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Tecnimont S.p.A. inks ?100M contract with Novy Urengoy Gas Chem Complex

June 03/2010

ROME (Maire Tecnimont) -- Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. has signed a contract with C.S. Construction Solutions Ltd for End User Novy Urengoy Gas Chemical Complex (NUGCC), a Company controlled by Gazprom Group.


The contract, which has a value on a cost plus fee basis of about ?100 million, foresees the provision of equipment and raw materials, with associated facilities of procurement services and site assistance, for a 400 KTY Low Density Polyethylene (LDPE) Plant in Novy Urengoy (Western Siberia). The completion of the contract activities is expected by end of 2012. For the same project in 2007 Maire Tecnimont already performed basic engineering services and in 2009 was awarded a detailed engineering contract, which is currently in execution.


Todays contract is a great result for Maire Tecnimont because it confirms once again the excellence of our Group in the polymers business and its long tradition in the market of the former USSR, where we have been present for many decades, stated Fabrizio Di Amato, Chairman and CEO of Maire Tecnimont S.p.A..

Tecnimont S.p.A. inks ?100M contract with Novy Urengoy Gas Chem Complex













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