Key Developments: Maire Tecnimont SpA (MTCM.MI)

MTCM.MI on Milan Stock Exchange

1.99EUR
21 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Maire Tecnimont SpA signs MoU for fertilizer complex in United States
Monday, 21 Jul 2014 01:31am EDT 

Maire Tecnimont SpA:Signs a Memorandum of Understanding with Fatima Group Principals (FGP) and Midwest Fertilizer Corporation (MFC) for direct negotiation of a LSTK EPC contract relating to a greenfield Fertilizer complex located in Indiana, United States.Overall project value is expected to be about $1.6 billion.  Full Article

Maire Tecnimont SpA approves bond issue
Thursday, 17 Jul 2014 01:44am EDT 

Maire Tecnimont SpA:Says its Board of Directors approved on July 16 the issuance of senior unsecured guaranteed 5 year notes for a minimum aggregate amount of 300 million euros.The transaction will be launched subject to market conditions and the offering is restricted to qualified investors only, outside the United States.Banca IMI S.p.A., UniCredit Bank AG, Credit Suisse Securities (Europe) Limited and MPS Capital Services - Banca per le Imprese S.p.A. are acting as joint lead managers.  Full Article

Maire Tecnimont SpA receives new awards for about $199 million
Wednesday, 25 Jun 2014 01:35pm EDT 

Maire Tecnimont SpA:Announces that several contracts and order variations have been awarded – mainly through its subsidiaries Tecnimont, KT Kinetics Technology and Stamicarbon – for a total amount of about $199 million.The contracts have been awarded for EP (Engineering - Procurement) and licensing activities as well as engineering services.The awards, related to the business of oil & gas, petrochemicals and fertilizers, have been granted mainly in the United States, Saudi Arabia, Russia, Azerbaijan, India and China, by international clients both in the private and public sectors.  Full Article

Maire Tecnimont SpA receives new awards in oil and gas sector in Belgium
Thursday, 3 Apr 2014 01:40am EDT 

Maire Tecnimont SpA:Says its subsidiary KT – Kinetics Technology has been awarded by Total Olefins Antwerpen (Total Group) two contracts for the implementation of the Refinery Off Gas project (ROG) at Total’s Antwerp refinery in Belgium.Says the ROG project is aimed at recovering volumes of valuable hydrocarbons that are being burnt as fuel gas and at processing such streams in the existing naphtha cracker.The overall value of the two contracts will be about 190 million euros.  Full Article

Maire Tecnimont SpA signs agreement for Petrochemical Complex in Egypt
Wednesday, 26 Mar 2014 02:31am EDT 

Maire Tecnimont SpA:Says agreement signed with Carbon Holdings for the EPCC contract relating to the Utilities and Offsite Facilities for the Tahrir Petrochemical Complex in Ain Sokhna, Egypt.Says overall Project value is expected to be approximately between $1.7 billion and $1.95 billion, out of which 50 pct related to the Maire Tecnimont Group.Says the agreement was signed through some of its subsidiaries and in association with Archirodon Group.  Full Article

Maire Tecnimont SpA's subsidiaries awarded contract in Canada and signs new license agreement for a urea plant in North Dakota
Monday, 24 Mar 2014 03:03am EDT 

Maire Tecnimont SpA:Announces that several contracts have been awarded through its subsidiaries Tecnimont SpA, KT - Kinetics Technology SpA and Stamicarbon BV for a total amount of approximately 45 million euros for Licensing, Technology Packages, Procurement and Engineering services.These awards, related to the core business of oil & gas, petrochemicals and fertilizers, have been granted in Europe, North and Central America and the Middle East.Moreover, its subsidiary, Stamicarbon, has signed a license agreement with Dakota Gasification Company for the construction of a brownfield urea melt, granulation and DEF plant in Beulah, North Dakota, United States.  Full Article

Maire Tecnimont SpA's subsidiary signs strategic agreement with Foster Wheeler USA Corporation
Tuesday, 18 Feb 2014 02:04am EST 

Maire Tecnimont SpA:Announces that its subsidiary Tecnimont USA Inc and Foster Wheeler USA Corporation signed a strategic alliance agreement related to Front- End Engineering Design (FEED), detail engineering, procurement and construction (EPC).The scope of the agreement is the creation of petrochemical plants, chemical and fertilizers in US, Canada and Mexico.  Full Article

Maire Tecnimont SpA launches the placement of up to 100 million euros equity-linked bonds
Thursday, 13 Feb 2014 02:26am EST 

Maire Tecnimont SpA:Announces the launch of an offering of equity-linked bonds with a maturity of 5 years and an aggregate principal amount of 70 million euros.Says amount may be increased by up to 20 million euros if the company exercises its increase option and by a further 10 million euros if the joint bookrunners exercise in full their over-allotment option.  Full Article

Maire Tecnimont SpA awarded Sonara Phase II Expansion project in Cameroon in Consortium
Monday, 10 Feb 2014 01:32am EST 

Maire Tecnimont SpA:Says the Consortium between some of its subsidiaries (86 pct) and the Turkish company Ustay A.S. (14 pct) has been awarded the Sonara Phase II Expansion project in Cameroon.Says the project relates to the realization of a new Hydrocracker Complex in the Refinery of Limbe (south-west of Cameroon) and is aimed at improving the quality of the refined products and at increasing the overall flexibility of the facilities.Says the Client is SOciete NAtionale de RAffinage (SONARA), the company that owns and operates the Refinery.Says the overall contract value is equal to about $715 million out of which about $612 million pertaining to the Maire Tecnimont Group.Says Maire Tecnimont Group's Scope of work includes Engineering Services for the whole Project, the Procurement activities, the Construction of part of the Facilities, the Construction Supervision, and the Commissioning Services.Says a portion of the Construction activities will be carried out by Ustay A.S.Says completion is expected by the second half of 2017.Says the project has been awarded by the Ministry of the Public Contracts of Cameroon.  Full Article

Maire Tecnimont SpA announces new awards for 96 mln euros
Thursday, 30 Jan 2014 12:16pm EST 

Maire Tecnimont SpA:Says several contracts and order variations have been awarded through its subsidiaries Tecnimont S.p.A., KT - Kinetics Technology S.p.A. and Stamicarbon BV.Says the contracts are for a total amount of about 96 million euros for Licensing, Technology Packages, Procurement and Engineering services.Says these awards, related to the core business of oil & gas, petrochemicals and fertilizers, have been granted in Europe, North America, the Middle East and Eastern Asia.  Full Article

Maire Tecnimont to build $1.6 billion U.S. fertilizer plant

MILAN - Italy's Maire Tecnimont said on Monday it had signed a memorandum of understanding with Pakistan's Fatima Group Principals and Midwest Fertilizer Corporation to build a nitrogen fertilizer complex in the United States.

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