Innovative Composites to supply composites housing to Haiti, Ghana

Innovative Composites will supply approximately $68 million in composites-based EcoScape housing structures for large-scale projects in Haiti and Ghana.

Innovative Composites International Inc. (ICI, Toronto, Ontario, Canada) on July 11 announced that it has signed a contract to supply approximately $68 million (USD) in composites-based EcoScape housing structures for large-scale projects in Haiti and Ghana.

EcoScape housing structures are comprised of Structure-Lite composite panels, also made by ICI. The panels use a sandwich construction with a honeycomb core.

The contract with Barclays Gedi Group (BGG), a U.S.-based construction conglomerate, follows 16 months of joint efforts attempting to secure large-scale construction projects in Haiti and other jurisdictions. In order to service this contract ICI will immediately begin establishing a second manufacturing facility in South Carolina.

The 2 million ft2/185,806m2 of housing represent approximately 40 percent of the planned output capacity of the South Carolina facility. The projects are estimated at $68 million based on a $34/sq-ft price of ICI's 880-ft2 house design. ICI has committed to start supplying homes as soon as the South Carolina facility is up and running.

"ICI's EcoScape house is the perfect solution for large-scale housing projects we have underway in various parts of the world because they are not only weather impervious but are easily and quickly assembled by local labour," said Wayne Gerl, president of BGG. "We believe this product has the potential to significantly grow our business and look forward to a continuous, long-term relationship with ICI," he added.

"This is a game changer for ICI. One we have been working on for the last two years. I have to congratulate the entire ICI team that has persevered through long, frustrating delays and has worked very hard to establish EcoScape as the product of choice for large-scale affordable housing contracts," said ICI president and CEO Terry Ball. "We have a lot of hard work ahead of us, but I believe we haven't even scratched the surface in terms of market penetration and will be able to accelerate project roll out once the SC facility is up and running," he said.