2240 · 27/04/2008 16:15:45 · Announcement #12989 · View on Saudi Exchange

ZAMIL INDUSTRIAL OFFICIALLY INAUGURATES SECOND STEEL FACILITY IN VIETNAM

Zamil Steel officially inaugurated its second factory in Ho Chi Minh City, Vietnam, at the Amata Industrial Park in southern Dong Nai province on Wednesday 23 April 2008.

The official ceremony was held under the patronage of Dr. Abdulrahman Al Zamil, Chairman - Zamil Industrial and the governor of the Dong Nai province.

HE the Saudi ambassador to Thailand Mr. Nabil Ashri, and Mr. Khalid Al Zamil, Managing Director - Zamil Industrial were among the dignitaries, in addition to several government officials and representatives, as well as senior Zamil Steel executives from the companys Saudi Arabia and Vietnam facilities.

The new Vietnam factory boasts a production capacity of 4,500 metric tons a month of pre-engineered buildings and other steel products. Total investment in the new plant is estimated at SAR 75 million (USD 20 million).

This factory will bring the total production of Zamil Steel Vietnam from 50,000 metric tons to 100,000 metric tons of steel buildings annually.

The state of the art facility will also have the capabilities to fabricate two new product lines, Structural Steel and Open Web Joists. These two new lines will provide a wider range of steel building solutions and product options to satisfy ZSVs customers, both in the domestic and export markets.

At the opening ceremony of the new factory, Adnan Al Mansour, President of Zamil Steel Industries, stated: The demand for high-quality pre-engineered steel buildings is growing rapidly, and Zamil Steel Vietnam, being number one manufacturer of PEB, and as part of our strategy to get closer to our customers and meet their demands within the shortest delivery period, this new plant was carefully and strategically positioned for that purpose.

This vital addition to our international network of manufacturing facilities will prove invaluable as we continue to find new and innovative ways and introduce new products to meet the demands of our customers with the same high level of quality and dependability they have come to expect from us, concluded Adnan Al Mansour.

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