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ACICO Group

Full company profile

uuid003beis

Namestring
ACICO Group
Websiteurl
acicogroup.com
Company typeenum
Private
Founded yearint
1990
Descriptiontext

ACICO Group is a Kuwait-based, publicly listed multi-sector construction company (kse:ACICO) founded in 1990 that manufactures building materials, with a primary focus on Autoclaved Aerated Concrete (AAC) lightweight construction products. The company operates in the Kuwaiti construction value chain, producing materials used in residential, commercial, and infrastructure projects, and serves developers, contractors, and likely public-sector infrastructure clients within Kuwait. It employs between 1,001 and 5,000 people and operates under the trade name 'ACICO Industries' alongside the parent ACICO Group identity.

The company's core technology centers on AAC manufacturing, an industrial process that produces lightweight precast building elements with thermal-insulation properties suited to Gulf-region climate construction. While specific product portfolio details are not disclosed in available sources, ACICO is positioned as a multi-sector player spanning multiple construction material categories rather than a single-product specialist, suggesting both upstream manufacturing and downstream construction services exposure.

Revenue mechanics are not explicitly disclosed, but the financial trajectory indicates material cyclicality tied to Kuwaiti construction demand: revenue declined from 2021 through 2024 before recovering in 2025, with operating income and net income swinging from significant losses in 2022 to positive territory in 2025. The company maintains a board chaired by Emad Al-Issa and experienced a CEO transition in April 2026 when Mohamad Yehya Yassin resigned. No specific pricing model, customer segmentation, or geographic expansion data is available in current sources, limiting visibility into commercial mechanics beyond the public-company financial footprint.

Short descriptiontext

ACICO Group is a Kuwait-based, publicly listed multi-sector construction company founded in 1990 that manufactures Autoclaved Aerated Concrete (AAC) and other building materials for residential, commercial, and infrastructure construction projects in Kuwait.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersKuwait, Kuwait
HQ citystring
Kuwait
HQ countrystring
Kuwait
HQ regionstring
Middle East
Markets served

Serves global market

Keyword5 values
autoclaved aerated concrete, building materials manufacturing, construction products, lightweight concrete blocks, precast construction materials
Industry1 code
1Autoclaved Aerated Concrete (AAC) Blocks & Panels
CodeIMADABACPrimaryYes
NAICS code2 codes
  • Cement and Concrete Product Manufacturing3273
  • Other Concrete Product Manufacturing327390
SIC code1 code
  • Concrete Products, Except Block & Brick3272
Product category
Building Materials Manufacturing
Social media profiles1 record
Cost components4 values
Supply Chain, Operations, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

ACICO Group manufactures Autoclaved Aerated Concrete (AAC) building materials used in construction applications. The company produces lightweight blocks, panels, and related construction components that serve residential, commercial, and infrastructure building projects in the regional market.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

ACICO Group is a company in the Autoclaved Aerated Concrete (AAC) building materials industry, producing lightweight building materials for construction applications. No specific product portfolio details are available from the provided source data.

Product and service1 record
1Autoclaved Aerated Concrete (AAC) building materials
Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Peers10 records
1CEMEX
TypeBroad incumbent
Description

Global building materials heavyweight with concrete, cement, and aggregates operations including lightweight concrete offerings. Comparable end-markets and customer base to ACICO.

2Holcim
TypeBroad incumbent
Description

Global cement, aggregates, and concrete products major with growing lightweight/green building solutions portfolio. Overlaps with ACICO in concrete-based construction materials.

3Heidelberg Materials
TypeBroad incumbent
Description

Major global building materials group with cement, aggregates, and ready-mix concrete businesses. Comparable in core concrete-product manufacturing and construction end-market exposure.

4Xella Group
TypeDirect peer
Description

European-headquartered leading manufacturer of Autoclaved Aerated Concrete products (Ytong, Hebel brands). Most directly comparable global AAC pure-play to ACICO's core product line.

5H+H International
TypeDirect peer
Description

Denmark-based manufacturer of AAC walling products serving European residential and commercial construction. Closely comparable AAC-focused business model and product technology.

6Magicrete Building Solutions
TypeEmerging player
Description

Indian AAC blocks and construction chemicals manufacturer. Comparable in AAC manufacturing focus but smaller scale and geographically focused on the Indian market.

7CRH plc
TypeBroad incumbent
Description

Diversified building materials group with concrete, aggregates, and infrastructure products across multiple geographies. Comparable in vertical integration and multi-sector construction exposure.

8Saudi Cement Company
TypeRegional player
Description

Leading Saudi cement and clinker producer serving GCC construction markets. Comparable as a regional building-materials incumbent exposed to similar Gulf construction dynamics.

9Qatar National Cement Company
TypeRegional player
Description

GCC-based cement and concrete products manufacturer serving similar Gulf construction end-markets. Comparable in regional customer base and construction cycle exposure.

10Biltech Building Elements
TypeDirect peer
Description

Indian AAC blocks and panels manufacturer with a similar product portfolio to ACICO's AAC offering, though operating in a different geography.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

ACICO Group

Building Materials Manufacturingacicogroup.com

ACICO Group is a Kuwait-based, publicly listed multi-sector construction company founded in 1990 that manufactures Autoclaved Aerated Concrete (AAC) and other building materials for residential, commercial, and infrastructure construction projects in Kuwait.

What ACICO Group does

ACICO Group is a Kuwait-based, publicly listed multi-sector construction company (kse:ACICO) founded in 1990 that manufactures building materials, with a primary focus on Autoclaved Aerated Concrete (AAC) lightweight construction products. The company operates in the Kuwaiti construction value chain, producing materials used in residential, commercial, and infrastructure projects, and serves developers, contractors, and likely public-sector infrastructure clients within Kuwait. It employs between 1,001 and 5,000 people and operates under the trade name 'ACICO Industries' alongside the parent ACICO Group identity.

The company's core technology centers on AAC manufacturing, an industrial process that produces lightweight precast building elements with thermal-insulation properties suited to Gulf-region climate construction. While specific product portfolio details are not disclosed in available sources, ACICO is positioned as a multi-sector player spanning multiple construction material categories rather than a single-product specialist, suggesting both upstream manufacturing and downstream construction services exposure.

Revenue mechanics are not explicitly disclosed, but the financial trajectory indicates material cyclicality tied to Kuwaiti construction demand: revenue declined from 2021 through 2024 before recovering in 2025, with operating income and net income swinging from significant losses in 2022 to positive territory in 2025. The company maintains a board chaired by Emad Al-Issa and experienced a CEO transition in April 2026 when Mohamad Yehya Yassin resigned. No specific pricing model, customer segmentation, or geographic expansion data is available in current sources, limiting visibility into commercial mechanics beyond the public-company financial footprint.

ACICO Group firmographics

Firmographics
Name
ACICO Group
Website
https://acicogroup.com
Company type
Private
Founded year
1990
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
ACICO Group is a Kuwait-based, publicly listed multi-sector construction company founded in 1990 that manufactures Autoclaved Aerated Concrete (AAC) and other building materials for residential, commercial, and infrastructure construction projects in Kuwait.
Ownership category
akta.pro rank

ACICO Group industry classification

Industry
Product category
Building Materials Manufacturing
NAICS
Cement and Concrete Product Manufacturing (3273), Other Concrete Product Manufacturing (327390)
SIC
Concrete Products, Except Block & Brick (3272)
akta.pro primary industry
Autoclaved Aerated Concrete (AAC) Blocks & Panels (IMADABAC)

Keywords

  • Autoclaved aerated concrete
  • Building materials manufacturing
  • Construction products
  • Lightweight concrete blocks
  • Precast construction materials

Where ACICO Group is headquartered

Location

Headquarters

HQ city
Kuwait
HQ country
Kuwait
HQ region
Middle East

Markets served

ACICO Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure

ACICO Group product offering

Product offering

Core offering

ACICO Group manufactures Autoclaved Aerated Concrete (AAC) building materials used in construction applications. The company produces lightweight blocks, panels, and related construction components that serve residential, commercial, and infrastructure building projects in the regional market.

Product overview

ACICO Group is a company in the Autoclaved Aerated Concrete (AAC) building materials industry, producing lightweight building materials for construction applications. No specific product portfolio details are available from the provided source data.

Differentiator

Problem solved

Functional benefit

Products and services

  • Autoclaved Aerated Concrete (AAC) building materials

Companies that use ACICO Group

Customer profile

Ideal customer profiles1 record

ACICO Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

ACICO Group partnerships and signals

Strategic signal

Recent moves3 records

ACICO Group competitors and assessment

Company assessment

Broad incumbents

  • CEMEX: Global building materials heavyweight with concrete, cement, and aggregates operations including lightweight concrete offerings. Comparable end-markets and customer base to ACICO.
  • Holcim: Global cement, aggregates, and concrete products major with growing lightweight/green building solutions portfolio. Overlaps with ACICO in concrete-based construction materials.
  • Heidelberg Materials: Major global building materials group with cement, aggregates, and ready-mix concrete businesses. Comparable in core concrete-product manufacturing and construction end-market exposure.
  • CRH plc: Diversified building materials group with concrete, aggregates, and infrastructure products across multiple geographies. Comparable in vertical integration and multi-sector construction exposure.

Direct peers

  • Xella Group: European-headquartered leading manufacturer of Autoclaved Aerated Concrete products (Ytong, Hebel brands). Most directly comparable global AAC pure-play to ACICO's core product line.
  • H+H International: Denmark-based manufacturer of AAC walling products serving European residential and commercial construction. Closely comparable AAC-focused business model and product technology.
  • Biltech Building Elements: Indian AAC blocks and panels manufacturer with a similar product portfolio to ACICO's AAC offering, though operating in a different geography.

Emerging players

  • Magicrete Building Solutions: Indian AAC blocks and construction chemicals manufacturer. Comparable in AAC manufacturing focus but smaller scale and geographically focused on the Indian market.

Regional players

  • Saudi Cement Company: Leading Saudi cement and clinker producer serving GCC construction markets. Comparable as a regional building-materials incumbent exposed to similar Gulf construction dynamics.
  • Qatar National Cement Company: GCC-based cement and concrete products manufacturer serving similar Gulf construction end-markets. Comparable in regional customer base and construction cycle exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

ACICO Group social profiles

Digital presence

ACICO Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ACICO Group leadership team

Management profile

Number of profiles

Profiles1 record

ACICO Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

ACICO Group M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about ACICO Group

What does ACICO Group do?

ACICO Group manufactures Autoclaved Aerated Concrete (AAC) building materials used in construction applications. The company produces lightweight blocks, panels, and related construction components that serve residential, commercial, and infrastructure building projects in the regional market.

Is ACICO Group a public or private company?

ACICO Group is a private company. It is classified as public and is currently operating.

When was ACICO Group founded?

ACICO Group was founded in 1990. It employs 1,001 to 5,000 people.

Where is ACICO Group based?

ACICO Group is headquartered in Kuwait, Kuwait, in the Middle East region.

Who are ACICO Group's main competitors?

Broad incumbents on record are CEMEX, Holcim, Heidelberg Materials and CRH plc. Direct peers are Xella Group, H+H International and Biltech Building Elements. Magicrete Building Solutions is listed as an emerging player. Regional players are Saudi Cement Company and Qatar National Cement Company.

Does ACICO Group have an API?

No public API is recorded for ACICO Group.

What industry is ACICO Group in?

ACICO Group's product category is Building Materials Manufacturing. Its primary akta.pro industry code is IMADABAC, Autoclaved Aerated Concrete (AAC) Blocks & Panels. Its NAICS code is 3273 and its SIC code is 3272.

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Live signals
ZawyaACICO announces financial results for the first quarter of 2026ACICO Group reported Q1 2026 operating revenues of KD 22.00 million, up 23% year-on-year, with general and administrative expenses down 13% and finance costs down 50%. The group posted a profit of KD 174 thousand, and total assets stood at KD 242.96 million as of 31 March 2026.ZawyaACICO Group announces financial results for the year ended 31 December 2025ACICO Group reported a net profit of 2.9 million Kuwaiti dinars for the year ended 31 December 2025, reversing a 2024 loss of 11.2 million dinars. The results reflect a 69.4 million dinar debt reduction and a 26% drop in liabilities, with total equity rising to 29.7 million dinars. The new board will focus on operational efficiency and market share growth.KuritaCetamine® TechnologyKurita promotes its Cetamine® Technology through a compilation of testimonials from industrial clients such as ACICO, SABIC, and Uniker UK, highlighting benefits like reduced corrosion, lower operational costs, and improved boiler efficiency. The article details successful implementations across various sectors including petrochemicals, pharmaceuticals, and power generation, emphasizing the technology's ability to replace traditional phosphate treatments.GlobeNewswireSiwertell receives third order for road-mobile cement unloader from Acico ConstructionSiwertell signed a contract with Kuwait-based Acico Construction for its third road-mobile cement unloader, a diesel-powered Siwertell 10 000 S unit with a 300t/h capacity. The unit will be built in Sweden and delivered by the end of Q1 2017 for use at Kuwait's Shuaiba port.PR NewswireGrowing Emphasis on Green Buildings Leads to Stiff Competition Among Xella Corp., ACICO Industries and Aeroc International in the Autoclaved Aerated Concrete (AAC) MarketMordor Intelligence published a research report projecting the global autoclaved aerated concrete (AAC) market to grow from USD 3,375 million in 2015 to USD 5,182 million by 2021. The report identifies Xella Corp., ACICO Industries, and Aeroc International as major players competing in this sector, driven by demand for green buildings.GlobeNewswireSiwertell receives a repeat order for road-mobile unloader in KuwaitSiwertell will supply a second road-mobile unloader to Acico Construction in Kuwait, with delivery by May 2015. The unit, a Siwertell 10000 S, will discharge cement at 300t/h at Shuaiba Port. Acico's first unit was delivered in July 2014.GlobeNewswireNew Siwertell mobile unloader serves Kuwaiti construction industrySiwertell delivered and commissioned a new mobile unloader for Kuwaiti Acico Construction Co., now operating in Shuaiba port. The diesel-powered unit, built in Sweden, handles cement at 300t/h with dust filters and a double bellows system. It was ordered in June to meet regional cement demand.