Zamil Steel sets up operations in India
Zamil Steel, a Saudi Arabia-based manufacturer of pre-engineered buildings (PEBs), has launched its operations in India.
The company opened its first manufacturing facility at Ranjangaon near Pune and has begun conducting feasibility studies to open another factory in India.
Zamil Steel is a part of the billion dollar Zamil Industrial, whose other businesses include air-conditioners, glass products and fibreglass insulations.
The company has invested $32 million (Rs16 crore) in the 21-acre facility, which has a capacity to manufacture 3000 million tonne (mt) PEBs every month with related components.
The company has completed 32 projects in India in the past six months.