23 November 2008
Zamil Steel officially opened its new factory in Pune, India, on Friday 14 November 2008. The state-of-the-art manufacturing facility, built across an area of 87,000 square meters, is capable of producing 30,000 MT of pre-engineered buildings ("PEB") and other steel products per year, to meet the demands of Zamil Steel India's clients in the domestic and export markets. Total investment in the new plant is approximately SAR 120 million (USD 32 million).
Pre-engineered steel buildings are well suited for use as factories, warehouses, labor camps, supermarkets and for many other industrial and commercial purposes. The facility is already producing and supplying high-end pre-engineered steel buildings to various customers in Bangalore, Chennai, Hyderabad, and Jamshedpur. The company is planning to set up a second PEB manufacturing facility in India by 2010 or 2011 depending on the future demand for PEB products in the Indian market. Zamil Steel also plans to launch its other divisions: Structural Steel, Towers and Galvanizing, and Canam Joists and Decking in India in the future.
The opening ceremony was held under the patronage of Dr. Abdulrahman Al Zamil, Chairman of Zamil Industrial, and leading architects and clients of Zamil Steel India. Attending dignitaries included local government officials and representatives, and senior Zamil Steel executives from the company's Saudi Arabia and India facilities.
At the opening ceremony of the new factory, Adnan Al Mansour, President of Zamil Steel Industries, stated: "India represents a key market location in our overall growth strategy. The new facility has already demonstrated the value of proximity to India's rapidly expanding customer base. It will enable us to continue to provide a broad and expanding range of products that meet the varied needs of our widening customer base, appeal to new and current clients, and function as the building blocks of our growth and expansion of across the region."
Commenting on the new manufacturing facility in India, Mr. Gandhi Tayoun, General Manager of Zamil Steel India explained, "We closely assessed the market opportunity of the Indian PEB sector over the last few years and we are now ready to make our presence felt in the marketplace with the launch of our new plant. We look forward to bringing our global expertise and best practices along with world class products to our customers in India. The new plant also significantly strengthens our position in the global market place for steel products."
- Ends -
About Zamil Steel Industries
Founded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil steel operates a joint venture between Zamil Industrial and Steel Plus, a subsidiary of Canam Group, Canada, called Canam Asia Ltd. (CAL), to design and fabricate open web steel joists and roof and floor steel decks.
Zamil Steel manufactures more than 330,000 MT of fabricated steel per annum of low rise and high rise steel buildings and structures for diverse industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Zamil Steel's products are sold in more than 80 countries through an international network of dedicated sales and representative offices, certified builders, agents and distributors.
Zamil Steel's main factories are based in Dammam, Saudi Arabia. Additional factories are located in Egypt, Vietnam, India and Ras Al Khaima (UAE). More than 600 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
Zamil Steel operates as one of the four sector businesses of Zamil Industrial.(www.zamilsteel.com)
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 9,600 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).
For the year ended 31 December 2007, Zamil Industrial posted turnover of SAR 3.681 billion/USD 982 million, a growth of 28.4% over 2006, with net profit, after Zakat contribution, of SAR 206.5 million/USD 55.1 million. Post Zakat Earnings Per Share during 2007 grew to SAR 4.59/USD 1.22 from SAR 4.26/USD 1.14 representing 7.8 percent growth. Shareholders' equity grew by 20.3% to SAR 894.3 million/USD 238.5 million. Export sales accounted for SAR 1,337 million/USD 356.5 million representing 36% of total revenue and 20.4% growth over 2006. Zamil Industrial exports to more than 80 international markets.
Zamil Industrial shares are actively traded on the Saudi Stock Market. More information can be found at www.zamilindustrial.com.
For more information, please contact:
Said Al Daajani
Zamil Industrial
Corporate Communications
Tel: (966) 3 8108181
Fax: (966) 3 8108190
E-mail: saidaldaajani@zamilindustrial.com
Zamil Steel officially opened its new factory in Pune, India, on Friday 14 November 2008. The state-of-the-art manufacturing facility, built across an area of 87,000 square meters, is capable of producing 30,000 MT of pre-engineered buildings ("PEB") and other steel products per year, to meet the demands of Zamil Steel India's clients in the domestic and export markets. Total investment in the new plant is approximately SAR 120 million (USD 32 million).
Pre-engineered steel buildings are well suited for use as factories, warehouses, labor camps, supermarkets and for many other industrial and commercial purposes. The facility is already producing and supplying high-end pre-engineered steel buildings to various customers in Bangalore, Chennai, Hyderabad, and Jamshedpur. The company is planning to set up a second PEB manufacturing facility in India by 2010 or 2011 depending on the future demand for PEB products in the Indian market. Zamil Steel also plans to launch its other divisions: Structural Steel, Towers and Galvanizing, and Canam Joists and Decking in India in the future.
The opening ceremony was held under the patronage of Dr. Abdulrahman Al Zamil, Chairman of Zamil Industrial, and leading architects and clients of Zamil Steel India. Attending dignitaries included local government officials and representatives, and senior Zamil Steel executives from the company's Saudi Arabia and India facilities.
At the opening ceremony of the new factory, Adnan Al Mansour, President of Zamil Steel Industries, stated: "India represents a key market location in our overall growth strategy. The new facility has already demonstrated the value of proximity to India's rapidly expanding customer base. It will enable us to continue to provide a broad and expanding range of products that meet the varied needs of our widening customer base, appeal to new and current clients, and function as the building blocks of our growth and expansion of across the region."
Commenting on the new manufacturing facility in India, Mr. Gandhi Tayoun, General Manager of Zamil Steel India explained, "We closely assessed the market opportunity of the Indian PEB sector over the last few years and we are now ready to make our presence felt in the marketplace with the launch of our new plant. We look forward to bringing our global expertise and best practices along with world class products to our customers in India. The new plant also significantly strengthens our position in the global market place for steel products."
- Ends -
About Zamil Steel Industries
Founded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil steel operates a joint venture between Zamil Industrial and Steel Plus, a subsidiary of Canam Group, Canada, called Canam Asia Ltd. (CAL), to design and fabricate open web steel joists and roof and floor steel decks.
Zamil Steel manufactures more than 330,000 MT of fabricated steel per annum of low rise and high rise steel buildings and structures for diverse industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Zamil Steel's products are sold in more than 80 countries through an international network of dedicated sales and representative offices, certified builders, agents and distributors.
Zamil Steel's main factories are based in Dammam, Saudi Arabia. Additional factories are located in Egypt, Vietnam, India and Ras Al Khaima (UAE). More than 600 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
Zamil Steel operates as one of the four sector businesses of Zamil Industrial.(www.zamilsteel.com)
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 9,600 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).
For the year ended 31 December 2007, Zamil Industrial posted turnover of SAR 3.681 billion/USD 982 million, a growth of 28.4% over 2006, with net profit, after Zakat contribution, of SAR 206.5 million/USD 55.1 million. Post Zakat Earnings Per Share during 2007 grew to SAR 4.59/USD 1.22 from SAR 4.26/USD 1.14 representing 7.8 percent growth. Shareholders' equity grew by 20.3% to SAR 894.3 million/USD 238.5 million. Export sales accounted for SAR 1,337 million/USD 356.5 million representing 36% of total revenue and 20.4% growth over 2006. Zamil Industrial exports to more than 80 international markets.
Zamil Industrial shares are actively traded on the Saudi Stock Market. More information can be found at www.zamilindustrial.com.
For more information, please contact:
Said Al Daajani
Zamil Industrial
Corporate Communications
Tel: (966) 3 8108181
Fax: (966) 3 8108190
E-mail: saidaldaajani@zamilindustrial.com
© Press Release 2008
