Zamil, US firm launch JV
Riyadh, December 10, 2009
Zamil Industrial Investment, an international manufacturing and fabrication group, has launched a new joint venture with US-based Petro-Chem Development to produce fired heater products in Saudi Arabia.
The new 50-50 joint venture with Petro-Chem, a leading designer and manufacturer of world-class fired heaters, furnaces, pre-heaters and heat recovery systems, will operate from Dammam, Saudi Arabia, and focus on the manufacture, marketing and supply of fired heaters, process furnaces and related accessories for use by utility, petroleum, chemical, oil and gas processing and industrial customers in the Gulf markets.
The new products will also complement Zamil Industrial’s existing primary products, such as process equipment and steel vessels, said a statement.
“Zamil Industrial’s new Joint Venture with Petro-Chem Development illustrates, once again, our enduring commitment to providing customers in our home market with technologically advanced products that are globally recognized for both high quality and superior performance,” said Khalid A Al Zamil, managing director, Zamil Industrial.
“As a leading manufacturer, we are dedicated to locating the most highly qualified global partners and combining our talents and resources in order to provide the products and solutions needed to fuel the growth of our region’s expanding industrial base,” he added.
The companies of Zamil Industrial maintain superior manufacturing facilities that are extremely well suited to the production of process furnace products. Initially, the process furnaces will be manufactured at the Zamil Steel Process Equipment factory in Dammam Second Industrial City on a project basis.
Stephen T Limpe, president and CEO of Petro-Chem Development, said: “We are very pleased to join forces with Zamil Industrial in this new endeavor. Both companies share a solid commitment to maintaining speed to market, the highly ethical conduct of business and the creation of the highest level of value for our current and future customers.”
“Together, we look forward to a long and successful partnership aimed at serving the expanding marketplaces in the Middle East,” he added. – TradeArabia News Service