Aerated Concrete Industries Company (ACICO) was established in June 1990 as a Kuwait Shareholding Closed Company (K.S.C.C.) under license from Hebel International Germany.
The company's plants are located in Shuaibah Industrial Area in the State of Kuwait, UAE, Qatar, and Saudi Arabia. Heavy duty, light weight building units of reinforced and non-reinforced concrete are manufactured with the most advanced autoclaves using basic raw materials such as quartz sand, cement, and lime.
In order to expand the size of its business and the Company's revenue sources, ACICO entered the real estate sector by investing in the establishment of Al Masaken Co. The success of Al Masaken Co. and the distinguished role it played in the housing process in Kuwait prompted ACICO to acquire Al Masaken Co. later that year.
In accordance with its goal of continual expansion through greater diversification of revenue sources and to maintain greater stability and consistency in strong annual growth in revenues and profits, the Company added a contracting company to its array of businesses. ACICO acquired 75% of Ghassan Ahmad Al Khaled Company & Co. (GAK). This collaboration would ensure the absolute integration of a reputable aerated concrete production company and a well established experienced contracting company.
The company's industrial and real estate business has gone far beyond the boundaries of Kuwait to reach other GCC countries. ACICO has become the target among investors in terms of participating in projects or offering investment opportunities.
In the industrial business, ACICO installed a Dubai-based Emirates Aerated Concrete Industries Company (E-ACICO) plant, for the production of insulated blocks of autoclaved aerated concrete (AAC) in the Jebel Ali Industrial Area of Dubai, United Arab Emirates (UAE). The plant is owned entirely by ACICO and began its experimental production in April 2005. With its intention of expanding into all countries of the GCC, ACICO contributed a 45% stake in the installment of a plant, S-ACICO, for the production of aerated reinforced and non-reinforced concretes in the Kingdom of Saudi Arabia (KSA). The project is in its initial stage and is expected to begin production in the first quarter of 2006.
In line with its expansion into UAE and KSA, ACICO contributed a 49% stake in the installment of a plant in Qatar (Q-ACICO), for the production of aerated reinforced and nonreinforced concrete. Experimental production at the plant is expected to begin in the first quarter of 2007.