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

Zamil Steel awarded SAR 34 million (USD$ 9.2 million) structural steel contract to Kuwait Oil Company

   Wednesday, 15th March 2006

Zamil Steel Structural Steel Business Unit, a unit of Zamil Industrial Investment Company (ZIIC) and the Middle East's premier supplier of structural steel products and process equipment, has been awarded a contract valued at SAR 34 million / USD 9.2 million to supply fabricated structural steel products and process equipment for Kuwait Oil Company's OL2K Ethylene Project (Olefins 2 Kuwait).

Zamil Steel's Structural Steel Business Unit will manufacture and supply pipe racks and large pressure vessels as a subcontractor to Technip of Italy, the main contractor for the project.

"Production is scheduled to begin imminently and delivery of structural steel and process equipment works is expected to be completed between the end of the year and the first quarter of 2007," said Ayman Kanaan, General Manager, Structural Steel Business Unit, Zamil Steel. "Our cooperation with Technip in this project, follows numerous major undertakings over the years with this leader, is indicative of our commitment, workmanship and reliability."

"Zamil Steel prides itself on the fact that our process equipment manufacturing facilities are one of only few such facilities in the region which are approved by the American Society of Mechanical Engineers (ASME) for fabricating highly complex process equipment and our certifications and code stamps have also been recently renewed," he added.

Zamil Steel is a sector business of Zamil Industrial Investment Company (ZIIC). ZIIC has made considerable investments in Zamil Steel's manufacturing facilities and in the continual development of its products and the upgrading of its proprietary engineering systems and capabilities.

"Zamil Steel is expanding again to meet increased global demand for innovative building solutions. We have started construction of a brand new facility in the Gulf, while work is well underway on another plant in Ho Chi Minh City in Vietnam, to consolidate our leading position is South East Asia", added Adnan Al Mansour, Executive Vice President, Zamil Steel.