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Zamil Industrial’s lineage is easily traced
directly to the Zamil Group Holding Company, a much larger and well established
business family.
Zamil Group is an 85 year old Saudi family owned global company with diversified
industrial operations and capabilities, commercial interests and alliances with
leading international organizations. The Group offers wide range solutions
through its vast manufacturing facilities network and international presence in
over 60 countries. Founded in the 1930s by late Sheikh Abdullah Al Hamad Al
Zamil (1897-1961) as a modest trading and real estate business. Zamil Brothers
expanded and grew the business as they took over in the 1970s and transformed it
into a world class conglomerate.
Zamil Group operations cover numerous sectors from
building products and components to paints, plastics, chemicals and
petrochemicals, from shipbuilding to ship repair, port management and
operations, from general construction to offshore marine support services.
Zamil Group employs over 21,000 persons across its
international operations in 60 countries. Its cultural and ethnic diversity
provide strength and sustainability. As a good and responsible corporate citizen
the Group contributes and helps developing the communities wherever its business
is conducted.
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Key Milestones
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| 1998 |
Zamil Industrial formed as a Closed Joint Stock
Company. |
| 1999 |
Zamil Industrial acquires Clima Tech - Austria,
one of Europe's largest producers of technology based air-handling
systems. |
| 2000 |
Zamil Industrial acquires
Geoclima srl, an Italy based manufacturer for Chillers. |
| 2002 |
Zamil Industrial goes public and is listed
on the Saudi Stock Exchange (Tadawul) under symbol
2240.
Zamil Industrial forms Canam Asia Ltd., a joint venture with Steel Plus and an
affiliate of Canam Group, Canada to produce open web steel
joists and steel decks.
Zamil Industrial makes its third acquisition in Europe - this
time a technology and brand name acquisition of Kessler Tech,
well-known name for air handlers and ventilation units in
Germany. |
| 2004 |
Zamil Industrial increases its capital to SAR
350 million (USD 93.3 million) upon issuing bonus shares to its
shareholders on the basis of 1:6. |
| 2005 |
Zamil Industrial Board announces several
ambitious expansion projects and establishing new factories in Saudi
Arabia and UAE |
| 2006 |
Zamil Industrial acquires 51% controlling stake
in Arabian Fiberglass Insulation Company (AFICO) from Saudi Arabian
Amiantit Group. |
| 2006 |
Zamil Industrial increases its capital to SAR
450 million (USD 120 million) upon issuing bonus shares to its
shareholders on the basis of 2:7. |
| 2006 |
Zamil Industrial subscribes in "Marafik Modern
Real Estate" with 2.75 percent stake. |
| 2006 |
Zamil Industrial Triumphs in UAE Web Awards
2006. |
| 2007 |
Zamil Industrial Wins Gold at Pan Arab Web
Awards 2007. |
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Zamil Industrial launches its new identity. |
| 2008 |
Formed five new joint ventures as follows: |
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Zamil New Delhi Infrastructure Private Ltd.: A
Joint Venture with New Delhi Tele-Towers Private Ltd., to supply
passive telecom infrastructures — galvanized telecom towers,
shelters with sandwich panels, air conditioning equipment, and
power interface units.
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Zamil Hudson Company: A Joint Venture with
Hudson Products Corporation of USA that focuses on the
manufacture, assembly and maintenance of Air Cooled Heat
Exchangers serving utility, petroleum, chemical, oil and gas
processing and industrial customers in the Middle East, Africa,
and Central Asia.
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Armacell Zamil Middle East Co. Ltd.: A joint
venture with Armacell of Germany, a global leader in the
manufacture of engineered foams and flexible technical
insulation materials.
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Rabiah & Nassar & Al Zamil Concrete Industries
Company Limited: A joint venture with RANCO Precast, a
subsidiary of Rabiah and Nassar Group.
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Zamil Advantec Coils: A joint venture with
Advantec Coils Private Limited, India, a growing air
conditioning manufacturer and operator of a completely
integrated manufacturing facility.
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| 2009 |
Zamil Industrial wins prestigious Saudi
Responsible Competitiveness Index Award.
Zamil Receives Certificate of Royal Appreciation from King
Abdullah bin Abdul Aziz.
Zamil Industrial formed a new 50-50 joint venture with
Petro-Chem Development Company of USA, the leading designer and
manufacturer of world-class fired heaters, furnaces, pre-heaters
and heat recovery systems, to jointly produce fired heater
(process furnace) products in Saudi Arabia. |
| 2010 |
Zamil Industrial received the 'Best Working
Environment for Training and Development 2009' Award in recognition
of its inclusive approach to employee career development in a recent
comprehensive study conducted by consultants TeamOne Middle East and
Al Eqtisadiyah newspaper.
Zamil Industrial increases its capital to SAR 600 million (USD
160 million) upon issuing bonus shares to its shareholders on
the basis of 1:3.
The Board of Directors approved a restructuring of Zamil Industrial main sector businesses, namely the Air Conditioning and Steel sectors, due to their increasingly growing local and international presence and activities. After extensive study by an independent international company a decision has been taken to convert these branches into limited liability companies (LLCs) fully owned by Zamil Industrial.
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| 2011 |
Zamil Industrial acquires 51 percent controlling stake of Gulf
Insulation Group and merges all insulation businesses in new JV. |
| 2012 |
Zamil Industrial increased shareholding in "Advantec Coils
Private Ltd" India, from 30 percent to 100 percent. The new company is called Zamil Air Conditioners India Private Ltd. The
decision is in line with the strategic plan of the AC sector to
expand horizontally and vertically in local and
regional markets. |
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