Golden
Dragon prize for Zamil Steel Vietnam
Posted: 14 March 2004
Zamil Steel Vietnam (ZSV), the Asian operation of Saudi Arabia’s
Zamil Steel, has been awarded the prestigious ‘Golden Dragon
Prize’ for the year 2003. Conferred by the Vietnamese government,
the award reflects the performance of foreign enterprises operating
in the country and recognizes their contributions to the Vietnamese
economy.
Out of a total of some 1,000 entities vying for the Golden Dragon
Cup, ZSV emerged as one of 30 winners from 10 categories, and won
for having the best product in the ‘construction and construction
material’ category.
On receiving the award from Madam Nguyen Thi Binh, Former Vice
President of Vietnam, at a prize giving ceremony held on 20 February
2004, George Kobrossy, General Director, ZSV said:
“Zamil Steel Vietnam is proud to be the recipient of this
year’s award, which underscores the positive recognition of
our company in this country. We remain committed to building upon
our successes, and - through our own growth and expansion - to an
ongoing contribution to the socio-economic development of Vietnam.”
The selection criteria for the prize stresses the quality of products
and services, an awareness of trademarks, company turnover and growth,
customer services, contribution to the local economy, care of employees,
as well as participation in humanitarian and charitable work.
The Golden Dragon award was established in 2001 and is organized
by Vietnam Economic Times with full support from the Ministry of
Planning and Investment, Ministry of Culture and Information, Ministry
of Trade, World Economic Institute and the Vietnam Economic Association.
About Zamil Steel Industries
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, 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 markets and derives 40 per cent of
revenues from outside Saudi Arabia. For the year ended 31 December
2003, net profits after Zakat contributions reached SAR 50.3m (US$
13.4m), a growth of 11 per cent over 2002 (SAR 45.2m ($ 12.1m)).
Post Zakat earnings per share also grew by 11 per cent to SAR 8.39
($2.24), up from SAR 7.56 ($2.02) during the same period in 2002.
ZIIC’s shares have been actively traded on the Saudi Equity
Market since early 2002.
More information can be found at www.ziic.com.
Posted by Richard Price,
Editor Pipeline Magazine
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