Maire Tecnimont

Maire Tecnimont

Type	Joint stock company
Industry	Engineering and contracting
Headquarters	Rome, Italy
Key people	Fabrizio Di Amato, Chairman,CEO
Profit	€ 110,7 million (2009)
Employees	4.538 (2009)
Subsidiaries	Tecnimont Tecnimont KT Stamicarbon Met Newen Met Development
Website	www.mairetecnimont.it

Maire Tecnimont is the head of an Italian Group in Engineering & Main Contracting sector, active on the domestic and international market in the following sectors: Oil & Gas, Chemical and Petrochemical, Energy, Infrastructure and Civil Engineering. It is also active in renewable energy sector, in the services of Project Management, Engineering, Procurement & Construction applied to the implementation of complex projects around the world. Over the years Maire Tecnimont has developed a recognized experience in managing large turnkey EPC projects in different geographical areas; operating in more than 30 countries and four continents, currently owns more than 50 operating companies. It is listed on the Milan Stock Exchange since November 2007.

History

Maire Tecnimont is the result of the acquisition of Tecnimont by Maire Holding occurred in 2005. The Maire Holding already controlled Maire Engineering Company, new name of the Fiat Engineering acquired in 2004. The company was admitted to trading in Stock Exchange by IPO on November 27, 2007 (Standard segment) at the end of the consolidation of the acquisition of Tecnimont (2005). On March 25, 2008 it was admitted to the segment Blue Chip of the Italian Stock Exchange. On August 2, 2010 the company signed a lease contract for two Garibaldi Towers in Milan; the first tower is now complete after a heavy restyling and the second is now waiting to be restored.

Activities distribution in 2009:

• 48% chemicals and petrochemicals,
• 32% energy
• 12% Civil Engineering major works
• 8% Oil & Gas.

The business activities are geographically located:

• 50% in Middle East,
• 16% in Americas (North, Central and South)
• 12% in Italy,
• 8% in other European Union countries,
• 5% in other European countries,
• 9% elsewhere.

Maire Tecnimont is led by Fabrizio Di Amato, Chairman and Chief Executive Officer of Board of Directors.

Group Structure

Maire Tecnimont SpA Group has five distinct areas:

• Tecnimont: engineering company and Main Contractor in the areas Chemicals, Petrochemicals, Oil & Gas, Energy, Infrastructures and Civil Engineering,
• Tecnimont KT: Process Engineering Contractor
• Stamicarbon: services company acquired from DSM in October 2009, specialized in Licensing and intellectual property
• Met Newen: founded in May 2009, Renewable Energy,
• Met Development: Corporate Services.

Shareholders Structure

• Fabrizio Di Amato - 63,170 %, through Maire Gestioni S.p.A.
• GL Investimenti S.r.l. - 2,171 %
• GLG Partners LP - 2,227 %
• Oppenheimer Funds Inc. - 3,011 %
• Norges Bank - 2,03 %
• Others Retail and Institutional Investors Retail - 27,385 %

Subsidiaries

• Sofregaz (France),
• Met Development (Italy),
• TPI - Tecnimont Planung und Industrieanlagenbau Gmbh (Germany),
• TWS SA (Switzerland),
• Empresa Madrilena de Ingegneria y Costruccion (Spain),
• Tecnimont Poland (Poland),
• Tecnimont Arabia Ltd (Saudi Arabia),
• Tecnimont do Brasil Ltda (Brasil),
• Tecnimont Russia (Russia)
• Tecnimont ICB Pvt Ltd (India),
• Maire Engineering France,
• Sep FOS (50%) (France),
• on 5 March 2010, Maire Tecnimont acquired Sofipart Srl which owns 76,1% of KTI Management and 75% of Technip KTI SpA, company specialized in Oil & Gas Engineering, in Rome.

See also

• Fiat
• Tecnimont

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