ZAMIL STEEL PRE-ENGINEERED BUILDINGS
Design, manufacture and supply of pre-engineered steel buildings

Zamil Industries establishes new steel factory in India

   Tuesday, 24th January 2006

Zamil Steel Industries, a sector business of Zamil Industrial Investment Company, has announced it will establish a new factory in Maharashtra State in Western India, over an area of 90,000 square meters, for the design and production of pre engineered steel buildings.

This initial investment by Zamil Industrial Investment Company, through Zamil Steel India, is estimated at USD 20 million. The completion of this project is scheduled towards the end of 2006, with an annual capacity of 3 million square meters of pre engineered steel buildings.

Pre engineered buildings have many applications. They are used as warehouses, factories, aircraft hangars, commercial centers, offices, recreation centers and showrooms. The most notable advantages of pre engineered steel buildings are the low cost initial investment, the fast construction time, the low maintenance cost, the large clear span interiors, and the easy future expansions.

Mr. Khalid Al Zamil, Managing Director, Zamil Industrial Investment Company, stated: "This initial investment of USD 20 million is part of our investment strategy, as we have successfully completed our recent expansion projects in the Kingdom of Saudi Arabia, Egypt and Vietnam, which proved to be financially viable, with excellent returns. We expect to meet part of the local Indian market needs and requirements. We also believe that our investment in India, considering its remarkable economic growth and potential, promises to be a very rewarding opportunity. This should encourage us to raise our total investment to USD 30 million in the near future and to establish another manufacturing facility in India in the coming years".

Mr. Zamil added: "Our continuous in-house development of the most innovative proprietary technologies and engineering systems, have strengthened our leadership position in this industry. We have supplied over the past three decades, in excess of 40,000 steel buildings to more than 80 countries around the world".