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SABIC awards Zamil Air Conditioners as outstanding supplier
- Saudi Arabia: Wednesday, April 21 - 2004 at 08:54
- PRESS RELEASE
Petrochemical giant, Saudi Basic Industries Corporation (SABIC) has recognized Zamil Air Conditioners (ZAC) as an outstanding supplier in 2003.
The award was conferred upon ZAC as a recognized contractor to SABIC for its performance efficiency over the past year, for its consistently high customer service levels and for its timely response to SABIC's varied needs. The selection of ZAC as a contender for the award was based on recommendations from SABIC affiliates, including Hadeed, Petrokemya, Ibn Zahr and Ibn Sina. In total, 48 companies from around the world received awards, eight of which were feted for their work in the customer services sector.
"We are greatly honored to receive this significant award as it endorses our customer value proposition, the tenets of which have been largely responsible for our ability to achieve the position of a leading international manufacturer of air conditioning systems and a Middle East leader. That SABIC has bestowed this award upon ZAC is further testimony to our commitment to adhering to stringent - and consistent - quality standards across the board and to the ongoing quest to deliver exceptional customer services," said Mr Al Zamil.
ZAC serves its customers with dedication and professionalism and has allowed the company to command and retain its leadership positioning in an increasingly competitive environment. This has been largely facilitated by the central role played by ZIIC in setting forth the vision and strategic path as well as the support it provides to ZAC and the company's other sector businesses.
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About Zamil Air ConditionersZamil 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, which range 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 are marketed under various brand names - Classic, Cooline, Cool Care, Clima Tech, Kessler Tech and Geoclima - depending on specific markets.
ZAC is also involved in the production of branded air conditioners for several leading international manufacturers under an Original Equipment Manufacturer (OEM) agreement. It operates a joint venture between Zamil Industrial Investment Company (ZIIC) and General Electric, called Middle East Air Conditioners Ltd. (MEAC). As a result of excellent production facilities at ZAC, a range of GE-branded air conditioning consumer products are produced for Saudi Arabia and other Gulf countries. ZAC has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.
ZAC is one of three 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 5,000 people in 50 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, transmission towers, open web joists and decks, and architectural glass processing solutions to meet the requirements of the global construction industry through its three sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com) and Zamil Glass Industries (www.zamilglass.com).
ZIIC exports to more than 75 markets and derives 50% of revenues from outside Saudi Arabia. For the year ended 31 December 2003, ZIIC posted turnover of SAR 1.55 billion (US$ 414.2m), a growth of 11% over 2002. Post Zakat earnings per share also grew by 11% to SAR 8.39 ($2.24), up from SAR 7.56 ($2.02) during the same period in 2002. ZIIC's shares have been actively traded on the Saudi Equity Market since early 2002. 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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