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Saturday, November 28 - 2009

Zamil Steel to build Asia's largest steel building for Singapore's Aviation Exhibition Center

  • Saudi Arabia: Sunday, November 05 - 2006 at 11:09
  • PRESS RELEASE

Zamil Steel has won a contract to manufacture Asia's largest Pre-Engineered Steel Building for Singapore's new Aviation Exhibition Center for a total value of SAR 22.5 million (USD 6 million).

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  • An artist's impression of Singapore's new Aviation Exhibition Center.
    An artist's impression of Singapore's new Aviation Exhibition Center.
The project was secured by Zamil Steel Vietnam and will be completed, exported and assembled in an eight month timeframe in order to host the Singapore International Air Show 2008.

According to Adnan A. Al Mansour, Executive Vice President, Zamil Steel, this project demonstrates the trust in our brand and the confidence in the ability of Zamil Steel Vietnam to undertake large-scale projects, which in this case will serve Asia's largest annual aerospace and defense event. It also represents one of the largest projects to date for the company's factory in the South East Asian country.

"This export contract is a clear endorsement of our engineering and manufacturing capabilities and underscores the high regard for Zamil Steel Vietnam in its ability to provide tailored solutions within stringent deadlines and in line with specific safety and functionality requirements,"


he said.

Boasting a 72 meter clear span, the scope of work includes engineering, fabrication, delivery and installation. It will also feature Zamil Steel's ultimate MaxSEAM roofing system - which through a 74-meter long non-overlapping single high-rib panel - will ensure complete waterproofing of the colossal structure.

Zamil Steel Vietnam is also using the latest international design codes and is also providing the client with cost benefits resulting from an economy of scale associated with advanced and efficient production facilities.

The Singapore Aviation Exhibition Center will be built on a 40,000 square meter site in Singapore's Changi East site and is estimated to cost around SAR 150 million (USD 40 million). The completed complex will comprise a purpose-built exhibition hall, adjoining apron space for static aircraft displays, a demonstration site with a natural terrain setting, chalets and other facilities.

Zamil Steel Vietnam is supported by a network of 17 Asian offices as well as by Zamil Steel's factories, facilities and capabilities in Saudi Arabia, Egypt and China. With current export business accounting for 45% of overall production, its pre-engineered steel buildings are used in numerous industrial, commercial, recreational and multi-purpose applications, including factories, exhibition halls, shopping centers, sport complexes and aircraft hangars.

Recently, the first made-in-Vietnam steel building was exported to Japan, a market that requires a very high standard of product quality. During this year, Zamil Steel Vietnam manufactured and exported more than 17,000 tons of steel buildings across Asia, a 20% growth compared to the same period of the last year.

Zamil Steel Vietnam is also the recipient of the Export Award from Vietnam's Ministry of Trade for export excellence and product quality prestige and Vietnam's Best-known Trademark Award from Vietnam's Intellectual Proprietary Association.
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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, to design and fabricate open web steel joists and floor 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 and Vietnam. More than 500 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 6,500 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 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).

During the first nine months of 2006 net profit after Zakat contributions were SAR 154.7 million/USD 41.3 million, an increase of 76% over the same period in 2005. Total turnover was SAR 2.11 billion/USD 563.6 million, representing a 15.2% growth. Shareholders' Equity also increased by 24.3% to SAR 709.4 million/USD 189.2 million. While Post Zakat Earnings Per Share as at end of September 2006 grew to SAR 3.44/USD 0.92. Total exports amounted to SAR 778.1 million/USD 207.5 million, representing 37% of turnover.

For the year ended 31 December 2005, ZIIC posted turnover of SAR 2.4 billion/USD 631.9 million, a growth of 20.5% over 2004, with net profit, after Zakat contribution, of SAR 106.4 million/USD 28.4 million. Post Zakat Earnings Per Share also grew by 51.6% to SAR 15.19/USD 4.05, up from SAR 10.02/USD 2.67 during the same period in 2004. Shareholders' equity grew by 18.7% to SAR 587.5 million/USD 156.7 million. Export sales accounted for SAR 934 million/USD 249 million representing 39% of total revenues and 5% growth over 2004. 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.

For more information on this press release, contact Said Al-Daajani, Zamil Industrial Investment Company, Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574

Issued on behalf of Zamil Industrial Investment Company by Hill & Knowlton. For more information contact Jamil Alsharif on Tel: +973 17 533532, Fax: +973 17 533370

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