Apr 16 2007
Zamil Steel officially inaugurated its new factory in Ras Al Khaimah, UAE. The official ceremony was held under the patronage of HH Sheikh Saud bin Saqr Al Qassimi, Crown Prince and Deputy Ruler of Ras Al Khaima, and was attended by Mohammed Al Zamil, Chairman - Zamil Group, Dr. Abdulrahaman Al Zamil, Chairman - Zamil Industrial Investment Company, government dignitaries and officials, major customers and suppliers and numerous ZIIC corporate officers from around the world.
The enormous potential of the UAE market makes the new facility one of the most important steps ZS has taken in its global expansion initiative. The total investment in this new plant is SAR 175 million (USD 46.7 million), split over two phases. While the factory primarily serves the UAE market, it also lends support by supplying the neighboring Gulf countries' rising demand for steel components.
"Our national sales have been rising steadily over the past few years, increasing by more than 40%. Specifically, our pre-engineered steel buildings (PEB) sales have reached their highest point ever, which has allowed us to maintain our grip of the PEB market in the GCC countries. These factors, among others, have encouraged us to continue implementing our global expansion strategy," said Adnan Al-Mansour, President - Zamil Steel.
The first phase of the new facility was completed in the fourth quarter of last year, and small-scale manufacturing started immediately afterwards. The plant is now capable of producing 40,000 metric tons per annum of pre-engineered steel buildings, open web steel joists and floor decking. The second phase of the factory, scheduled to be operational by the end of 2007, will add an additional 12,000 metric tons per year of steel lattice towers.
The new facility is equipped with the latest and most advanced technology available. Complete technical, engineering and administrative departments are also available to meet customer requirements in a comprehensive manner. The new plant has also been integrated into the Zamil Industrial Investment Company's (ZIIC) IT network, streamlining the production and delivery processes of the finest quality steel products.
"ZS RAK mainly serves the UAE market, as well as neighboring Gulf countries. It is a crucial addition to our international network of manufacturing facilities and will help us continue to meet the demands of our customers with the same level of quality and dependability they have come to expect from us," concluded Adnan Al Mansour.