29 June 2009
Armacell Zamil Middle East Company Ltd (AZMEC) announced that its new factory in Dammam, Saudi Arabia has recently begun commercial production of technical rubber insulation materials. The products will be marketed to the public and private sectors in Saudi Arabia, the Gulf and other Middle East customers through sole distributors and direct contracts. The new factory progressed from planning to production in less than a year's time, according to the company statement.
Abdulla M. Al Zamil, Chief Operating Officer of Zamil Industrial said, "The launch of production demonstrates our commitment to serving our home market with technologically advanced insulation products that are globally acclaimed for high quality and unmatched performance." He indicated that the new factory would play a key role in developing construction and building materials on both a regional and global basis and represent a significant expansion of Zamil Industrial's insulation manufacturing capabilities.
AZMEC is the result of a strategic partnership that was announced in April 2008 between Zamil Industrial Investment Company "Zamil Industrial" and Armacell International Holding GmbH of Germany, the world leader of flexible technical insulation materials - including industrial insulators of the world famous "ARMAFLEX" brand.
Mark Harakal, CEO of Armacell International Holding GmbH stated: "With our joint venture in Dammam, Saudi Arabia, we are the first globally active manufacturer of flexible insulation materials to commit itself to the Gulf region by setting up its own production facilities here. Our insulation products protect air-conditioning equipment against condensation and reduce energy losses. In this way we conserve limited supplies of fossil fuels and protect our environment at the same time."
The new factory combines the industrial expertise and resources of both companies under a single corporate umbrella, and ensures the innovation and constant supply of quality flexible technical insulation materials to expanding markets across the Middle East and North Africa.
"Our marketing priorities with regard to the new product take into consideration the trends of the local marketplace, the elements of competition between local and international manufacturers, and the demands of various segments in the region," Al Zamil added.
- Ends -
About Zamil Industrial
Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment Company (Zamil Industrial) is a leading manufacturing and fabrication group that provides products, engineering systems and services for the construction industry. Its product portfolio includes pre-engineered steel buildings (PEB), structural steel products, air conditioning systems, air cooled heat exchangers, district cooling and utility services, process equipment, transmission and telecom towers, open web joists and steel decks, aerated and precast concrete products, architectural glass processing, fiberglass insulation and engineered plastic foams solutions.
The company sells its products in more than 60 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, Austria, India, Vietnam and Italy.
Zamil Industrial employs more than 10,000 people in 55 countries and derives 34% of its revenues from outside Saudi Arabia.
Zamil Industrial shares are actively traded on the Saudi Stock Exchange (Tadawul). More information can be found at www.zamilindustrial.com.
- Ends -
For more information on this press release, contact:
Said Al Daajani
Zamil Industrial
Corporate Communications
Tel: (966) 3 8108180
Fax: (966) 3 8108190
E-mail: saidaldaajani@zamilindustrial.com
Armacell Zamil Middle East Company Ltd (AZMEC) announced that its new factory in Dammam, Saudi Arabia has recently begun commercial production of technical rubber insulation materials. The products will be marketed to the public and private sectors in Saudi Arabia, the Gulf and other Middle East customers through sole distributors and direct contracts. The new factory progressed from planning to production in less than a year's time, according to the company statement.
Abdulla M. Al Zamil, Chief Operating Officer of Zamil Industrial said, "The launch of production demonstrates our commitment to serving our home market with technologically advanced insulation products that are globally acclaimed for high quality and unmatched performance." He indicated that the new factory would play a key role in developing construction and building materials on both a regional and global basis and represent a significant expansion of Zamil Industrial's insulation manufacturing capabilities.
AZMEC is the result of a strategic partnership that was announced in April 2008 between Zamil Industrial Investment Company "Zamil Industrial" and Armacell International Holding GmbH of Germany, the world leader of flexible technical insulation materials - including industrial insulators of the world famous "ARMAFLEX" brand.
Mark Harakal, CEO of Armacell International Holding GmbH stated: "With our joint venture in Dammam, Saudi Arabia, we are the first globally active manufacturer of flexible insulation materials to commit itself to the Gulf region by setting up its own production facilities here. Our insulation products protect air-conditioning equipment against condensation and reduce energy losses. In this way we conserve limited supplies of fossil fuels and protect our environment at the same time."
The new factory combines the industrial expertise and resources of both companies under a single corporate umbrella, and ensures the innovation and constant supply of quality flexible technical insulation materials to expanding markets across the Middle East and North Africa.
"Our marketing priorities with regard to the new product take into consideration the trends of the local marketplace, the elements of competition between local and international manufacturers, and the demands of various segments in the region," Al Zamil added.
- Ends -
About Zamil Industrial
Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment Company (Zamil Industrial) is a leading manufacturing and fabrication group that provides products, engineering systems and services for the construction industry. Its product portfolio includes pre-engineered steel buildings (PEB), structural steel products, air conditioning systems, air cooled heat exchangers, district cooling and utility services, process equipment, transmission and telecom towers, open web joists and steel decks, aerated and precast concrete products, architectural glass processing, fiberglass insulation and engineered plastic foams solutions.
The company sells its products in more than 60 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, Austria, India, Vietnam and Italy.
Zamil Industrial employs more than 10,000 people in 55 countries and derives 34% of its revenues from outside Saudi Arabia.
Zamil Industrial shares are actively traded on the Saudi Stock Exchange (Tadawul). More information can be found at www.zamilindustrial.com.
- Ends -
For more information on this press release, contact:
Said Al Daajani
Zamil Industrial
Corporate Communications
Tel: (966) 3 8108180
Fax: (966) 3 8108190
E-mail: saidaldaajani@zamilindustrial.com
© Press Release 2009
