Zamil Steel Plant
officially inaugurates Ras Al Khaimah
factory
Zamil Steel (ZS) officially inaugurated its
new factory in Ras Al Khaimah, UAE,
yesterday evening.
The official ceremony was held under the
patronage of HH Sheikh Saud bin Saqr Al
Qassimi, Crown Prince and Deputy Ruler of
Ras Al Khaima, and was attended by Mohammed
Al Zamil, Chairman - Zamil Group, Dr.
Abdulrahaman Al Zamil, Chairman - Zamil
Industrial Investment Company, government
dignitaries and officials, major customers
and suppliers and numerous ZIIC corporate
officers from around the world.
The enormous potential of the UAE market
makes the new facility one of the most
important steps ZS has taken in its global
expansion initiative. The total investment
in this new plant is SAR 175 million (USD
46.7 million), split over two phases. While
the factory primarily serves the UAE market,
it also lends support by supplying the
neighboring Gulf countries' rising demand
for steel components.
'Our national sales have been rising
steadily over the past few years, increasing
by more than 40%. Specifically, our
pre-engineered steel buildings (PEB) sales
have reached their highest point ever, which
has allowed us to maintain our grip of the
PEB market in the GCC countries. These
factors, among others, have encouraged us to
continue implementing our global expansion
strategy,' said Adnan Al-Mansour, President
- Zamil Steel.
The first phase of the new facility was
completed in the fourth quarter of last
year, and small-scale manufacturing started
immediately afterwards. The plant is now
capable of producing 40,000 metric tons per
annum of pre-engineered steel buildings,
open web steel joists and floor decking. The
second phase of the factory, scheduled to be
operational by the end of 2007, will add an
additional 12,000 metric tons per year of
steel lattice towers.
The new facility is equipped with the latest
and most advanced technology available.
Complete technical, engineering and
administrative departments are also
available to meet customer requirements in a
comprehensive manner. The new plant has also
been integrated into the Zamil Industrial
Investment Company's (ZIIC) IT network,
streamlining the production and delivery
processes of the finest quality steel
products.
'ZS RAK mainly serves the UAE market, as
well as neighboring Gulf countries. It is a
crucial addition to our international
network of manufacturing facilities and will
help us continue to meet the demands of our
customers with the same level of quality and
dependability they have come to expect from
us,' concluded Adnan Al Mansour.
About Zamil Steel Industries (www.zamilsteel.com)
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 Investment Company 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.
ZS manufactures a total 250,000 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 and Ras Al
Khaima (UAE). More than 600 engineers are
employed in its engineering departments in
Saudi Arabia, Jordan, Egypt, Vietnam and
India.
ZSI is one of four sector businesses of
Zamil Industrial Investment Company.
About Zamil Industrial Investment Company
Zamil Industrial Investment
Company (ZIIC) was founded in 1998. It is
headquartered in Dammam, Kingdom of Saudi
Arabia, and employs more than 6,800 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 2006, ZIIC
posted turnover of SAR 2.87 billion/USD
764.7 million, a growth of 21% over 2005,
with net profit, after Zakat contribution,
of SAR 191.7 million/USD 51.1 million. Post
Zakat Earnings Per Share during 2006 grew to
SAR 4.26/USD 1.14 from SAR 2.36/USD 0.63
representing 80.2 percent growth.
Shareholders' equity grew by 26.2% to SAR
741.5 million/USD 197.7 million. Export
sales accounted for SAR 1105.6 million/USD
294.8 million representing 39% of total
revenues and 18.4% growth over 2005. ZIIC
exports to more than 80 international
markets.
ZIIC shares are actively traded on the Saudi
Stock Market. More information can be found
at
www.ziic.com .