Zamil Steel will grow more than 50 percent over the next five years through investing into new production facilities and acquiring new companies, said President Khalid Al-Zamil.
The announcement came at the company's Annual Sales Conference recently concluded in Cairo. The conference focused on new methods aiming towards further improving the skills of the company's sales team.
"2003 was a year of significant progress, where Zamil Steel, once again demonstrated clearly that based on its strong partner network and advanced infrastructure, it overcame a challenging global economic environment," said Khalid Al-Zamil.
"In spite of difficult market conditions, and while slightly lower than our expectations we reported earnings above the industry average. We see positive momentum in each of our three business segments as we begin 2004 and are also encouraged by early indications of economic recovery where we are expecting year-over-year growth in revenues and margins in each business segment," added Al-Zamil.
The event was attended by certified builders, agents and consultants, senior management of Zamil Steel in Saudi, Egypt and Vietnam, and all the sales managers and sales engineers in Zamil Steel international sales offices. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
