDA grading and operates renewable energy and agricultural divisions.

Differentiator

Problem solved

Functional benefit

Brands

• ICC Precast: Precast and prestressed concrete products including pipes, beams, piles, slabs, kerbs, and wall panels manufactured at integrated Precast Concrete Yards.
• ICC Timber
• ICC Durra
• ICC Modular / PPVC
• ICC ACOTEC
• ICC Properties
• ICC ReadyMix
• ICC Smart Eco

Quantifiable outcome

• 5x faster construction with ACOTEC wall panels compared to traditional brick-wall and cement cellular-block-wall
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Regional players

• Sunway Construction Group Berhad: Malaysian integrated construction group with civil engineering, precast manufacturing, and property development — the closest regional analogue to ICC's vertical integration model, though focused on Malaysia.

Direct peers

• Access Engineering PLC: Listed Sri Lankan civil engineering and construction firm competing head-to-head with ICC for government infrastructure tenders (roads, bridges, water) and commercial building projects, with comparable CIDA-grade credentials and execution scale.
• Sierra Construction (Pvt) Ltd: Privately held Sri Lankan construction company offering civil engineering, building, and infrastructure services across residential, commercial, and government projects in direct competition with ICC.
• Tudawe Brothers (Pvt) Ltd: Long-established Sri Lankan construction and property development firm with comparable civil engineering, building, and real estate capabilities serving government and private clients.
• MTD Walkers PLC: Sri Lankan engineering, construction, and real estate company with overlapping civil engineering, MEP, and property development capabilities, serving both public and private sector clients in the same market as ICC.
• Prime Group Sri Lanka: Sri Lankan real estate developer active in luxury apartments, mixed-use developments, and property management, overlapping with ICC's property development portfolio in Colombo and other prime locations.
• John Keells Properties: Sri Lankan property development arm of John Keells Holdings, developing luxury residential and mixed-use projects — directly comparable to ICC's premium condominium and serviced apartment portfolio.

Broad incumbents

• Elematic Oy: Finnish global supplier of precast concrete and panel technologies, including the ACOTEC system ICC licenses; comparable as a competing provider of precast building technologies serving international markets.
• Larsen & Toubro: Large Indian conglomerate with a substantial construction and infrastructure division, competing for large-scale government and industrial projects across South Asia and representing a broader incumbent in ICC's addressable market.
• Hyundai Engineering & Construction: Large Korean construction and engineering company active in roads, bridges, high-rise buildings, and infrastructure across South Asia, representing a broad incumbent competitor for major project tenders in ICC's geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/iccsrilankaLK
• LinkedInlinkedin.com/company/international-construction-consortium-pvt-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICC