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The project concerns the realization of a 510,000 t/y PDH plant and foresees that Engineering and Procurement will be performed on a Lump-Sum basis, whereas the Construction will be performed on a cost plus fee basis, with the possibility of a subsequent conversion into a Lump-Sum basis.
A - to have signed today the contract and the Memorandum of Understanding during such prestigious summit, which is very important for the relationship between Italy and Russia. The Group has established itself thanks to advanced skills in Project Management and Main Contracting, by implementing complex turnkey projects all over the world, combining high quality and planning standards with a focus on multicultural and environmental issues.
This represents the culmination of hard work over the past years, as well as the beginning of an important operational collaboration with outstanding players such as JSC Sibur, VEB and SACE. The Group, listed on the Milan Stock Exchange, with a presence in 24 countries and 4 continents, currently controls 37 operating companies and can rely on a workforce of about 4,500 employees, more than half of whom are outside Italy.
Thanks to this project Maire Tecnimont further strengthens its significant presence in the Russian Federation and establishes its position in the PDH technological sector which offers interesting perspectives of growth”. At 31 December 2008, the Group reported Revenues of €2,463 million and Net income of €117 million.
Rome, 3 December 2009 – During the “Italian-Russian Bilateral Summit”, which took place today in Villa Madama, in Rome, in the presence of Italian Prime Minister, Silvio Berlusconi and the President of the Russian Federation, Dmitry Medvedev, Maire Tecnimont S.p.
A., through its main operating company Tecnimont S.p.