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CLASS

A plenty of commissions for Maire from Korea, Russia and India

April 01, 2020


Abstract : The subsidiary Tecnimont has gained rewards for a total amount of about 10 million dollars concerning high-tech engineering services and feasibility studies in the petrochemical sector.

MILAN, Mar. 31 (Class Editori) - New agreements for Maire Tecnimont. The subsidiary Tecnimont has gained rewards for a total amount of about 10 million dollars concerning high-tech engineering services and feasibility studies in the petrochemical sector in Korea, Russian Federation and India. “These new agreements are proving the strong competitive position of the company and could potentially lead to new agreements in the construction field”, as Bank Akros has stated this morning, by reiterating that the rating buy and the target price amount at 3.30 euros per share. 

In particular, the company has signed an agreement for the development of Front-end engineering design and, therefore, the detailed engineering for the high-pressure section of a polyethylene plant at low density to be established in Korea for one of the main energetic and chemical companies of the Asia-Pacific area, which is developing a new integrated petrochemical plant. 

In this way, Maire Tecnimont is consolidating its market leadership in the engineering and construction of polyethylene plants at low density worldwide. The commissions concern also two feasibility studies, the first one regarding a new polypropylene unit in India for Borealis AG, and the other one a new acrylonitrile line in the Russian Federation for Lukoil OOO Saratovorgsinetz. “These commissions are proving that our group is going on with its activities thanks to the commitment of each collaborator and the benefit coming from the quick adoption of our Digital Advantage Smart Platform”, the CEO Pierroberto Folgiero has declared.

Marie Tecnimont is ensuring the business continuity thanks to the use of its "Digital Advantage Smart Platform". In 2015, the Group launched its "Digital Advantage" programme which has gradually led to the fully digitalization of its processes and which is allowing an advanced collaboration between its specialists and partners, regardless of their physical workstation. 

The company has been among the first to implement the best ICT technologies in its sector, which allow the full cloud and virtualization of the group infrastructure, in order to remotely perform not only design and operating activities (BIM, 3D modelling and AWP solutions to optimise engineering and building) but also administration, finance and control, procurement and HR management.

This renewal programme has allowed Marie Tecnimont to cope with the current situation by implementing a flexible approach. Currently, about 5,000 people worldwide who belong to the engineering centres of Milan, Rome, Mumbai (India), Moscow (Russia), Sittard (the Netherlands), Braunschweig (Germany) and Houston (the USA) are keeping working from home, by coordinating themselves with the multilocated project teams. (All rights reserved)

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