Imtech: export of technology to Kazakhstan and Saudi Arabia
Gouda - Imtech N.V. (technical services provider in Europe) announces that it
has received orders to a total value of over 35 million euro for high tech E&I
(electrical and instrumentation) solutions in Kazakhstan and Saudi Arabia. In
Kazakhstan, Imtech is working structurally on the technical infrastructure for
the extraction of oil in one of the largest oil fields in the world. At the same
time in Saudi Arabia, Imtech is working on a project basis as a technology
partner for food manufacturer Almarai.
Imtech CEO René van der Bruggen: 'These orders prove two things. In the first
place, that Imtech is able to export its unique technical competences in the
areas of electrical and instrumentation solutions to promising international
regions. In the second place, they prove that we have taken an excellent first
step towards building up an international industrial position outside of Europe
by following our key customers. This is in line with our 2015 growth strategy.'
First technology project for oil extraction in Kazakhstan
In Kashagan in Kazakhstan, work is underway on the extraction of oil in one of
the largest oil fields in the world. Local oil potential is estimated at over
38 billion barrels of oil. For its extraction, parties have established a
consortium under the name Agip Kazakhstan North Caspian Operating Company N.V
(Agip KCO), which is made up of ENI (18.52%), ExxonMobil (18.52%), Shell
(18.52%), Total (18.52%), ConocoPhillips (9.26%), KasMunaiGaz (8.33%), and INPEX
(8.33%).
Imtech's Irish branch has been asked by this consortium as a technology partner
for all E&I (electrical and instrumentation) solutions. Imtech Ireland namely
has unique competences in this area. In light of the market conditions in
Ireland itself, Imtech has taken the strategic decision to export these
competences. To this end, it was decided, in close co-operation with the
Kazakhstani company Bolashak - which has a workforce of 3,000 and is specialised
in providing qualified technical personnel to multinationals and local companies
in Kazakhstan and neighbouring countries working in the oil and gas sector - to
establish a new company (50%-50%) under the name ImtechBolashak. ImtechBolashak
aims to become the best technical services provider in the region in the area of
the engineering, implementation, commissioning and maintenance of technical oil
installations. Imtech will supply the technological knowledge and project
management, while Bolashak will provide most of the technical specialists
carrying out the work. This joint tender was successfully presented for the
first phase of the E&I technology and the second phase is expected to be
assigned to the company in the short term. This makes it possible that the total
value of this project amounts up to more than 50 million euro. ImtechBolashak
has 300 professionals working at the site, a number that will increase to over
500 in the coming period. The goal is to allow ImtechBolashak to build up a
structural market position in the region, so that long-term continuity is
ensured.
Technology for a baby food plant in Saudi Arabia
In the context of Imtech's ambition to build up an international export
position, Imtech in Saudi Arabia will act on a project base as technology
partner for all E&I solutions in a baby food plant that is to be built for the
food manufacturer Almarai.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Director Group Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04
E:pieter.koenders@imtech.eu E:jeroen.leenaers@imtech.eu
www.imtech.eu www.imtech.eu
Imtech profile
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT (information and communication technology) and
mechanical engineering. With approximately 25,000 employees, Imtech achieves
annual revenue of around 4.5 billion euro. Imtech holds strong positions in the
buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany,
Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 21,000 customers. Imtech offers added value with integrated
and multidisciplinary total solutions that lead to better business processes and
more efficiency for customers and the customers they, in their turn, serve.
Imtech also offers solutions that contribute towards a sustainable society, for
example in the areas of energy, the environment, water and mobility. Imtech
shares are listed on the Euronext Stock Exchange Amsterdam, where Imtech is
included in the Midkap Index. Imtech shares are also included in the Dow Jones
STOXX 600 index.
pdf version of press release:
http://hugin.info/130755/R/1507806/442703.pdf
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Source: Imtech N.V. via Thomson Reuters ONE
[HUG#1507806]
