APL Apollo Tubes Signs Moll with Zamil Steel Buildings India
APL Apollo Tubes Ltd has signed a Memorandum of Understanding with Zamil Steel Buildings India Pvt Ltd to develop a market for pre-engineered steel
buildings made from structural steel tubes. This can help create a new annual market of 200,000 tons for its high diameter and high thickness steel tubes ‘Apollo Column’ in the coming years.
The Indian PEB industry is around 1 million tons in size, which mainly uses conventional steel products, non-tubular sections. The usage of structural steel tubes is just 5% in PEB structures. Zamil Steel India, a leading PEB engineering and manufacturing company in India, recognizes the tremendous scope for a growth in demand for affordable modular PEB structures, and also recognizes how increasing the composition of structural steel tubes will result in economical, stronger, and more durable structures as well as allowing minimizing the project completion time.
APL already has a huge market share in this segment, and this will get a further boost next year with the launch of a 500 x 500 mm diameter structural steel tube.