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Maire Tecnimont SpA (MTCM.MI)

MTCM.MI on Milan Stock Exchange

30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Maire Tecnimont H1 net profit rises to EUR 26.7 mln
Thursday, 28 Jul 2016 08:02am EDT 

Maire Tecnimont SpA : H1 revenue 1.12 billion euros ($1.24 billion) versus 700.2 million euros a year ago .H1 net profit 26.7 million euros versus 26.1 million euros a year ago.  Full Article

Maire Tecnimont units win contracts for overall value of USD 186 mln
Wednesday, 6 Jul 2016 01:37am EDT 

Maire Tecnimont SpA : Its main subsidiaries have been granted new awards for the overall value equal to about $186 million in the oil & gas petrochemical and fertilizer business . Unit KT-Kinetics Technology has been awarded the Clean Fuel Project, to be developed in the Rabigh Petrochemical Complex in Saudi Arabia for about $148 million .Other awards for a total amount of $38 million have been granted for licensing, engineering services, and equipment supply in Europe, North America, Middle East and Asia.  Full Article

Maire Tecnimont signs agreements and partnerships in Russia and Caspian area
Monday, 20 Jun 2016 02:38am EDT 

Maire Tecnimont SpA : Said on Friday it signed a cooperation agreement with Eurochem and Russian construction company Velesstroy . Cooperation agreement relates to the construction of an ammonia production plant in Kingisepp, Russia, which Maire Tecnimont is implementing as EPC contractor . Construction subcontracts for the ammonia production plant have a total value of about $228 million . Signed a Memorandum of Understanding as EPC contractor with Russian chemical company Azot and construction company Codest for the development of the Kemerovo Fertilizer Complex in Russia . State oil company of Azerbaijan republic SOCAR, Italian export credit agency Cdp Group via unit SACE, Russian agency for export credit EXIAR, and Gazprombank Group announced the signing of a Memorandum of Understanding to finance the GPC Project, a project for gas monetization . Maire Tecnimont acted as promoter of the GPC Project and will be well positioned for the project's Engineering, Procurement and Construction (EPC) phase .The GPC project will be located near Baku, in Azerbaijan.  Full Article

Maire Tecnimont enters joint collaboration agreement with Siluria Technologies
Wednesday, 1 Jun 2016 01:44am EDT 

Maire Tecnimont SpA : Together with Siluria Technologies (Siluria) have entered into a joint collaboration agreement . Under terms of agreement Maire Tecnimont and Siluria to convert natural gas directly into commodity chemicals and their derivative products. . Maire Tecnimont made investment of $10 million in Siluria's share capital through series E financing round .Siluria is an American company engaged in production of fuels and chemicals made from clean natural gas.  Full Article

Maire Tecnimont Q1 net profit up at EUR 18.5 mln
Thursday, 12 May 2016 09:33am EDT 

Maire Tecnimont SpA : Q1 net profit 18.5 million euros ($21.08 million) versus 17.1 million euros a year ago . Q1 EBITDA 35.2 million euros versus 33.5 million euros a year ago .Q1 revenue 546.1 million euros versus 347.0 million euros a year ago.  Full Article

Maire Tecnimont SpA units get contracts for about USD 160 mln
Tuesday, 3 May 2016 08:00pm EDT 

Maire Tecnimont SpA:Main units have been granted awards for total amount of about $160 million for licensing, engineering services and EP (engineering-procurement) activities.Contracts have been granted mainly in Europe, North America, Middle East and Asia.  Full Article

Maire Tecnimont SpA gives FY 2016 guidance above analysts' estimates
Tuesday, 15 Mar 2016 08:00pm EDT 

Maire Tecnimont SpA:Sees FY 2016 revenues at 2.2-2.4 billion euros.Sees FY 2016 EBITDA at 140-160 million euros.FY 2016 revenue 2.09 billion euros, FY EBITDA 149.2 million euros -Thomson Reuters I/B/E/S.  Full Article

Maire Tecnimont SpA proposes FY 2015 dividend
Tuesday, 15 Mar 2016 08:00pm EDT 

Maire Tecnimont SpA:Proposes dividend of 0.047 euro per share.  Full Article

Maire Tecnimont SpA to establish joint venture with KBR for urea and ammonia project
Monday, 29 Feb 2016 07:00pm EST 

Maire Tecnimont SpA:Unit Tecnimont and KBR Inc KBR.N have executed a collaboration agreement to establish a joint venture for the engineering, procurement and construction of an ammonia and urea plant with associated Utilities and Offsites for Cronus Fertilizers, LLC, in Illinois, USA.The project expected to be worth around USD 1.5 billion, is subject to financing.  Full Article

Maire Tecnimont SpA signs $180 mln contract with Socar Polymer
Friday, 5 Feb 2016 04:40am EST 

Maire Tecnimont SpA:EPC lump sum contract signed with Socar Polymer for the implementation of a polyethylene plant at the industrial site of Sumgayit, Azerbaijan‍​.Overall project value is about $180 million.  Full Article