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Maire Tecnimont SpA (MTCM.MI)

MTCM.MI on Milan Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Maire Tecnimont to issue EUR 40.0 mln bond reserved to institutional investors
Monday, 24 Apr 2017 01:45am EDT 

April 24 (Reuters) - Maire Tecnimont SpA ::Supports the group's investments in new technologies with the issue of EUR 40.0 mln bonds reserved to institutional investors.Agreements have been reached for the amendment and optimization of certain terms and conditions of the existing bank debt.Cost of the existing bank debt further reduced to 1.95%.The bonds, divided in two tranches of equal amounts, will have an all-in yearly pricing equal to 340 basis points over the 6-month Euribor, a maturity of six years with a bullet repayment on the maturity date.The bonds – which will have a nominal value of EUR 100,000 each – are not expected to be listed nor admitted to trading.  Full Article

Maire Tecnimont FY net profit jumps to EUR 85.3 mln
Wednesday, 15 Mar 2017 09:00am EDT 

Maire Tecnimont SpA : FY revenue 2.44 billion euros ($2.59 billion) versus 1.67 billion euros a year ago . Increase in FY revenue relates to the progress of projects in the backlog, mainly EPC projects that became fully operational, while in 2015 they were at their initial engineering stage . FY net profit 85.3 million euros versus 43.8 million euros a year ago .Proposes dividend of 0.093 euro per share.  Full Article

Maire Tecnimont establishes unit Vinxia Engineering in Czech Republic
Wednesday, 1 Feb 2017 01:51am EST 

Maire Tecnimont SpA : Establishes unit Vinxia Engineering A.S. in Czech Republic .Vinxia Engineering to work as a customer-focused partner in order to develop new business opportunities for revamping projects in the fertilizer market in the Russian Federation as well as in Eastern Europe and in the Caspian area.  Full Article

Maire Tecnimont unit sets up UAE-based JV Value Technology Engineering
Thursday, 12 Jan 2017 09:36am EST 

Maire Tecnimont SpA : Its subsidiary Tecnimont Civil Construction has established a UAE-based company named Value Technology Engineering LLC with SBK Holding and Geointelligence .Value Technology Engineering is a joint venture (JV) to monitor the presence of sand or other materials or events to reduce potential hazards caused by extreme environmental conditions as in desert areas.  Full Article

Maire Tecnimont unit and DP-Lubrificanti sign agreement for design of second generation-biodiesel
Friday, 23 Dec 2016 10:04am EST 

Maire Tecnimont Spa :Says its unit Processi Innovativi and DP-Lubrificanti signed an agreement for design of plants based on DP-Lubrificanti's technology for production of second generation biodiesel.  Full Article

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

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