Plastics Portal For Buying And Selling Plastic Products
CONNECTING BUSINESSES IN THE WORLD OF PLASTICS
Go to->Home - PlasticNews
Technip to acquire Stone & Webster Process Technologies from The Shaw Group (11-6-2012)
 
Technip has entered into an agreement to acquire Stone & Webster process technologies and the associated oil and gas engineering capabilities from The Shaw Group for a cash consideration of approximately €225 mln. This transaction will enable Technip to:
• Enhance substantially its position as a technology provider to the refining and petrochemicals industries,
• Diversify further its Onshore/Offshore segment, adding revenues based on technology supply,
• Strengthen its relationships with clients and partners worldwide, backed by the Stone & Webster reputation,
• Expand in promising growth areas such as the US, where downstream markets will benefit from the supply of unconventional gas,
• Add skilled resources, notably in research in the US, and in engineering in the US, the UK and India.
Thierry Pilenko, Technip's Chairman and CEO, commented: "The acquisition of these world-class downstream technologies and high-quality engineering resources fits perfectly with Technip's strategy to differentiate itself through technology. Technip becomes a major technology provider to downstream markets, adding value to its Onshore/Offshore segment. In addition, we gain access to promising growth areas, including US petrochemical investments driven by low-price shale gas. Furthermore, we are delighted to welcome 1,200 talented people to Technip, to support our growth and our clients' needs. We continue the process of broadening Technip's offering of products, services and technologies."
Previous News Previous News
Next News Next News
Forward to friend Forward this news to friend Print this News Print this news
Back
Back To Recent News Archives
Disclaimer
Recent News
• Recycled Polypropylene gets food contact approval from US FDA for 100%
• Driven by plastic modification segment, EPDM market to grow at CAGR of 6.59% uptil 2019
• Showa Denko to dissolve consolidated subsidiary in Indonesia, terminate production of ethyl acetate
• ONGC Mangalore Petrochemicals Ltd to commence paraxylene and benzene production
• California inks USA's first statewide ban on single use plastic bags at grocery and convenience stores
  
Available
UM-10088 Model: IS350GS-10A (1998 & 2000) - Quantity available : 2-set ...
UM-10087 Model: NN-100 For more details & images, please see next pages
UM-10086 JSW 220 ton Injection Molding Machine For more details & images,...
UM-10083 - Width: 780 mm - Diameter die: 150 mm - Gap: 1,0 mm - Diamete...
UM-10082 Model: COEX - Film structure: ABC - Film width: 1600 Extrude...
UM-10081 - Film structure: ABC - Material: PE-LD; PE-LLD; EVA, PE; Label ...
UM-10080 4.5" NRM/Brampton Engineering/battenfeld gloucester blown Film Li...
UM-10079 4.5" Gloucester/Brampton Mono-layer Blown Film extrusion Line pre...
UM-10078 - 4.5" Gloucester 30/1 l/d Lowboy extruder - With electrically h...
UM-10076 1) Model: ES400 connector-1EN1 - Screw diameter: 19 mm - Abrasi...