APL Apollo Tubes has signed an agreement with Zamil Steel Buildings India to develop and create a market for pre-engineered steel buildings (PEB) made from structural steel tubes, the company said in a statement.
The company said that this will help in creating a new market of 200,000mt for its high diameter and high thickness steel tubes in the coming years.
India’s PEB sector is nearly 1mn mt, of which, structural steel tubes usage is only 5pc. The company said that Zamil Steel recognizes the scope of growth in demand for affordable PEB structures and how structural steel tubes will result in economical, stronger, and more durable structures apart from reducing the time required for the completion of the project.
It further added that given the strong push by the government to improve the farm supply chain infrastructure and rural housing infrastructure, there will be substantial demand for the construction of warehouses and affordable housing projects in the coming years.
Zamil Steel’s annual fabricated steel capacity is over 555,000mt which is used in low-rise and high-rise steel buildings and structures.
Zamil Steel India is owned by Saudi Arabia-based Zamil Industrial Investment Company. The company has factories in Saudi Arabia, the United Arab Emirates, Egypt, Vietnam, and India.