Zamil Air Conditioners to provide HVAC equipment in recent contract
As part of a total solution offering Zamil Air Conditioners (ZAC) has secured a SR 11 million contract from Fawaz Al Hokair and Partners Company to supply HVAC equipment for its Aziz Mall project in Jeddah, Saudi Arabia. This recent award complements earlier steel buildings supplied by Zamil Steel and brings the total overall project value to date by both businesses to SR 58 million (USD 15.5 million).
The contract awarded to ZAC, the leading Middle East and international manufacturer of air conditioning systems, is for the supply and installation of 11 'ARX500' chillers with a total cooling capacity of 5,500 tons and 612 air-handling units of varying sizes and capacities.
ZAC's involvement in this project is part of Zamil Industrial Investment Company's 'Total Building Solution' offering. It complements the supply of pre-engineered steel buildings by Zamil Steel, and the supply of open web joists and floor decks by Canam Asia Limited, ZIIC's joint venture.
"This project demonstrates the total building solutions capabilities offered by ZIIC businesses. It also underscores our commitment in meeting stringent product quality and performance specifications and our ability to deliver on fast track projects. In short, our proposition promotes a strategic 'win-win' partnership arrangement with our clients," said Ajlan A. Al Ajlan, General Manager, ZIIC, Riyadh.
In addition to the Aziz Mall undertaking, Al Hokair Company also awarded earlier projects to ZIIC sector businesses for its Khurais Plaza Shopping Mall and Al Salam Mall in Riyadh and for its Mall of Dhahran retail and leisure complex in the Eastern Province of Saudi Arabia.
-Ends-
Zamil Air Conditioners (www.zamilac.com)
Zamil Air Conditioners (ZAC) was founded in 1974 as one of the first air conditioning business to be established in Saudi Arabia and today is a leading international manufacturer of air conditioning systems and is Number 1 in the Middle East. It designs, manufactures, tests, markets and services a comprehensive range of air conditioning products, from compact room air conditioners and mini splits to large scale central air conditioners, chillers and air handling units for highly specialised commercial and industrial applications. These are marketed under various brand names - Classic, Cooline, Cool Care, Clima Tech, Kessler Clima Tech and Geoclima - depending on specific markets. ZAC's factories are located in Dammam, Saudi Arabia, Austria and Italy.
ZAC is also involved in the production of branded air conditioners for several leading international manufacturers under an Original Equipment Manufacturer (OEM) agreement. It operates a joint venture between Zamil Industrial Investment Company (ZIIC) and General Electric, called Middle East Air Conditioners Ltd. (MEAC). As a result of excellent production facilities at ZAC, a range of GE-branded air conditioning consumer products are produced for Saudi Arabia and other Gulf countries. ZAC has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.
ZAC is one of three sector businesses of Zamil Industrial Investment Company.
About Zamil Steel Industries (www.zamilsteel.com)Founded in 1977, Zamil Steel Industries (ZSI) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of steel structures, pipe racks and process equipments, transmission and telecommunications towers, open web steel joists and floor deckings. Products are marketed in more than 70 countries through a network of 50 sales offices, 59 certified builders and 27 agents and distributors. ZSI's main factories are located in Dammam First and Second Industrial Cities, with additional factories located in Egypt and Vietnam. More than 400 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
ZSI is one of three sector businesses of Zamil Industrial Investment Company.
About Zamil Industrial Investment Company
Zamil Industrial Investment Company (ZIIC) was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs 5,000 people in 50 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, transmission towers, open web joists and decks, and architectural glass processing solutions to meet the requirements of the global construction industry through its three sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com) and Zamil Glass Industries (www.zamilglass.com).
ZIIC exports to more than 75 international markets and derives 45% of its revenues from outside Saudi Arabia. For the year ended 31 December 2004, ZIIC posted turnover of SAR 1.97 billion (USD 524.5 million), a growth of 26% over 2003. Post Zakat earnings per share also grew by 40% to SAR 10 (USD 2.67), up from SAR 7.17 (USD 1.91) during the same period in 2003.
ZIIC shares are actively traded on the Saudi Equity Market. More information can be found at www.ziic.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 on
Tel: +973 17 533532,
Fax: +973 17 533370, or
e-mail: sami@hillandknowlton.com.bh
© Press Release 2005
