Zamil Glass, a business unit of Zamil Industrial and the prominent processor of architectural glass serving contractors and end users in the Kingdom of Saudi Arabia and the GCC region, is pleased to announce that expansion efforts have resulted in a secured target market share, and the company has initiated the creation of a new automatic/robotic line that will further boost its productivity and enable it to enter and compete in new markets. Several recent purchases and partnership agreements will result in expanded production capacity and the company's ability to offer innovative new products to customers.
Zamil Glass has entered into an agreement with UNI Glass to purchase a new tempering line (UGC-extra), considered the best of its kind available. It will provide optimum quality tempered glass in terms of flatness and distortion, while delivering high throughput and reliability. This machinery has the capability to produce up to 80,000 square meters of tempered glass per month. It operates using an advanced next-generation system, which permits continuous monitoring by the manufacturer from its headquarters in Finland.
The company has also purchased an Insulating Glass line with a robotic sealant system from Lisec. This line implements the latest double glazing technology, and is capable of producing more than 40,000 square meters of double layered glass units per month. This machinery also has the capability to work on any kind of glass or spacer.
Zamil Glass is also currently involved in negotiations regarding the purchase of additional required machinery including arising, washing and spacer bender machines, which use the same software that operates the robotic cutting line to enable simultaneous output.
In related developments, Zamil Glass has entered an exclusive representation partnership with Southwall Technologies. This agreement makes Zamil Glass the sole fabricator of heat mirror glass units in the GCC region.
The company has also signed a strategic partnership agreement with Cabot, the sole producer of Nanogel, to explore the possibilities of this material when combined with glass. Nanogel is heralded as a worldwide technological breakthrough and is considered to be the best insulating material available on the market today.
"We are extremely pleased to announce these strategic purchases and partnerships," says Bader Haddad, General Manager of Zamil Glass. "The use of additional top quality automation equipment will enable us to provide expanded services to our current client base, and to competitively enter new markets. We are also very excited to be working with Southwall Technologies and Cabot to provide and develop innovative new products that are certain to raise the bar in terms of energy efficiency and deliver additional cost effective solutions to our customers."
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About Zamil Glass Industries (www.zamilglass.com)
Zamil Glass Industries (ZGI) was founded in 1983 in Dammam First Industrial City, Kingdom of Saudi Arabia. It is a prominent processor of architectural glass, including tempered, heat strengthened, laminated, insulating, heat mirror high performance and fire resistant glass. ZGI's products serve the requirements of the construction industry in GCC countries and in selected international markets.
ZGI is one of four sector businesses of Zamil Industrial.
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 7,400 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).
For the year ended 31 December 2006, Zamil Industrial posted turnover of SAR 2.87 billion/USD 764.7 million, a growth of 21% over 2005, with net profit, after Zakat contribution, of SAR 191.7 million/USD 51.1 million. Post Zakat Earnings Per Share during 2006 grew to SAR 4.26/USD 1.14 from SAR 2.36/USD 0.63 representing 80.2 percent growth. Shareholders' equity grew by 26.2% to SAR 741.5 million/USD 197.7 million. Export sales accounted for SAR 1105.6 million/USD 294.8 million representing 39% of total revenues and 18.4% growth over 2005. Zamil Industrial exports to more than 80 international markets.
Zamil Industrial shares are actively traded on the Saudi Stock Market. More information can be found at www.zamilindustrial.com.
For more information on this press release, contact Said Al-Daajani, Zamil Industrial Investment Company, Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574, or e-mail: saidaldaajani@ziic.com
Issued on behalf of Zamil Industrial Investment Company by Hill & Knowlton. For more information contact
Sami Amin
Tel: +973 17 533532,
Fax: +973 17 533370,
e-mail: sami.amin@hillandknowlton.com
© Press Release 2007
