Maire Tecnimont S.p.A. announces that several contracts and order implementations have been awarded through its subsidiaries Tecnimont S.p.A., KT - Kinetics Technology S.p.A. and Stamicarbon BV, for a total amount of approximately €118 million for Licensing, Technology Packages and Engineering Services.

These new awards, related to the core business of oil & gas, petrochemicals and fertilizers, have been granted mainly in Europe, the Middle East and Central - Eastern Asia, confirming the growth strategy in the higher margin and technology-driven service area.

In particular, the Group has consolidated its presence in Azerbaijan through a number of technology licensing, engineering and procurement services awards granted by a major local Oil & Gas player, related to fertilizer and polyolefin plants in the industrial site of Sumgayit.

Furthermore, contracts have been awarded by a major global licensor for engineering services related to two EVA (Ethylene Vinyl Acetate) plants in Shanghai and Yangzi (People’s Republic of China).

Maire Tecnimont SpA

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, is the holding company of an international industrial group (Maire Tecnimont Group) leader in the sectors of Engineering & Construction (E&C), Technology & Licensing and Energy & Ventureswith specific skills in plant engineering in particular in the hydrocarbon industry (Oil & Gas, Petrochemicals, Fertilizers) and also in Power Generation and Infrastructures. The Maire Tecnimont Group is present in about 30 countries, has about 45 operating companies and about 4,200 employees, half of whom are located abroad.