Zamil Air Conditioners blow into Lebanon
Posted: 13 October 2003
Zamil Air Conditioners (ZAC), a leading international manufacturer
of air conditioning systems and the Middle East’s market leader,
is sending a wave of cool air into Lebanon with the introduction
of Cooline Air Conditioners to the Lebanese market and hopes to
capture 30 per cent of the market within 5 years.
“Our appointment of Adel Bou Habib & Company as our Lebanese
distributor paves the way for the entry of our Cooline international
flagship brand of air conditioners to Lebanon, in a move that increases
our geographic reach which already spans more than 40 countries
worldwide,” said Shaker Almoussa, General Manager, Cooline.
Established in 1971, Adel Bou Habib & Company is a family owned
business dealing in sanitary, plumbing and heating products. Its
appointment by Cooline is set to create a high level of exposure
of the market leading brand to consumers and contractors in the
Lebanese marketplace as well as in neighboring Syria, Jordan and
Cyprus.
“Cooline remains active in winning new prestigious projects
in the region as well as internationally, and this appointment is
set to further increase our reach with the launch of Cooline in
Lebanon,” said Balazs Garamvolgyi, Brand Manager, Cooline.
About Zamil Air Conditioners
Zamil Air Conditioners (ZAC) was founded in 1974 as one of the first
air conditioning business to be established in Saudi Arabia and
today is a leading international manufacturer of air conditioning
systems and is Number 1 in the Middle East.
It designs, manufactures, tests, markets and services a comprehensive
range of air conditioning products, which range from compact room
air conditioners and mini splits to large scale central air conditioners,
chillers and air handling units for highly specialised applications.
These are marketed under various brand names – Classic, Cooline,
Cool Care, Clima Tech, Kessler Tech and Geoclima – depending
on specific markets.
ZAC is also involved in the production of branded air conditioners
for leading international manufacturers, Sanyo, Trane, Luxaire,
Philco, Admiral, Siemens Bosch and Frigidaire, under an Original
Equipment Manufacturer (OEM) agreement.
It operates a joint venture with General Electric, called Middle
East Air Conditioners Ltd. (MEAC). As a result of excellent production
facilities at ZAC, a range of GE-branded air conditioning consumer
products are produced for Saudi Arabia and other Gulf countries.
ZAC 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,
is headquartered in Dammam, Kingdom of Saudi Arabia, and employs
more than 4,800 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)
Zamil Glass Industries (www.zamilglass.com)
ZIIC exports to more than 70 markets and derives 37 per cent of
revenues from outside Saudi Arabia. For the period January –
June 2003, net profits after Zakat contributions grew by 25 per
cent to SAR 31.3m (US$ 8.3m), while post Zakat earnings per share
also grew by 25 per cent to SAR 5.22 ($1.39), up from SAR 4.17 ($1.11)
during the same period in 2002.
For the year ended 31 December 2002, profits were SAR 50.8 million
(US$ 13.5m) on turnover of SAR 1.4 billion ($ 376m). 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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