What State Asphalts NSW does

State Asphalts NSW, operating commercially as Kypreos Group and State Asphalt Services, is a privately held, independent Australian infrastructure services provider headquartered in Prestons, New South Wales. The company operates a single production facility at 90 Jedda Rd and delivers an integrated suite of asphalt-related services: customised asphalt mix production, full-service asphalt contracting, bituminous spray sealing, precision road profiling (via its Sydney Profiling sub-brand), cold mix supply for remote and quick-repair applications, and in-house laboratory quality testing. Its production technology is differentiated by its ability to incorporate non-standard recycled inputs — Reclaimed Asphalt Pavement, recycled coffee cups, crushed glass, and crumb rubber — into compliant asphalt mixes, framed as a sustainability and cost-efficiency advantage.

The company serves three primary customer segments: NSW government bodies and councils (highways, arterials, urban road networks), civil contractors engaged in infrastructure projects, and commercial developers requiring parking lots, industrial estates, and access roads. Its distribution is entirely domestic and concentrated in New South Wales, delivered through direct project engagement with enterprise and mid-market buyers. Pricing is quote-based and project-specific, with no publicly disclosed rates, and revenue is generated through two streams: product sales of asphalt mixes from owned facilities, and project-based contracting services for paving, spray sealing, profiling, and cold mix application.

The company is funded entirely through internal operations, with no disclosed funding rounds, parent company, or institutional investors. Long-tenured commercial relationships — including a 20+ year customer relationship with ALS Group and a multi-year bitumen supply partnership with Viva Energy — anchor recurring revenue. The firm's primary strategic assets are 50+ years of operating history, in-house production and laboratory infrastructure, and proprietary capability to formulate recycled-material asphalt mixes that meet public-sector sustainability requirements.

Name

State Asphalts NSW

Legal name

Kypreos Group

Website

https://stateasphalts.com.au

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

State Asphalts NSW (Kypreos Group) is a privately held, NSW-based independent asphalt producer and road infrastructure contractor serving government councils, civil contractors, and commercial developers across New South Wales.

Ownership category

akta.pro rank

Product category

Asphalt Paving and Road Infrastructure Services

NAICS

Asphalt Paving Mixture and Block Manufacturing (324121), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)

SIC

Asphalt Paving & Roofing Materials (2950), Construction Machinery & Equip (3531)

akta.pro primary industry

Asphalt Mixing & Paving Materials (Hot/Warm/Cold Mix, RAP/RAS Blends) (EUALAKAG)

akta.pro secondary industries

Asphalt & Pavement Removal / Milling (IMAFAKAM), Pavers & Road Construction Equipment (IMAHAAAI), Crumb Rubber & Rubberized Asphalt Products (EUALAKAJ)

Keywords

• Asphalt production services
• Road construction services
• Spray seal applications
• Road profiling milling
• Cold mix asphalt

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Asphalt Production and Supply: Production and supply of customized asphalt mixes from company-owned production facilities. Revenue generated through the sale of asphalt products to contractors, councils, and developers for road construction and maintenance projects.
2. Asphalt Contracting Services: Direct contracting services for asphalt paving, spray sealing, road profiling, and cold mix application. Project-based revenue from civil construction and infrastructure maintenance contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

State Asphalts NSW (operating as Kypreos Group) manufactures customized asphalt mixes at company-owned production facilities and delivers a full suite of road infrastructure services including asphalt paving/contracting, spray sealing, road profiling, cold mix supply, in-house laboratory quality testing, and ongoing asphalt maintenance for highways, urban roads, and commercial developments across New South Wales.

Product overview

State Asphalts NSW operates as a unified infrastructure services provider offering an integrated suite of asphalt production, contracting, and road maintenance solutions. The core portfolio spans six interconnected service lines: Asphalt Production (customised mixes at production facilities), Asphalt Contracting (full-service paving), Spray Seal (bituminous sealing), Road Profiling (precision milling via Sydney Profiling), Cold Mix (pre-mixed asphalt products), and Laboratory Services (quality testing). These services are designed to work together—from material production and surface preparation through to final paving and ongoing maintenance—serving highways, urban road networks, commercial developments, and government projects across NSW.

Differentiator

Problem solved

Functional benefit

Brands

• Sydney Profiling: Road profiling services using road milling machines for highway asphalt resurfacing projects.

Products and services

• Asphalt Production Customised asphalt mixes produced at company-owned facilities, incorporating sustainable recycled materials such as Reclaimed Asphalt Pavement (RAP), recycled coffee cups, crushed glass, and crumb rubber to reduce environmental impact. Sold to civil contractors, councils, and developers.
• Asphalt Contracting Comprehensive asphalt paving and road construction services delivered directly for highways, urban roads, commercial developments, and government infrastructure projects across NSW.
• Spray Seal Cost-effective, weather-resistant bituminous spray sealing solutions applied to deliver durable road surfaces for civil and government projects.
• Road Profiling Precision milling and surface preparation services using Sydney Profiling equipment to prepare road surfaces and ensure optimal paving results for new asphalt layers.
• Cold Mix Ready-to-use cold mix asphalt products supplied for quick repairs and remote project applications where hot mix is impractical.
• Laboratory Services In-house quality testing and inspection services that verify the quality and durability of every asphalt mix produced, supporting compliance and reliable road performance.
• Asphalt Maintenance Services Regular inspections, resurfacing, and repairs provided to extend the lifespan of roads and pavements for asset owners and government clients.

Quantifiable outcome

• Reduced carbon footprint through incorporation of recycled materials including RAP, recycled coffee cups, crushed glass, and crumb rubber

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Viva EnergycoreOthersViva Energy has been a bitumen supplier to State Asphalt for many years, providing materials essential for asphalt and sprayed sealing activities. Viva Energy describes State Asphalt as a very competent technical partner in all asphalt and sprayed sealing activities.
• GetmilkminorOthersGetmilk is a website development agency that built the Kypreos Group corporate website, representing a professional services relationship for web development.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Boral Limited: Australia's largest integrated construction materials and building products company with nationwide asphalt production, paving, and road construction operations. Direct overlap with State Asphalts across asphalt mix supply and contracting, but at vastly greater scale and multi-state reach.
• Downer EDI: Major Australian infrastructure services provider with extensive road maintenance, asphalt paving, and spray sealing operations across Australia and New Zealand. Overlaps with State Asphalts on government road maintenance contracts and asphalt production, but at much broader scale.
• Fulton Hogan: Trans-Tasman infrastructure contractor with substantial asphalt production, paving, and road maintenance operations spanning Australia and New Zealand. Comparable in core asphalt services but operates at materially larger geographic and financial scale.
• Hanson Construction Materials: Australia's leading aggregates and concrete producer with asphalt production capabilities supplying road construction markets. Competes with State Asphalts on asphalt supply to civil contractors and government projects, backed by vertically integrated quarry assets.

Direct peers

• Alex Fraser Group: Australian leader in recycled construction materials, including high-volume RAP and recycled glass aggregates used in asphalt production. Closest direct peer to State Asphalts' sustainability-led recycled-input asphalt approach, with overlapping customer base among civil contractors and government buyers.
• Allied Asphalt: Australian asphalt manufacturing and laying contractor supplying councils and civil contractors in NSW. Closely comparable scale and service offering to State Asphalts, competing head-to-head on similar tenders.
• Stabilised Pavements of Australia: Specialist Australian pavement stabilisation and asphalt contractor providing road construction and maintenance services to government and civil clients. Comparable regional player competing for similar NSW road maintenance tenders with overlapping service scope.
• J & P Richardson Industries: Family-owned Australian civil construction and asphalt contractor with asphalt plants and road construction operations in NSW and Victoria. Directly comparable mid-sized competitor with similar service portfolio and government/civil customer base.
• Hiways Group: Australian asphalt production and paving contractor with operations across multiple states including NSW. Directly comparable to State Asphalts in service mix (production, laying, spray seal) and customer segments (councils, civil contractors).

Others

• Viva Energy (bitumen supply perspective): Major Australian fuel and bitumen supplier that provides raw materials to State Asphalts. Included as an ecosystem participant — Viva Energy is both an upstream supplier and a customer testimonial reference, illustrating the vertical value chain State Asphalts operates within.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 State Asphalts NSW