![Page 1: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/1.jpg)
Evolving,as a Matter of Course…
January 2011
![Page 2: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/2.jpg)
Zamil Industrial | Outlook
Excerpts from the Experts:
“Zamil Industrial (2240.SE, SAR32.3, Overweight), with facilities to build prefabricated steel structures, could benefit here, as well supplying the air conditioning equipment to hotels that are built in later this decade.”
– HSBC Report on Qatar World Cup Bid 2022 (Dec. 2010)
Zamil Industrial is well positioned to capture a considerable
market share of local and regional ambitious infrastructure
projects and expansions through a balanced business
portfolio.
2
![Page 3: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/3.jpg)
Zamil Industrial | Outlook
Facts and Opportunities:
• Short Term: Saudi Arabia and Qatar booming
economies with announced expenditures of USD 400
billion and USD 100 billion respectively.
• Medium Term: Iraq is a sleeping giant. We have
been active through Jordan and Dubai offices.
• Emerging Markets: Operations exist in Egypt,
Vietnam since 1999 and India since 2008.
3
![Page 4: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/4.jpg)
Zamil Industrial | Strengths
Competitive Advantages:
• Ranked 1st as the “Most Influential Construction
Supplier in the GCC” by Construction Week.
• Considered as the only “Total Building Solutions
Provider” in the Saudi Market.
• A “One Stop Shop” for any industrial, commercial
project requirement.
• All Joint Ventures are in association with the
“Number One” Global Leaders in their industry.
4
![Page 5: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/5.jpg)
Zamil Industrial | Strengths
360o
Relationship Network:
5
![Page 6: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/6.jpg)
Zamil Industrial operates through five major sectors – Steel, HVAC, Glass,
Insulation Materials, and Concrete - in addition to its other businesses.
Zamil Industrial | Operations
6
6
![Page 7: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/7.jpg)
Zamil Industrial | Total Solution
Steel
Structures
Air
Conditioning
Glass
Insulation
Concrete
7
![Page 8: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/8.jpg)
Zamil Industrial | Total Solution
Concrete
Insulation
Steel
Structures
Glass
Air
Conditioning
8
![Page 9: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/9.jpg)
Zamil Industrial | Five-Year Consolidated Performance Highlights
Key Financial Data 2005 2006 2007 2008 2009 2010(unaudited)
REVENUES
SAR 000s
% Increase / (Decrease)
2,369,493
20.5%
2,867,594
21%
3,681,260
28.4%
4,549,602
23.6%
4,204,412
(7.6%)
4,016,532
(4.5%)
EBITDA
SAR 000s229,916 356,899 405,648 495,571 485,990 440,275
NET PROFIT
SAR 000s
% Increase
106,362
51.6%
191,647
80.2%
206,500
7.8%
225,136
9.0%
230,150
2.2%
211,134
(8.3%)
EARNINGS PER SHARE
SAR
% Increase
1.77
51.6%
3.19
80.2%
3.44
7.8%
3.75
9.0%
3.84
2.2%
3.52
(8.3%)
SHAREHOLDERS EQUITY
SAR 000s
% Increase
587,515
18.7%
741,496
26.2%
892,282
20.3%
1,028,259
15.2%
1,195,471
16.3%
1,295,082
8.3%
EXPORT SALES
SAR 000s
% of Revenues
933,887
39.4%
1,105,628
38.6%
1,337,109
36.3%
1,520,869
33.4%
1,111,474
26.9%
1,083,249
27%
9
![Page 10: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/10.jpg)
14.0
45.3 50.2
70.2
106.3
191.7206.5
225.1230.1211.1
0
50
100
150
200
250
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Zamil Industrial | 10-Year Consolidated Results Highlights
1.241.41
1.56
1.97
2.37
2.88
3.68
4.55
4.204.02
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.002001
2002
2003
2004
2005
2006
2007
2008
2009
2010
SA
R B
illi
on
SA
R M
illi
on
0.38 0.42 0.430.49
0.58
0.74
0.89
1.02
1.191.29
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Revenues
Shareholders’ Equity Net Profits
SA
R B
illi
on
0.23
0.76 0.841.17
1.77
3.193.44
3.75 3.843.52
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
SA
R P
er
Sh
are
Earnings Per Share
CAGR = 13.9% CAGR = 35.1%
CAGR = 14.4%CAGR = 35.1%
10
![Page 11: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/11.jpg)
Zamil Industrial | Financial Highlights
Asset Base Track
Record in 10 Years
(Assets Employed)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
0.50
0.48
0.53
0.56
0.62
0.73
0.95
1.10
2.21
2.22
2.16
SAR Billion
CAPEX Investment
in 5 Years
SAR Million
2005
2006
2007
2008
2009
2010
72.0
120.5
335.9
299.0
180.2
120.4
11
![Page 12: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/12.jpg)
Zamil Industrial | Financial Highlights
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2005 2006 2007 2008 2009 2010
Sectorwise Revenues (SAR Million)
HVAC Steel Glass/Fiberglass
229.9
356.9
405.7
495.6 486440.3
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010
Consolidated EBITDA (SAR Million)
-50
0
50
100
150
200
250
300
350
400
2005 2006 2007 2008 2009 2010
Sectorwise Operating Income (SAR Million)
HVAC Steel Glass/Fiberglass
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2005 2006 2007 2008 2009 2010
Geographical Sales (SAR Million)
Saudi Asia Europe Africa 12
![Page 13: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/13.jpg)
Zamil Industrial | Production Capacities of ZI Sectors
Sector Installed Capactity Expansion
STEEL
(Metric Tons)
Pre Engineered Buildings Global: 324,000
Structural Steel Division: 60,000
Towers & Galvanizing: 70,000
Process Equipment Division: 20,000
Building Components: 30,000
-
HVAC
(Units/Systems)
Window ACs: 1 million
Mini-splits : 200,000
Central ACs: 30,000
-
GLASS
(Square Meters)
Laminated & Hardened Glass: 525,000
Heat Mirror Glass: 1,140,000-
INSULATIONArabian Fiberglass Insulation Co.: 15,000 tons
Armacell Zamil Middle East Co.: 220,000 sqm
AFICO: 20,000 tons
-
CONCRETESaudi Aerated Concrete Industries Co: 180,000 cubic meters
RANCO Zamil: 120,000 cubic meters-
13
![Page 14: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/14.jpg)
General Information
![Page 15: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/15.jpg)
Zamil Industrial | Overview
1 Founded in 1998 and
headquartered in
Dammam, Saudi Arabia
A leading manufacturing
and fabrication group that
provides products,
engineering systems and
services to the construction
industry
ScandinaviaZamil Industrial was formed in
1998 in Dammam, Saudi Arabia
as a Closed Joint Stock Company
by bringing Zamil Air
Conditioners, Zamil Steel and
Zamil Glass – who were
operating since the 1970s - under
one industrial company.
A leading manufacturing and
fabrication group that provides
building materials and products,
engineering systems and
services to the construction and
oil & gas industries.
Zamil Industrial shares are
actively traded on the Saudi
Stock Exchange (Tadawul) since
2002.
Zamil Industrial Investment Co.
15
![Page 16: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/16.jpg)
Company Facts
Zamil Industrial
currently employs more than 10,000
people in 55 countries
The company derives 30% of its
revenues from outside
Saudi Arabia.
Sells products to
over 90 countries
Has manufacturing
facilities in Saudi
Arabia, United Arab
Emirates, Egypt, India,
Vietnam and Italy.
2010 Turnover: SAR 4.02 billion
Global Operations: SAR 1.6 billion (39% of Sales)
Shareholders’ Equity: SAR 1.3 billion
Current Paid Up Capital*: SAR 600 million
* The company paid up capital was increased from SAR 450 M to SAR 600 M in 31 March 2010.
- USD 1 = SAR 3.75 16
![Page 17: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/17.jpg)
Steel Sector
![Page 18: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/18.jpg)
Zamil Industrial | Steel Sector
A global leader in the manufacture of pre-engineered steel buildings and the premier
supplier in the Middle East of various steel products
Number of Employees: More than 6,000 people worldwide
Activities: Engineering, manufacturing, product research and development, sales, erection
and project management
Products: Pre-engineered steel buildings, structural steel support products, high rise
buildings, process equipment (pressure vessels and boilers), transmission and
telecommunication towers, open web joists and steel decks
Location: Zamil Steel has (9) nine factories located in Saudi Arabia, Egypt, Vietnam, India
and the UAE
Markets: Sales in over 90 countries in MENA, Asia, Africa, Eastern & Central Europe,
South-Western Pacific and Central America
Zamil Steel Industries
18
![Page 19: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/19.jpg)
Zamil Industrial | Steel Sector
A joint venture with Steel Plus Limited, a subsidiary of Canam Group, Canada
Ownership: 65%
Activities: Engineering, manufacturing, sales and erection
Products: Open web joists, steel decks and joists, Hambro Floor System, and structural
steel components
Location: Saudi Arabia and the UAE
Markets: MENA, Asia, Africa, and Eastern & Central Europe
Canam Asia Ltd.
19
![Page 20: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/20.jpg)
Zamil Industrial | Steel Sector
A joint venture with Petro-Chem Development Company, USA
Ownership: 50%
Activities: Engineering, manufacturing, sales and service
Products: Fired Heaters / Process Furnaces
Location: Dammam, Saudi Arabia
Markets: GCC, MENA
Petro-Chem Zamil Co. Ltd.
20
![Page 21: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/21.jpg)
HVAC Sector
![Page 22: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/22.jpg)
Zamil Industrial | HVAC Sector
Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company
has expanded over the past three decades to become a leading international manufacturer of
air conditioning systems and is currently the Number One producer in the Middle East.
Number of Employees: More than 3,300 people worldwide
Activities: Design, manufacturing, research & development, sales, service and
maintenance (Zamil CoolCare), testing, inspection and balancing (Ikhtebar)
Products: Room air conditioners, mini-splits, fan coil units, central air conditioners,
packaged units, chillers, air handling units and air cooled heat exchangers
Location: Saudi Arabia, Italy and India
Markets: Sales in over 55 countries in MENA, Asia, Africa, Europe, USA and Australia
Zamil Air Conditioners
22
![Page 23: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/23.jpg)
Zamil Industrial | HVAC Sector
A joint venture with General Electric to produce GE brand air conditioners
Ownership: 51%
Activities: Design, manufacturing, research & development, sales and service
Products: Room air conditioners, mini-splits, ducted splits
Location: Dammam, Saudi Arabia
Markets: GCC
Middle East Air Conditioners Co. Ltd.
23
![Page 24: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/24.jpg)
Zamil Industrial | HVAC Sector
A joint venture with Hudson Products Corporation , USA
Ownership: 50%
Activities: Manufacturing, assemble, sales and service
Products: Air Cooled Heat Exchangers
Location: Dammam, Saudi Arabia
Markets: GCC, MENA
Zamil Hudson Co. Ltd.
24
![Page 25: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/25.jpg)
Zamil Industrial | HVAC Sector
A joint venture with Advantec Coils Private Limited of India
Ownership: 30%
Activities: Design, manufacturing, sales and service
Products: Room air conditioners and Mini split systems
Location: India
Markets: India
Zamil Advantec Coils Ltd.
25
![Page 26: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/26.jpg)
Glass Sector
![Page 27: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/27.jpg)
Zamil Industrial | Glass Sector
Founded in 1983 in Dammam, Saudi Arabia. It is a prominent processor of architectural
glass products
Number of Employees: 130 people
Activities: Engineering, processing, sales and installation
Products: Laminated and tempered glass, Heat Mirrors®, frameless glass, double glazed,
fire resistant glass, security glass
Location: Dammam, Saudi Arabia
Markets: GCC
Zamil Glass Industries
27
![Page 28: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/28.jpg)
Insulation Sector
![Page 29: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/29.jpg)
Zamil Industrial | Insulation Sector
A joint venture with Owens Corning , USA
The factory underwent a major expansion in 2008 (SAR 60 million) to increase its
production capacity by 50%
Ownership: 51%
Activities: Manufacture, development, sale, supply and installation
Products:
• Mechanical: duct liner, faced duct wrap insulation, heavy density pipe insulation,
quiet liner, thermal insulating wool insulation and mechanical boards.
• Architectural: residential cavity wall insulation, blanket insulation, acoustical ceiling
panels, metal building insulation, board and roof deck board insulation
Location: Dammam, Saudi Arabia
Markets: Sales in over 20 countries in GCC, MENA, Asia and Far East
Arabian Fiberglass Insulation Co. Ltd.
29
![Page 30: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/30.jpg)
Zamil Industrial | Insulation Sector
A joint venture with Armacell of Germany
Ownership: 49%
Activities: Manufacture, development, sale, supply and installation
Products: Technical rubber insulation products including engineered foams; Armaflex® and
Armasound
Location: Dammam, Saudi Arabia
Markets: GCC, MENA
Armacell Zamil Middle East Co. Ltd.
30
![Page 31: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/31.jpg)
Concrete Sector
![Page 32: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/32.jpg)
Zamil Industrial | Concrete Sector
A joint venture with RANCO Precast, a subsidiary of Rabiah & Nassar Group
Ownership: 50%
Activities: Design, manufacture, sale, supply and erection
Products: Precast concrete buildings, concrete based products
Location: Riyadh, Saudi Arabia
Markets: GCC
Rabiah & Nassar and Al Zamil Concrete Industries Company Ltd.
32
![Page 33: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/33.jpg)
Zamil Industrial | Concrete Sector
A joint venture with Zamil Group Holding Company and Aerated Concrete Industries
Company KSC of Kuwait
Ownership: 27.5%
Activities: Design, manufacture, sale, supply and erection
Products: Heavy duty, light weight building units of reinforced and non-reinforced concrete
with the most advanced autoclaves
Location: Jubail, Saudi Arabia
Markets: GCC
Saudi Aerated Concrete Industries Co. Ltd
33
![Page 34: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/34.jpg)
Other Businesses
![Page 35: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/35.jpg)
Zamil Industrial | Other Businesses
A joint venture with New Delhi Tele-Towers Private Ltd.
Ownership: 51%
Activities: Supply of telecom towers, accompanying shelters fitted with the appropriate
sandwich panels, customized air conditioning equipment and power interface units. Supply a
range of related support products along with comprehensive installation and maintenance
services
Location: New Delhi, India
Markets: India, Asia, Far East and Africa
Zamil New Delhi Infrastructure Private Ltd.
35
![Page 36: Evolving, as a Matter of Course… - Zamil Industrial · 2011-02-01 · Founded in 1974 as a pioneer in the Saudi Arabian air conditioning industry, the company has expanded over](https://reader031.vdocument.in/reader031/viewer/2022041814/5e59741c1cce4155b23caf69/html5/thumbnails/36.jpg)
36
3
10% share in IIB Paper Company Limited (limited liability company registered in Cayman
Islands). The principal activity of the company is the production of tissue paper.4
For further details, please contact:
Corporate Communications & Investor Relations