What CODICO S. A. does

Constructora CODICO S.A. is a Guatemalan civil engineering construction company founded in 1975 and headquartered in Guatemala City, with its primary operational base in the northeastern (nor-oriental) region of the country. The firm provides consulting, planning, direction, and execution services for civil engineering works spanning road infrastructure, port and naval facilities, bridges, industrial and commercial buildings, modular healthcare and education structures, sports complexes, and municipal public works. It has been engaged in road maintenance for the Unidad Ejecutora de Conservación Vial and Fideicomiso del Fondo Vial on a continuing basis since 1977, and its project portfolio includes government clients (EMPORNAC, Marina de la Defensa Nacional, ZOLIC, Municipalidad de Guatemala), military and free-trade-zone operators, and select commercial accounts (Shell gas stations, Banco del Nor-Oriente, Compañía Guatemalteca de Níquel).

The company is vertically integrated across the construction materials value chain. It owns and operates quarries, aggregate processing plants, asphalt mixing facilities, and hydraulic concrete batch plants at its Cayuga (Morales, Izabal) and Puerto Barrios sites, producing materials for both internal project consumption and external sale to third-party contractors. Its equipment fleet supports earth moving, pile driving, grading, compaction, asphalt laydown, and concrete placement, enabling end-to-end delivery from site preparation through finished infrastructure. The business is ISO 45001:2018 certified for occupational health and safety and is registered with the Registro General de Adquisiciones del Estado, a prerequisite for bidding on Guatemalan public contracts.

Commercially, CODICO generates revenue through two streams: project-based construction services (quote-based, negotiated per project with government and enterprise buyers) and production/sale of construction materials (asphalt, aggregates, hydraulic concrete). Its primary customer segment is government at national, regional, and municipal levels, with a secondary commercial and industrial segment. The company operates as part of Grupo G&M, a diversified Guatemalan conglomerate aggregating construction, transport, hospitality, and water park businesses, and is a member of the Asociación Guatemalteca de Contratistas de la Construcción. Revenue figures are not publicly disclosed.

Name

CODICO S. A.

Legal name

Constructora CODICO S.A.

Website

https://codico.net

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Constructora CODICO S.A. is a Guatemalan civil engineering construction company founded in 1975 that delivers consulting, planning, and execution of road, port, naval, industrial, and public infrastructure projects, supported by vertically integrated quarries, asphalt, and concrete production. It primarily serves Guatemalan government agencies at national, regional, and municipal levels, with select commercial clients.

Ownership category

akta.pro rank

Product category

Civil Engineering Construction

NAICS

Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (23622)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Modular/Offsite General Contracting & Installation (IMAFAAAK)

akta.pro secondary industry

Government & Civic Building Construction (Courthouses, City Halls, Public Safety) (IMAFACAF)

Keywords

• Civil construction services
• Asphalt production
• Aggregate processing
• Hydraulic concrete
• Road infrastructure

Headquarters

HQ city

Guatemala City

HQ country

Guatemala

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: Consulting, planning, direction, and execution of civil engineering construction projects including road infrastructure, port facilities, buildings, and industrial works.
2. Material Production and Sales: Production and commercialization of construction materials including asphalt, aggregates, and hydraulic concrete for internal use and external sales.

Distribution channels1 record

Marketing channels2 records

Core offering

Constructora CODICO S.A. provides civil engineering construction services including consulting, planning, direction, and execution of infrastructure projects such as roads, ports, bridges, and buildings. The company also operates in-house production of construction materials, specifically asphalt, aggregates, and hydraulic concrete, at its Cayuga and Puerto Barrios facilities in Guatemala.

Product overview

Constructora CODICO S.A. is a civil engineering construction company with over 45 years of experience in the Guatemalan market. The company operates as a unified construction services provider organized under the Grupo G&M conglomerate. Its core offerings include civil engineering construction services (consulting, planning, and execution of infrastructure projects), asphalt production and laydown services, hydraulic concrete production and placement, aggregate processing from its quarrying operations, earth moving services, and road maintenance services. The company serves multiple sectors including port and naval, road infrastructure, mining, health and sports, airport, agricultural, industrial, commercial, educational, and municipal sectors across northeastern Guatemala.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Engineering Construction Services
• Asphalt Production and Laydown
• Hydraulic Concrete Production
• Aggregate Processing
• Road Maintenance Services
• Earth Moving Services
• Pile Driving Services

Named customers21 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Grupo G&McoreOthersParent company group that aggregates construction services, transport, hospitality, and water park businesses. CODICO is part of this corporate group providing unified service offerings across related sectors.
• Asociación Guatemalteca de Contratistas de la ConstruccióncoreOthersIndustry association affiliated with Cámara de la Construcción. Provides CODICO with industry representation, networking opportunities, and access to industry best practices and government liaison.
• Registro General de Adquisiciones del EstadocoreOthersGovernment procurement registry that enables CODICO to bid on and receive government construction contracts. Registration is a prerequisite for government contracting in Guatemala.

Scale indicators3 records

Recent moves9 records

Expansion highlights3 records

Broad incumbents

• Acciona Infraestructura: Global infrastructure contractor with significant Latin American presence. Comparable to CODICO as a heavy civil and government infrastructure contractor operating in the same broad category, though at much larger scale and with broader geographic reach.
• Cementos Progreso: Dominant Guatemalan cement and concrete producer with own quarrying operations. Comparable to CODICO because it operates in the same construction-materials supply chain and serves overlapping government and infrastructure clients in Guatemala.
• Grupo Mota-Engil: Portuguese-origin international construction group with Central American activity. Comparable as a general contractor executing road, port, and civil infrastructure projects for government clients.
• OHL (Obrascón Huarte Lain): Spanish construction group with historical Latin American infrastructure project execution. Comparable as a general heavy civil contractor competing for government infrastructure tenders in the same broad category.
• Ferrovial: Global infrastructure operator with Latin American road and civil works exposure. Relevant broader incumbent comparable to CODICO's road and infrastructure construction activities, though at substantially larger scale.
• Concretos Progreso: Guatemalan concrete and aggregates supplier affiliated with Cementos Progreso. Directly comparable to CODICO's hydraulic concrete and aggregate production operations in the same geographic market.
• Holcim Guatemala: Guatemalan operation of global building materials major, producing cement, aggregates, and ready-mix concrete. Comparable to CODICO's vertical integration into aggregate and concrete production and supplies overlapping infrastructure customers.

Regional players

• MECO: One of the largest road construction and asphalt paving contractors in Central America (operations in Guatemala, Costa Rica, Panama). Direct peer to CODICO in road construction, asphalt production, and government infrastructure work across the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/codico-s-a-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 CODICO S. A.