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Wednesday, November 11 - 2009

Zamil Air Conditioners secures major new projects

  • Saudi Arabia: Wednesday, September 26 - 2007 at 11:15
  • PRESS RELEASE

Zamil Air Conditioners, a sector business of Zamil Industrial and the leading Middle East and international manufacturer of air conditioning systems, has announced that the company has successfully bagged a diverse group of new projects in the educational, commercial and industrial sectors.

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The combined projects value are in excess of SAR 62 million (USD 16.5 million) with sites located in the three major provinces of the Kingdom of Saudi Arabia.

Most notable among many projects in the Western Region of Saudi Arabia is the agreement to provide more than 45 air-cooled screw water chillers, air-cooled condensing units, and air handling systems of various sizes and cooling capacities at multiple project sites of the Rabigh Development Project. Zamil Air Conditioners will also supply a large number of air cooled screw water chillers, packaged rooftop air conditioners, condensing units, fan coil units, and double skin air handling units of various sizes and cooling capacities to the Saline Water Conversion Corporation (SWCC) Shoiaba plants complex.

In the Eastern Region, major upcoming projects for Zamil Air Conditioners include the use of innovative climate control systems to provide a cooling capacity of over 1,000 tons to the Ibn Zahr OCT Project, Al-Khafji Joint Operations Onshore project (KJO), the Khurais Crude Oil project, as well as to a number of buildings owned by the Royal Commission for Jubail and Yanbu.

In related developments, Zamil Air Conditioners has also been awarded new contracts for the supply of Room Air Conditioners and Mini-split units to a number of governmental, commercial and industrial organizations across Saudi Arabia.

"The third quarter of 2007 has been an extremely rewarding period for Zamil Air Conditioners. Over the years, we have invested heavily in product development and in the quality processes of our engineering and production capacities. This has enabled us to manufacture products and provide services that best meet the needs of our diverse customer base — as evidenced by this particular group of projects,"


said Osama Bunyan, Executive Vice President, Zamil Air Conditioners.

As part of its ongoing regional expansion program aimed at the fulfillment of the increasing demand for high-quality air conditioning systems in the region, Zamil Air Conditioners has recently signed several new distributor agreements with a number of HVAC distributors and dealers in Saudi Arabia and other GCC countries. These distributors will take an active role in the promotion, distribution and sales of innovative consumer products in the domestic and regional markets.
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About Zamil Air Conditioners
Zamil Air Conditioners (ZAC) was founded in 1974 as one of the first air conditioning business to be established in Saudi Arabia and today is a leading international manufacturer of air conditioning systems and is Number 1 in the Middle East. It designs, manufactures, tests, markets and services a comprehensive range of air conditioning products, from compact room air conditioners and mini splits to large scale central air conditioners, chillers and air handling units for highly specialized commercial and industrial applications. These products and services are marketed under various brand names - Classic, Cooline, Cool Care, Clima Tech, Kessler Clima Tech and Geoclima - depending on specific markets. ZAC's factories are located in Dammam, Saudi Arabia and Italy.

ZAC is also involved in the production of branded air conditioners for several leading international manufacturers under Original Equipment Manufacturer (OEM) agreements. It operates a joint venture between Zamil Industrial and General Electric, called Middle East Air Conditioners Ltd. (MEAC).

ZAC has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.

ZAC is one of four sector businesses of Zamil Industrial.

About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 7,400 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, Zamil Industrial 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. 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.

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