History

 

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.

Key Milestones
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.
  Zamil Industrial launches its new identity.
2008 Formed five new joint ventures as follows:
 
  1. 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.

  2. 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.

  3. 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.

  4. Rabiah & Nassar & Al Zamil Concrete Industries Company Limited:  A joint venture with RANCO Precast, a subsidiary of Rabiah and Nassar Group.

  5. 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.

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.

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.