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Monday, November 30 - 2009

Armacell Zamil Middle East Company inaugurates new manufacturing facility at Dammam, Saudi Arabia

  • Saudi Arabia: Sunday, December 14 - 2008 at 16:30
  • PRESS RELEASE

Armacell Zamil Middle East Company Limited announced the launch of its new manufacturing facility at an inaugural ceremony held on Sunday, December 14th, 2008 at the Ballroom of the Movenpick Hotel, Al Khobar.

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  • Armacell Zamil Middle East Company inaugurates new manufacturing facility at Dammam, Saudi Arabia.
    Armacell Zamil Middle East Company inaugurates new manufacturing facility at Dammam, Saudi Arabia.
The company is the result of a joint venture between Zamil Industrial, a leading regional and international manufacturing and fabrication group, and Armacell International Holding GmbH - a world leader in the manufacture of flexible technical insulation products - including Engineered Foams that bear its widely recognized leading brand, ARMAFLEX.

Event highlights included presentations and speeches made by both Saudi and German dignitaries as well as top executives from both companies who attended the ceremonies held to mark this illustrious occasion. Also in attendance and eager to participate were executives from many major regional industrial, construction, and contracting companies.

The focus of the gathering was the launch of the company's new manufacturing facility, located in Dammam, Saudi Arabia. The new, state of the art factory is expected to become a regional leader, as it demonstrates the result of the combined experience and resources of both companies, united in strategic partnership in a dedicated effort to manufacture and market technologically advanced rubber insulation products in the Middle East and North Africa region.

"As we launch this new facility in partnership with Armacell, our new company demonstrates its commitment to serving our home market with technologically advanced insulation products that are globally acclaimed for high quality and high performance. We look forward to providing the highest quality materials for local and regional construction and renovation projects for many years to come,"
said Abdulla Al Zamil, Chief Operating Officer, Zamil Industrial, at the opening ceremonies.

Mr. Ulrich Weimer, President and CEO of Armacell commented, "Our recent joint venture with Zamil Industrial has produced the marvelous facility that we are here to inaugurate today. We are confident that it will play a key role in the development of a solid manufacturing base for technologically innovative building materials and products to be used across the region and around the world."
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Notes and media contacts

About Armacell Zamil Middle East Co. Ltd:
Armacell Zamil is a joint venture formed in April 2008 between Armacell, a Muenster, Germany Company, a global leader in the manufacture of engineered foams and flexible technical insulation materials, and Zamil Industrial, an international fabrication group headquartered in Dammam, Saudi Arabia.

Armacell Zamil produces engineered plastic foams and related accessories and sundries at its manufacturing facility, located in Dammam, Saudi Arabia. This joint venture marks a major investment and commitment by the two partners to serve the growing building and construction industry in the GCC and Middle Eastern markets with technologically advanced insulation products that are globally acclaimed for high quality and high performance.

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, Zamil Steel Industries, Zamil Glass Industries and Arabian Fiberglass Insulation Co. Ltd.

For the year ended 31 December 2007, Zamil Industrial posted turnover of SR3.681bn, a growth of 28.4% over 2006, with net profit, after Zakat contribution, of SR206.5m. Post Zakat Earnings Per Share during 2007 grew to SR4.59 from SR4.26 representing 7.8% growth. Shareholders' equity grew by 20.3% to SR894.3m. Export sales accounted for SR1,337m representing 36% of total revenue and 20.4% growth over 2006. Zamil Industrial exports to more than 80 international markets.


For more information, please contact:
Said Al Daajani
Zamil Industrial
Corporate Communications
Tel: (966) 3 8108181
Fax: (966) 3 8108190

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