Zamil Steel upbeat on Vietnam market
Zamil Steel upbeat on Vietnam market
The leading steel structure supplier in the region, Zamil Steel Buildings Vietnam Co., Ltd. sees a bright outlook for the Vietnam market over the next five years.
With a strong track record in Vietnam over many years, Zamil Steel has very high hopes in the country for the next few years, hoping to grab a wealth of opportunities.
“In the next five years, the market will see significant changes when Vietnam engages further in globalisation and regional integration. As a result, the demand for high-quality steel structures will increase, which will be an opportunity for Zamil Steel Buildings Vietnam to grow its market share,” said Krishnakanth Kodukula, general director of Zamil Steel Buildings Vietnam Co., Ltd., on its 25th anniversary.
“All these changes will strengthen Zamil Steel’s position in the market and be the foundation for Zamil Steel’s sustainable growth over the next decade in Vietnam and the Asia Pacific,” he said.
"The demand for high-quality steel structures will increase, which will be an opportunity for Zamil Steel to grow its market share," said Krishnakanth Kodukula, general director of Zamil Steel Buildings Vietnam.
Recalling the early days of establishment, Nawaf Al Zamil, president of Zamil Steel Holding Company said, “In 1997, we were the first and only Saudi Arabian enterprise to invest in Vietnam and also the pioneer to bring the concept of 'pre-engineered steel buildings' to Vietnam."
"When exporting the first orders to Vietnam in 1993, we realised that Vietnam and the Asia-Pacific region were vibrant markets with huge development potential. With the ambition to bring a new type of product in line with safety and technical standards while still satisfying local architectural requirements, the management of Zamil Steel Holding Company decided to establish two representative offices in Ho Chi Minh City and Hanoi in the early 1990s. After four years of exploring the market, we officially established Zamil Steel Buildings Vietnam Co., Ltd. and its first factory in Hanoi in 1997,” he continued.
Many of Zamil Steel Vietnam’s projects have become essential parts of the socio-economic development of Vietnam and regional countries such as Cambodia, Malaysia, Indonesia, and Bangladesh.
Highlighted projects included the pit building of the Formula 1 Circuit in Hanoi, the mega-scale VinFast factories in Vietnam, Phnom Penh and Siam Reap International Airports in Cambodia, the Petronas petrochemical refinery complex in Malaysia, and the Bangladesh government’s cyclone shelter project on Bashan Char Island.
Zamil Group was founded by members of the Al Zamil family in Saudi Arabia in the 1920s, with its business line mainly in commerce and heavy industry.
Through many wholly-owned companies and joint ventures, Zamil Group operates in a wide range of sectors, such as building materials, manufacturing, offshore, petrochemicals, trade, services, real estate, and investment, with thousands of employees worldwide.
