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
• SIBUR subsidiary completes PET production capacity expansion at Bashkortostan
• Differential on Asian naphtha between H1-June and H1-July rises to a more than 3 week high
• PET production delayed at Brazil's Petroquímica Suape complex
• 100% bio-based succinic acid with lower environmental footprint
• Rare moves for ethylene possible as other arbs open
  
Available
UM-9275 Model: FLM1 - Stainless steel construction with (1) Wurster and ...
UM-9274 Model: GPCG60SRS - Used Glatt fluid bed dryer granulator - Stai...
UM-9260 Model: Radios 826 - Stack type - Gearless: No - Max. Web width...
UM-9251 - Number of layers: 1 - Film width: 3000 - Screw diameter: 90 ...
UM-9249 - Number of layers: 1 - Overhaul / renovation: Machine was revis...
UM-9234 - Printing width: 1200 mm - Max material width: 1250 mm - Possi...
UM-9575 - Clamping Force: 1800 KN - Min Mould height: 200 mm - Mould ...
UM-9684 Model: NESA - Completely (electronicall...
UM-9679 1) Calender machine 1 Set - Size: Roll diameter 356 mm x width 1...
UM-9665 - 2500 x 800 Proposed Material width and thickness (PVC with Fil...